The investor relations department of Vonovia caused frustration during its latest conference call presenting quarterly results. Germany's largest real estate company ended the session after less than an hour, despite additional analysts waiting in the queue to ask their questions. This led to a public outcry among British investors.
Marcus Phayre-Mudge, fund manager at the British investor TR Property Investment Trust, voiced his criticism, stating, "Denying analysts the opportunity to ask questions amounts to restrictive communication." TR Property Investment Trust is listed in the FTSE 250 index and holds approximately 1.38 million shares of Vonovia.
The company's abrupt decisions raise concerns among investors that the information provided is insufficient to withstand proper scrutiny. Philip Grosse, CFO of Vonovia, defended the company's approach in a conversation with Handelsblatt.
The situation highlights the challenges Vonovia faces in maintaining the trust of its investors. Reactions to the communication strategy could have long-term implications for the relationship with analysts and investors.
