Vonovia posted a successful start to FY2017. Q1 rents were up by 6.4% yoy (3.4% lfl growth), EBITDA was up by 2.6% with the margin up by 150bp. EPRA NAV per share climbed from €30.15 at Q1 16 to €37.43 at Q1 17. EPS stood at €0.25 vs. €0.12 a year ago. The group’s GAV came to €29.6bn compared with €27.1bn in December 2016. Reduction in vacancy rate to 2.7% vs. 2.8% yoy. LTV at 44.4% vs. 41.6% as of 31/12/2016.
21 Jun 2017
Guidance lifted after Q1 profit jump
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Guidance lifted after Q1 profit jump
Vonovia SE (VNA:WBO) | 0 0 1.3% | Mkt Cap: 18,016m
- Published:
21 Jun 2017 -
Author:
Alda Kule Dale -
Pages:
3
Vonovia posted a successful start to FY2017. Q1 rents were up by 6.4% yoy (3.4% lfl growth), EBITDA was up by 2.6% with the margin up by 150bp. EPRA NAV per share climbed from €30.15 at Q1 16 to €37.43 at Q1 17. EPS stood at €0.25 vs. €0.12 a year ago. The group’s GAV came to €29.6bn compared with €27.1bn in December 2016. Reduction in vacancy rate to 2.7% vs. 2.8% yoy. LTV at 44.4% vs. 41.6% as of 31/12/2016.