Vonovia faces political pressure in Berlin and lowered JPMorgan price target

Vonovia SE is facing significant headwinds due to both political pressure in Berlin and adjusted financial outlooks from major institutions. In Berlin, the political party Die Linke has targeted large-scale housing providers like Vonovia and Deutsche Wohnen, advocating for policies that could include expropriation to address high rents.

Financially, JPMorgan has lowered its price target for Vonovia stock from 34.50 euros to 26.00 euros, citing interest rate developments and weaker price dynamics. Despite this, the bank maintains an 'Overweight' rating. The company reported an adjusted EBITDA of 1.46 billion euros for the first half of 2026, a 2.40 percent increase, and has confirmed an adjusted EBITDA guidance for the full year of 2.95 to 3.05 billion euros.