Edition:
India

TAG Immobilien AG (TEGG.DE)

TEGG.DE on Xetra

20.50EUR
20 Sep 2019
Change (% chg)

-- (--)
Prev Close
€20.50
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
459,907
52-wk High
€22.48
52-wk Low
€19.33

Latest Key Developments (Source: Significant Developments)

TAG Immobilien AG Confirms 2019 Forecast After H1
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - TAG Immobilien AG ::H1 NET PROFIT 233.7 MILLION EUR.FFO UP TO EUR 40.8M (EUR 0.28 PER SHARE) IN Q2 2019 AFTER EUR 39.5M (EUR 0.27 PER.FFO FOR H1 2019 REFLECTS NEARLY 13% INCREASE OVER H1 2018 (EUR 80.3M OR EUR 0.55 PER SHARE COMPARED TO EUR 71.2M OR EUR 0.49 PER SHARE).PORTFOLIO VALUATION AS AT 30 JUNE 2019 INCREASES NAV PER SHARE TO EUR 18.59 AFTER EUR 17.32 AT 31 DECEMBER 2018.STRONG VALUATION RESULT REDUCES LTV TO 46.2% AFTER 47.3% AT 31 DECEMBER 2018.EUR 211.4M IN GAINS FROM PROPERTY VALUATION (AFTER EUR 230.0M IN H1 2018 AND EUR 200.0M IN H2 2018) CORRESPONDS TO A 4.4% UPLIFT OF PORTFOLIO IN H1 2019.TOTAL LIKE-FOR-LIKE RENTAL GROWTH OF 3.0% P.A. AS OF 30 JUNE 2019 AFTER 2.6% P.A. IN 2018 FINANCIAL YEAR.VACANCY IN TAG'S RESIDENTIAL UNITS AT 5.2% IN JUNE 2019, AFTER 5.0% ON A LIKE-FOR-LIKE BASIS AT BEGINNING OF YEAR.EXCLUDING EFFECTS OF VACANCY REDUCTION, LIKE-FOR-LIKE RENTAL GROWTH AMOUNTED TO 2.5% P.A. AT 30 JUNE 2019 (2018 FINANCIAL YEAR: 2.3%).DUE TO LOWER OPERATING COSTS, NET RENTAL INCOME INCREASED TO EUR 64.4M IN Q2 2019 AFTER EUR 63.5M IN Q1 2019.NET RENTAL INCOME AMOUNTED TO EUR 128.0M AFTER EUR 122.7M AS AT 30 JUNE 2018.NET INCOME FOR FIRST HALF OF 2019 AMOUNTED TO EUR 233.7M AFTER EUR 218.3M AT 30 JUNE 2018.ADJUSTED FUNDS FROM OPERATIONS (AFFO), WHICH RESULTS FROM FFO AFTER DEDUCTION OF ALL CAPEX, ALSO INCREASED TO EUR 26.0M IN Q2 2019, AFTER EUR 24.3M IN PREVIOUS QUARTER.  Full Article

TAG Immobilien Reports Net Income Of 33.3 Mln Euros In Q1
Thursday, 25 Apr 2019 

April 25 (Reuters) - TAG Immobilien AG ::DIVIDEND 0.75 EURPER SHARE.TOTAL DIVIDEND 0.80 EURPER SHARE.DGAP-NEWS: TAG IMMOBILIEN AG STARTS FY 2019 WITH SIGNIFICANTLY INCREASED FFO.FO INCREASES TO EUR 39.5M OR EUR 0.27 PER SHARE IN Q1 2019 COMPARED TO EUR 37.8M OR.FFO INCREASES TO EUR 39.5M OR EUR 0.27 PER SHARE IN Q1 2019 COMPARED TO EUR 37.8M OR EUR 0.26 PER SHARE IN Q4 2018.TOTAL LIKE-FOR-LIKE RENTAL GROWTH AT 2.8% P.A. AS OF 31 MARCH 2019, AFTER 2.6% P.A. AS OF 31 DECEMBER 2018.TAX-FREE DIVIDEND OF EUR 0.75 PER SHARE PLANNED.POSITIVE DEVELOPMENT WAS BASED NOT ONLY ON ONGOING RENTAL GROWTH AND REFINANCING ALREADY IMPLEMENTED, BUT ALSO ON ACQUISITION OF AROUND 2,500 RESIDENTIAL UNITS.AT END OF Q1 OF 2019, LOAN-TO-VALUE (LTV) DEBT RATIO WAS 46.8%.NET INCOME AT END OF Q1 OF 2019 WAS EUR 33.3M.TOTAL ASSETS REMAINED CONSTANT AT EUR 5.0BN AS AT 31 MARCH 2019 COMPARED WITH END OF 2018.  Full Article

TAG Immobilien Hikes 2017 Dividend
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - TAG Immobilien AG ::DGAP-NEWS: TAG IMMOBILIEN AG SURPASSES THE FFO FORECAST FOR THE 2017 FINANCIAL YEAR AND INCREASES THE DIVIDEND FOR 2017.FY NET PROFIT ROSE 56 PERCENT TO 313.7 MILLION EUR.‍FFO IN 2017 FINANCIAL YEAR INCREASES BY 31% TO EUR 127.4M​.‍DIVIDEND PAYMENT PER SHARE OF EUR 0.65 (PREVIOUSLY EUR 0.62) IS NOW PLANNED FOR 2017 FINANCIAL YEAR​.‍DIVIDEND OF EUR 0.70 PER SHARE IS STILL PLANNED FOR 2018 FINANCIAL YEAR​.  Full Article

Tag Immobilien expects 2018 FFO of 135-137 mln eur​
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Tag Immobilien :Reports strong results in Q3 2017 - FFO forecast to increase by 13% to eur 135-137 million (eur 0.93 per share) and in dividend by 11% to eur 0.70 per share in 2018.Says ‍FFO I of eur 33.9 million in Q3 / eur 93.2 million in first nine months of 2017​.Says ‍like-for-like rental growth at 3.0% p.a. including effects from vacancy reduction​.Says ‍in q3 of 2017, Tag generated funds from operations (FFO I not including net revenue from sales) of eur 33.9 million​.Says ‍FFO 2018: eur 135-137 million (guidance 2017: eur 119-121 million)​.Says ‍FFO per share 2018: eur 0.93 (guidance 2017: eur 0.82)​.Says ‍dividend per share for 2018: eur 0.70 (guidance for 2017: eur 0.62)​.  Full Article