US EditionVonovia: Germany's Largest Landlord Deserves More
8 Articles
8 Articles
Germany's largest housing company is once again making billions of profits. Vonovia owes this to a new tricky strategy to increase rents. Many cases are already on trial.
The Vonovia share rushes into the depths – and accelerates its long descent. However, the reason lies not only in new inflation and interest-rate risks. Rather, Germany as a whole becomes a risk for the classic rental model.
The new Vonovia CEO Luka Mucic presents the balance sheet for the first time. Rents and profits from Germany's largest housing group are rising. But tenant protectors are angry – and investors are worried about the high debt.
waz.de
The new head of the company Luka Mucic focuses Vonovia on growth. To do this, the housing group needs craftsmen. Criticism of rent increases.
In his first annual press conference as CEO of Germany's largest real estate group Vonovia, Luka Mucic defines the priorities of his coming years. The focus is on stronger debt reduction.
Despite better results and optimistic analysts, Vonovia slips deep into the minus. Inflation worries and rising interest rates overshadow the real estate giant's annual report.
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- 67% of the sources lean Left
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