Deutsche Wohnen SE

Deutsche Wohnen is a holding company. Co.'s business focus is on residential and nursing properties in conurbations and metropolitan areas of Germany. Co. conducts its operations through three segments: asset/property management, disposal and nursing. Co.'s asset/property management segment includes all activities relating to the management and administration of residential property, the management of rental contracts and tenant support. Co.'s disposal segment comprises the disposal of residential units and portfolios managed by its Deutsche Wohnen Corporate Real Estate GmbH subsidiary. Co.'s nursing segment manages and markets retirement and nursing homes for senior citizens.
  • TickerA0HN5C
  • ISINDE000A0HN5C6
  • SectorReal Estate Investment & Services
  • CountryGermany

Analysts

ING
Jaap Kuin

Real Estate sector/Berlin rent cap: downside risk/The rent cap could weigh on ADO and DWNI

We believe the potential for downward rent adjustments in the upcoming Berlin rent legislation has received little attention. While estimates remain very rough we see significant downside to rents of DWNI and ADO on the back of testing current in-place rents against levels proposed by the ‘Berliner Mieterverein' and apparently considered by the Senate. We estimate potential rent downside at -5 to -10%, while the range is -15% to +5% on the back of currently available information. The ‘rent freeze' and ‘investment cap' components of the new law have received the bulk of attention, while we see ...

Manuel Martin

Deutsche Wohnen SE : Berlin risk eats into our valuation of Deutsche Wohnen

>Valuation gains miss our estimate – 2019 FFO I guidance confirmed - Yesterday (13 August), Deutsche Wohnen (DWNI) published its Q2 2019 results, which were slightly above our estimate and consensus in terms of FFO I but below our estimate in terms of valuation gains. The company confirmed its 2019e FFO I guidance of c.€ 535m.DWNI plans to be a net seller in residential and expand in nursing - DWNI plans to be a net seller in 2019 and the years beyond...

ING
Research Department

Benelux Morning Notes

Deutsche Wohnen: Low NAV growth. Kendrion: It is what it is. NIBC: Rebalancing the corporate book on track, some temporary cost headwinds. Takeaway.com: Deliveroo throws in the towel in Germany. TKH: Operating income lower than expected. Van Lanschot Kempen: 1H19 difficult for NNM, expect reassurance on cost discipline

ING
Jaap Kuin

Real Estate sector/Berlin rent cap: downside risk/The rent cap could weigh on ADO and DWNI

We believe the potential for downward rent adjustments in the upcoming Berlin rent legislation has received little attention. While estimates remain very rough we see significant downside to rents of DWNI and ADO on the back of testing current in-place rents against levels proposed by the ‘Berliner Mieterverein' and apparently considered by the Senate. We estimate potential rent downside at -5 to -10%, while the range is -15% to +5% on the back of currently available information. The ‘rent freeze' and ‘investment cap' components of the new law have received the bulk of attention, while we see ...

Manuel Martin

Deutsche Wohnen SE : Berlin risk eats into our valuation of Deutsche Wohnen

>Valuation gains miss our estimate – 2019 FFO I guidance confirmed - Yesterday (13 August), Deutsche Wohnen (DWNI) published its Q2 2019 results, which were slightly above our estimate and consensus in terms of FFO I but below our estimate in terms of valuation gains. The company confirmed its 2019e FFO I guidance of c.€ 535m.DWNI plans to be a net seller in residential and expand in nursing - DWNI plans to be a net seller in 2019 and the years beyond...

ING
Research Department

Benelux Morning Notes

Deutsche Wohnen: Low NAV growth. Kendrion: It is what it is. NIBC: Rebalancing the corporate book on track, some temporary cost headwinds. Takeaway.com: Deliveroo throws in the towel in Germany. TKH: Operating income lower than expected. Van Lanschot Kempen: 1H19 difficult for NNM, expect reassurance on cost discipline

ING
Research Department

Benelux Morning Notes

ADO Properties: new CEO with ties to TLG. Coima RES: Sells 50% of Vodafone building. D'Ieteren: Carve out of Auto distribution and retail into subsidiaries. Deutsche Wohnen: self-imposed rent cap. German resi: a schism. LEG Immobilien: sells 2,700 units

Manuel Martin

ODDO : German residential real estate still resilient overall but: “Ich bin ein Berliner!” (JFK) – Berliners are a different breed

We expect the German residential real estate market to remain resilient overall, assuming no drastic increase in rent regulation, as the demand/supply imbalance remains favourable and the low interest environment in Europe is likely to persist. However, we remain cautious on the Berlin market and continue to highlight Vonovia (Buy, TP € 51) as our preferred pick in the German residential real estate sector. - >As we suspected, Berlin Senate agreed a 5-year rent freeze - §s...

1 director bought

A director at Deutsche Wohnen AG bought 600 shares at 33.450EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Deutsche Wohnen SE : Berlin rental freeze can be absorbed by most real estate issuers

The Berlin senate will propose legislation on 18 June 2019 to freeze rents in Berlin for five years, starting from 2020. - Other measures include the following: 1/ New tenants will be able to have their rental costs checked by Berlin authorities to ensure they are not being charged more than previous tenants; 2/ landlords are required to notify authorities about any modernisation works to an apartment and such refurbishment would be allowed to increase monthly rents, but only by a ...

Deutsche Wohnen SE : Berlin rental freeze can be absorbed by most real estate issuers

The Berlin senate will propose legislation on 18 June 2019 to freeze rents in Berlin for five years, starting from 2020. - Other measures include the following: 1/ New tenants will be able to have their rental costs checked by Berlin authorities to ensure they are not being charged more than previous tenants; 2/ landlords are required to notify authorities about any modernisation works to an apartment and such refurbishment would be allowed to increase monthly rents, but only by a ...

Expert Corporate Governance Service (ECGS)

Deutsche Wohnen - AGM 18 June 2019

General: Deutsche Wohnen is one of Europe's leading listed real estate companies. The Company focuses on three key business areas: Residential Property Management and Disposals as well as Nursing and Assisted Living. Deutsche Wohnen's portfolio currently comprises around 167,100 units, of which 164,400 are residential units and 2,700 are commercial properties. Agenda: We have no concerns over the agenda items at this year's AGM.

Deutsche Wohnen – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Valérie GASTALDY

Short term view - DEUTSCHE WOHNEN AG-BR : The trend is uncertain.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €42.80.

Valérie GASTALDY

Analyse court terme - DEUTSCHE WOHNEN AG-BR : La tendance est incertaine.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 42,80 €.

Valérie GASTALDY

Analyse court terme - DEUTSCHE WOHNEN AG-BR : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 38,70 €.

Valérie GASTALDY

Short term view - DEUTSCHE WOHNEN AG-BR : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €38.70.

Valérie GASTALDY

Medium term view - DEUTSCHE WOHNEN AG-BR : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €31.79.

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