The real estate industry is suffering particularly badly in the current crisis. Still, there are opportunities for investors.
(Photo: imago images/Ralph Peters)
Dusseldorf It’s been a tough year for residential property groups. While the Dax has recently increased significantly and is only 10 percent in the red for the year, the price development of the shares of Vonovia and Co. was significantly worse.
At Vonovia, Germany’s largest landlord, the minus is 50 percent, and the situation is very similar at the second largest company, LEG Immobilien. The minus is even clearer at another large group: TAG Immobilien. The value of the shares has even fallen by 75 percent since the beginning of the year.
For investors, this obviously raises a question: Are the real estate companies’ shares currently real bargains? Or are real estate groups structurally worse off than companies from other sectors due to the hard turnaround on the market caused by the crisis? An overview of the current analyst assessments.
Real estate group Vonovia: “Attractive valuation compared to the risks”
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