Investor criticises Vonovia as some analysts unable to ask questions

Mon, 11th May 2026 14:16

DUESSELDORF, May 11 (Reuters) - British investor ⁠TR Property Investment Trust has accused German real estate group Vonovia of lacking ‌transparency because some analysts from major ⁠banks were unable to ⁠ask questions during a recent call with management.

Marcus Phayre-Mudge, a fund manager at TR Property Investment Trust, said ‌the analysts were "deliberately denied" the chance to ask questions.

"That falls short of the transparency shareholders should expect from one of Europe's largest listed ‌property companies," he said.

TR Property Investment Trust said it holds ‌a 0.16% stake in Vonovia and would raise the issue with the company's supervisory board.

Vonovia said in a statement it addresses ‌critical questions from investors in a variety of forums but had decided to ⁠shorten quarterly ⁠analyst calls.

"When questions are ‌repeated, it unnecessarily prolongs the calls," Vonovia said, adding it had received support ‌from investors to keep the calls focused. (Reporting by Matthias Inverardi. Writing by Tom Sims. Editing by Mark Potter)