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VNA - Vonovia SE News Story

€47.04 0.1  0.1%

Last Trade - 4:35pm

Sector
Financials
Size
Large Cap
Market Cap £21.82bn
Enterprise Value £37.76bn
Revenue £6.46bn
Position in Universe 44th / 1039

BUZZ-Deutsche Wohnen: Shares seen down on Berlin rent freeze

Mon 21st October, 2019 8:00am
** Shares in Berlin's biggest landlord Deutsche Wohnen
 DWNG.DE  are seen slumping 4% at open after Berlin's city
government approves a plan to freeze rents in the German capital
for five years  urn:newsml:reuters.com:*:nS8N26M02R
    ** The final draft lowers rent levels well below the 2019
rent index and below the average rents of the listed players,
Jefferies says
    ** "At current stage it's impossible to quantify impacts
externally," the broker adds
    ** It expects the listed real estate firms to provide
guidance on the impact in due course
    ** Shares in Vonovia  VNAn.DE , Grand City Properties
 GYC.DE , TAG Immobilien  TEGG.DE  are seen down 1.9%, 0.7%,
0.5% respectively

 ((Linda.pasquini@tr.com))
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