Vonovia has reported promising 9m results for FY18. While the average number of residential sqm has decreased by 1.5% yoy, the adjusted EBITDA has increased by +5.9% yoy to €976.2m, pushed by net rental income growth of 3.1% to €1.29bn. This has led the 9m FY18 operating result (FFO I) to rise to €778.2m (+12.7% yoy). The EPRA NAV per share was up by 19.4% yoy to €47.23. Concerning the property metrics, the LTV has increased to 45.1% (+2.7pp yoy), which is slightly higher
06 Dec 2018
Favourable German environment and external growth driving the 9m results
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Favourable German environment and external growth driving the 9m results
Vonovia SE (VNA:WBO) | 0 0 1.3% | Mkt Cap: 18,016m
- Published:
06 Dec 2018 -
Author:
Laura Parisot - Pages:
Vonovia has reported promising 9m results for FY18. While the average number of residential sqm has decreased by 1.5% yoy, the adjusted EBITDA has increased by +5.9% yoy to €976.2m, pushed by net rental income growth of 3.1% to €1.29bn. This has led the 9m FY18 operating result (FFO I) to rise to €778.2m (+12.7% yoy). The EPRA NAV per share was up by 19.4% yoy to €47.23. Concerning the property metrics, the LTV has increased to 45.1% (+2.7pp yoy), which is slightly higher