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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Wohnen SE    DWNI   DE000A0HN5C6

DEUTSCHE WOHNEN SE

(DWNI)
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Berlin could cap rents at 7.97 eur per square metre - Tagesspiegel

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08/25/2019 | 06:10pm EDT

FRANKFURT (Reuters) - Berlin's city government plans to cap rents at 7.97 euros (£7.23) per square metre per month as part of a rent freeze agreed earlier this year, newspaper Tagesspiegel reported, citing a draft law.

Katrin Lompscher, Berlin's Senator for Urban Development, plans to apply the cap to flats built until 2013, the report said, adding flats built from 2014 would be exempted.

The draft is still subject to discussions and could still change, the report said.

The Senate will prepare a bill to be sent to the city's parliament by Oct. 15. It is intended to take effect in January.

Berlin's city government in June decided to freeze rents for five years, heeding complaints from residents that their once famously affordable city was pricing them out.

Deutsche Wohnen is Berlin's biggest landlord with more than 115,000 flats in the German capital while peer Vonovia owns more than 42,000.

(Reporting by Christoph Steitz; Editing by Sandra Maler)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE WOHNEN SE 0.68% 35.41 Delayed Quote.-11.48%
GRAND CITY PROPERTIES S.A. -0.95% 20.84 Delayed Quote.9.97%
VONOVIA SE -0.44% 48 Delayed Quote.21.24%
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Financials (EUR)
Sales 2019 827 M
EBIT 2019 677 M
Net income 2019 1 260 M
Debt 2019 9 189 M
Yield 2019 2,75%
P/E ratio 2019 10,2x
P/E ratio 2020 17,5x
EV / Sales2019 26,5x
EV / Sales2020 26,1x
Capitalization 12 737 M
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Number of Analysts 23
Average target price 37,50  €
Last Close Price 35,41  €
Spread / Highest target 69,2%
Spread / Average Target 5,90%
Spread / Lowest Target -30,0%
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Managers
NameTitle
Michael Zahn Chief Executive Officer
Matthias Hünlein Chairman-Supervisory Board
Lars Wittan Chief Operating Officer
Philip Grosse Chief Financial Officer
Andreas Kretschmer Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE WOHNEN SE-11.48%14 189
CHINA VANKE CO., LTD.--.--%42 795
CHINA EVERGRANDE GROUP-22.54%30 669
VONOVIA SE21.24%28 995
CHINA MERCHANTS SHEKOU IND ZN HLDG COLTD--.--%21 394
VINGROUP JSC--.--%15 998