May 24, 2017 / 5:08 AM / 3 months ago

Vonovia tweaks guidance to include Conwert earnings

FRANKFURT, May 24 (Reuters) - Germany's biggest residential real estate company Vonovia raised its guidance to take into account earnings from Austrian property group Conwert , which it agreed to acquire in September.

The group said on Wednesday it now expected to generate 2017 core profit (FFO I) of 900 to 920 million euros ($1.01-1.03 billion), compared with a previous forecast for 830 to 850 million euros.

In the first quarter, its core profit rose 17 percent to 218.2 million euros.

$1 = 0.8946 euros Reporting by Maria Sheahan; Editing by Victoria Bryan

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