XTRA:VNAReal Estate
Vonovia (XTRA:VNA) Stock Faces Leverage Scrutiny Despite EPS Jump
Vonovia went into this earnings release with a stock that has drifted, down about 6% over the past month and around 7% over three months, even as the P/E near 4.7x already priced in plenty of caution. The headline today is the profit story. Quarterly basic earnings per share came in at €0.87 on revenue of €1,605.5m, against a backdrop where the past 12 months have been shaped by a very large one off gain and a net profit margin of 63.9%.
The market now has to decide whether that margin story...