|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.62 - 19.44|
|52 Week Range||15.02 - 24.57|
|Beta (5Y Monthly)||0.25|
|PE Ratio (TTM)||6.93|
|Forward Dividend & Yield||0.49 (2.56%)|
|Ex-Dividend Date||Jun 18, 2019|
|1y Target Est||N/A|
A Berlin district court said on Thursday it had found that the city's rent freeze law was unconstitutional and referred it to Germany's Federal Constitutional Court for a definitive ruling. The court said that Berlin's city legislature did not have the power to pass the legislation, which freezes rents in the German capital for five years. "In its decision, the 67th Civil Chamber ... found that the legal provisions of the 'Berlin Rent Ceiling' are formally unconstitutional because the city state of Berlin lacked the legislative competence to pass it," the court said.
Thousands of Berlin residents took to the streets on Saturday to vent anger over surging rents and demand the expropriation of more than 200,000 apartments sold off to big private landlords, which they blame for changing the character of the city. The Berlin Senate estimates the cost of buying back property at up to 36 billion euros ($41 billion).