2024-01-24 20:53:54 ET
Summary
- Vonovia has seen significant improvements in its financial situation and is now much safer than a year ago.
- Vonovia's current market valuation remains deeply below its reported book value, average realized prices on disposal, replacement costs, and actual prices of comparable apartments in Germany.
- I share my outlook for the stock for 2024.
Dear readers,
Vonovia ( VONOY ) is a German real estate holding company, which operates very similarly to a REIT, and owns 550,000 apartments located primarily in Germany, Sweden, and Austria....
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Vonovia: Still Has An Upside In 2024