Following our Idea Kicker on 11 May (”Time to question its status”), Deutsche Wohnen confirmed the low leverage of its slowing lfl growth in Q1 20. Despite the material cushion of high end-market values vs. low book values, Deutsche Wohnen should not experience a massive revaluation in H1 20. We confirm our Reduce stance.
13 May 2020
Slowing end-market prices were confirmed
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Slowing end-market prices were confirmed
Deutsche Wohnen SE (DWNI:WBO) | 0 0 1.2% | Mkt Cap: 11,899m
- Published:
13 May 2020 -
Author:
Christian Auzanneau -
Pages:
4
Following our Idea Kicker on 11 May (”Time to question its status”), Deutsche Wohnen confirmed the low leverage of its slowing lfl growth in Q1 20. Despite the material cushion of high end-market values vs. low book values, Deutsche Wohnen should not experience a massive revaluation in H1 20. We confirm our Reduce stance.