Vonovia shares fell after the German landlord cut some 2028 targets, warning that higher interest rates are constraining transaction activity.
The company's outlook reflects pressure on Germany's residential property sector as borrowing costs rise. Vonovia, Europe's largest residential landlord, faces a challenging environment that has weighed on investor sentiment.
Market participants are watching for further guidance on how the lender will navigate the tighter financing conditions affecting real estate deals across Germany.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing