The NAV increased by 8% on its December 2018 level, net of dividend, driven by an overall increase in prices per sqm. The revaluation pace again accelerated on the back of: i/ 4% lfl growth; ii/ another yield compression of 20bp from 3.4% to 3.2% (€1.4bn of the full €2.5bn revaluations in H1 19). Despite this move, until now Vonovia has been reluctant to close the gap between its book values and higher end-market prices per sqm.
02 Aug 2019
The City of Berlin's assets were up 9% in H1 19
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The City of Berlin's assets were up 9% in H1 19
Vonovia SE (VNA:WBO) | 0 0 1.3% | Mkt Cap: 18,016m
- Published:
02 Aug 2019 -
Author:
Christian Auzanneau -
Pages:
4
The NAV increased by 8% on its December 2018 level, net of dividend, driven by an overall increase in prices per sqm. The revaluation pace again accelerated on the back of: i/ 4% lfl growth; ii/ another yield compression of 20bp from 3.4% to 3.2% (€1.4bn of the full €2.5bn revaluations in H1 19). Despite this move, until now Vonovia has been reluctant to close the gap between its book values and higher end-market prices per sqm.