VONOY News and Press, Vonovia SE ADR From 06/14/23

2023-06-14 09:10:00 ET Summary US stocks ended May with solid gains and extended their strong performance into June, boosted by positive labor market data and the debt ceiling bill's progress. My investment activity in May picked up slightly from April, with net investments totali...

2023-06-13 12:27:02 ET Summary Vonovia, Germany's largest residential landlord, reported decent Q1 2023 results with 3.4% YoY rental growth and a healthy 2.2% vacancy rate. Rental segment is expected to remain strong due to increasing demand and a severe housing shortage in German...

2023-06-13 07:30:00 ET Summary Real estate is today heavily discounted in the public market. REITs are priced at cents on the dollar. I like a big discount and I am buying these names. Yes, you read the title right. It may sound too good to be true, but it is tod...

2023-06-09 11:24:30 ET Summary Vonovia, a European apartment landlord, is trading at a 60-70% discount to net asset value due to its debt exposure and market concerns. The company has strong operational performance, with 98% occupancy, rent increases of 3.4%, and 99.9% rent collec...

2023-05-26 18:26:03 ET Summary Equity REITs are widely preferred by retail investors mainly due to attractive dividend yields and simple business models. The underlying simplicity creates favorable dynamics for REIT analysts to also apply superficial analysis and many heuristics t...

2023-05-18 20:22:02 ET Summary TAG Immobilien holds residential units both in Germany and Poland. Its recent operating performance has been resilient considering the difficult market environment. The company’s relatively high financial leverage and weak liquidity are ma...

2023-05-15 11:38:53 ET Summary In the past decade, many REITs have become complacent and devised aggressive financing strategies that were underpinned by low interest rates. The sudden shift in the interest rates and a probability of a "higher-for-longer" scenario can put a notabl...

2023-05-13 09:00:00 ET Summary REITs are better investments than rental properties in most cases. But there are exceptions. I present one instance when I bought a property instead of REITs. If you have ever read my research here on Seeking Alpha, you would probably k...

2023-05-13 06:42:06 ET Summary Vonovia is trading at a distressed valuation of ~0.35x book value. The bear case is premised on a dilutive equity issuance and/or forced fire sale. The risk of above is remote in my view. Recent disposal transactions largely reduced the tail ...

2023-05-06 12:23:08 ET Vonovia SE (VNNVF) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Rene Hoffmann - Head of Investor Relations Rolf Buch - Chief Executive Officer Philip Grosse - Chief Financial Officer Conference Call Par...