Aktie im Blick: Warum läuft die Vonovia-Aktie an der Börse so schwach?
Hohe Gewinne und attraktiv bewertet. Doch damit es nach dem Börsenverfall wieder aufwärtsgeht, muss sich eine wichtige Bedingung erfüllen.
In the past six months, Vonovia's stock price has plummeted by nearly 30%, surpassing a 60% decline from its summer 2020 record high. Few stocks have caused as many inquiries as Vonovia, with recipients posing the same two questions: why isn't the share price rising and when will it recover. Important metrics appear promising; the rental occupancy rate recently reached 97.7%, with steady rental income growth.
Profit for the previous fiscal year stood at 3.7 billion euros, after three years of losses. The primary reason for the stock's decline is Vonovia's substantial debt and interest rate developments. The company has net financial debt of 40 billion euros, typical of real estate conglomerates that finance much of their operations through bonds and loans.
With interest rates on the rise, the European Central Bank (ECB) raised the key policy rate to 2.5% on Thursday, forcing Vonovia to pay more to finance its capital. This increase in borrowing costs directly impacts cash flows and profits.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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