German real estate stocks rise on lower 10-YR bund rates

LEG Immobilien SE

28/03/2025 10:47

** Shares in German real estate stocks rise after lower 10-year bund rates

** Vonovia VNAn.DE, Deutsche Wohnen DWNG.DE, LEG Immobilien LEGn.DE up around 1.8%; TAG Immobilien TEGG.DE rises 3.5%

** The pan-European STOXX real estate index .SX86P is also up 1.3%, among the best performers on the wider STOXX 600 .STOXX index, which is down 0.7%

** "I think we are seeing a kind of stabilization in interest rates with a slight decrease in yields today which gives a relief to the recently beaten down real estate sector, especially German ones which are in general more leveraged," ODDO BHF analyst Manuel Martin says

** Baader Helvea analyst Andre Remke says interest rates may not accelerate as much as feared over the next 2-3 weeks

** Vonovia and TAG Immobilien top Germany's blue chip .GDAXI and mid-cap .MDAXI indexes, respectively

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))