May 4, 2017 / 4:55 AM / 3 months ago

BRIEF-TAG Immobilien Q1 FFO rises quarter-on-quarter

May 4 (Reuters) - TAG Immobilien AG

* Says starts the 2017 financial year with increased FFO of eur 28.5m and new acquisitions

* Says FFO for Q1 2017 rises to eur 28.5m or eur 0.20 per share, after eur 27.0m and eur 0.19 per share in Q4 2016

* Purchase of c. 2,700 residential units in Q1 of 2017, closing scheduled for end of Q2

* Vacancy in residential units of portfolio drops to below 6% for first time; 5.9% in March 2017

* NAV per share rises to eur 11.73 (31 december 2016: eur 11.53)

* Dividend payment of eur 0.57 per share for 2016 scheduled for May 2017, dividend per share for 2017 increases to eur 0.60 Source text for Eikon: Further company coverage:

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