|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.65 - 23.65|
|52 Week Range||21.95 - 25.90|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||8.46|
|Forward Dividend & Yield||1.96 (8.49%)|
|1y Target Est||N/A|
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).
On Saturday, signature collection begins for a citywide referendum in the German capital on whether to nationalize the residential properties owned by big landlords. The initiators of the “Expropriate Deutsche Wohnen & Co.” are relying on Article 15 of the German Constitution, which has never been applied. The activists argue that the big landlords are driving up rents and, because of their market power – “big rental sharks serve as an example to big rental sharks” – making housing unaffordable for ordinary Berliners.
The proposals might seem radical—from banning huge corporate landlords to freezing rents for five years—but polls show the public is ready for something dramatic.
Rating Action: Moody's confirm ratings for ADO Properties S.A. Frankfurt am Main, December 14, 2018 -- Moody's Investors Service ("Moody's") has today confirmed the Baa3 long-term ratings and the P-3 short term rating of ADO Properties S.A. group ("ADO" or "the company"), concluding the review for downgrade initiated on October 11, 2018. The outlook on all ratings is stable.