Up to now, we had anticipated a cycle coming progressively to its end in 2022-23 for Residential in Germany. Coronavirus is now revealed as a catalyst, provoking a crisis earlier than we expected previously. We now believe that the NAV will progressively stabilise or decrease as from 2020. However, we hope that Vonovia will stay the “relative” safe-haven it is vs. peers. The tragic consequences of growing unemployment in the future, coupled with deflation, could weigh on the topli
26 Mar 2020
Lfl growth peaked in 2018
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Lfl growth peaked in 2018
Vonovia SE (VNA:WBO) | 0 0 1.3% | Mkt Cap: 18,016m
- Published:
26 Mar 2020 -
Author:
Christian Auzanneau -
Pages:
5
Up to now, we had anticipated a cycle coming progressively to its end in 2022-23 for Residential in Germany. Coronavirus is now revealed as a catalyst, provoking a crisis earlier than we expected previously. We now believe that the NAV will progressively stabilise or decrease as from 2020. However, we hope that Vonovia will stay the “relative” safe-haven it is vs. peers. The tragic consequences of growing unemployment in the future, coupled with deflation, could weigh on the topli