Vonovia SE: Vonovia SE moves up to Europe's leading index, EURO STOXX 50
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Vonovia SE moves up to Europe's leading index, EURO STOXX 50
- Inclusion underscores Vonovia's successful, sustainable development since the IPO in 2013
- Vonovia is the only real estate company listed in the EURO STOXX 50
- The relevant criterion is Free Float Market Capitalization
Bochum, Germany, September 2, 2020 - The index issuer Stoxx Ltd., which is part of the Deutsche Börse AG Group, announced yesterday evening in the course of its yearly review that Vonovia SE ("Vonovia") will be included in the European blue chip stock index EURO STOXX 50, effective September 18 (after close of trade). Vonovia will be the only real estate company currently included in Europe's leading index and the first residential real estate company ever to be part of this index.
"Current and future challenges increasingly require European solutions. It's a good signal for the entire industry that a real estate company - Vonovia - is now represented in the EURO STOXX 50. This increases the visibility of our important economic sector," says Rolf Buch, Chief Executive Officer of Vonovia. "The consideration of Vonovia reflects our sustainable growth, our robustness and the stability of our business model. It is also a distinction for our employees, who are deeply committed to our tenants, especially during the coronavirus pandemic."
The EURO STOXX 50 consists of the fifty most valuable listed companies in the Eurozone. It was introduced in 1998 and is considered the most important indicator of performance on the European stock market. The index is licensed to financial institutions to serve as an underlying for a wide range of investment products such as exchange-traded funds (ETFs), futures, options and structured products worldwide
The basis for the classification is the free float market capitalization based on the closing price at the end of August 2020. Seven years after its IPO in July 2013 (approximately € 0.4 billion) and five years after its promotion to the DAX 30 (approximately € 13 billion), Vonovia's free float market capitalization has increased to more than € 30 billion. After the index update, the EURO STOXX will include 50 companies from a total of 9 countries and 18 sectors.
2020/2021 Financial Calendar:
October 1, 2020: "Outlook for climate-neutral living" (Perspektiven klimaneutralen Wohnens) conference, both in digital form and on the EUREF Campus in Berlin
Vonovia SE is Europe's leading private residential real estate company. Vonovia currently owns around 415,000 residential units in all attractive cities and regions in Germany, Sweden and Austria. It also manages around 73,000 apartments. Its portfolio is worth approximately € 55.7 billion. As a modern service provider, Vonovia focuses on customer orientation and tenant satisfaction. Offering tenants affordable, attractive and livable homes is a prerequisite for the company's successful development. Accordingly, Vonovia makes long-term investments in the maintenance, modernization and senior-friendly conversion of its properties. The company is also creating more and more new apartments by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed on the international indices STOXX Europe 600, MSCI Germany, MSCI Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of over 10,000 employees.
This press release has been issued by Vonovia SE and/or its subsidiaries solely for information purposes. This press release may contain statements, assumptions, opinions and predictions about the anticipated future development of Vonovia ("forward-looking statements") that reproduce various assumptions regarding, e.g., results derived from Vonovia's current business or from publicly available sources that have not been subject to an independent audit or in-depth evaluation by Vonovia and that may turn out to be incorrect at a later stage. All forward-looking statements express current expectations based on the current business plan and various other assumptions and therefore come with risks and uncertainties that are not insignificant. All forward-looking statements should not therefore be taken as a guarantee for future performance or results and, furthermore, do not necessarily constitute exact indicators that the forecast results will be achieved. All forward-looking statements relate solely to the day on which this press release was issued to its recipients. It is the responsibility of the recipients of this press release to conduct a more detailed analysis of the validity of forward-looking statements and the underlying assumptions. Vonovia accepts no responsibility for any direct or indirect damages or losses or subsequent damages or losses as well as penalties that the recipients may incur by using the press release, its contents and, in particular, all forward-looking statements or in any other way, as far as this is legally permissible. Vonovia does not provide any guarantees or assurances (either explicitly or implicitly) in respect of the information contained in this press release. Vonovia is not obliged to update or correct the information, forward-looking statements or conclusions drawn in this press release or to include subsequent events or circumstances or to report inaccuracies that become known after the date of this press release.
File: Vonovia SE moves up to EURO STOXX 50_PI_20200902
02.09.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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