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TAG Immobilien AG (TEGG.DE)

TEGG.DE on Xetra

20.54EUR
13 Dec 2018
Change (% chg)

€-0.12 (-0.58%)
Prev Close
€20.66
Open
€20.62
Day's High
€20.62
Day's Low
€20.30
Volume
425,977
Avg. Vol
462,553
52-wk High
€21.50
52-wk Low
€14.62

Latest Key Developments (Source: Significant Developments)

Tag Immobilien Expects 9 PCT DIV Increase In 2019
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - TAG Immobilien AG ::DGAP-NEWS: TAG IMMOBILIEN AG REPORTS STRONG RESULTS AGAIN IN Q3 2018 - FFO AND DIVIDEND PER SHARE BOTH EXPECTED TO INCREASE 9% IN 2019, TO EUR 154-156 MILLION AND EUR 0.80.REPORTS STRONG RESULTS AGAIN IN Q3 2018 - FFO AND DIVIDEND PER SHARE BOTH EXPECTED TO INCREASE 9% IN 2019, TO EUR 154-156 MILLION AND EUR 0.80.FFO OF EUR 37.5 MILLION IN Q3 OF 2018 AND EUR 108.7 MILLION IN FIRST NINE MONTHS OF 2018 CORRESPONDS TO YEAR-ON-YEAR INCREASES OF 17%.LTV DROPS TO 49.4% AS OF 30 SEPTEMBER 2018.VACANCY IN GROUP'S RESIDENTIAL UNITS REDUCED TO 5.2% IN SEPTEMBER 2018, FROM 5.5% IN PREVIOUS QUARTER.TOTAL LIKE-FOR-LIKE RENTAL GROWTH RISES TO 2.8% P.A. AS OF 30 SEPTEMBER 2018, AFTER 2.5% P.A. IN Q2 2018.ACQUISITION OF AROUND 1,300 APARTMENTS IN EASTERN GERMANY IN Q3 OF 2018.NET RENT ROSE ONCE AGAIN, TO EUR 75.4 MILLION AFTER EUR 75.1 MILLION IN PREVIOUS QUARTER.NET RENTAL INCOME FOR FIRST NINE MONTHS OF 2018 CAME TO EUR 226.1 MILLION, COMPARED WITH EUR 218.0 MILLION IN SAME PERIOD OF PREVIOUS YEAR.DIVIDEND PER SHARE FOR 2019: EUR 0.80 (FORECAST FOR 2018: EUR 0.73).SIGNIFICANT YEAR-ON-YEAR INCREASES OF +9% ARE EXPECTED AGAIN IN 2018/2019.  Full Article

TAG Immobilien Issues Two Corporate Bonds And Repurchases 2014/2020 Bond
Monday, 11 Jun 2018 

June 11 (Reuters) - TAG Immobilien AG ::DGAP-NEWS: TAG IMMOBILIEN AG ISSUES TWO CORPORATE BONDS WITH A TOTAL VOLUME OF EUR 250M AND REPURCHASES THE EUR 125M CORPORATE BOND 2014/2020 AHEAD OF MATURITY.FIRST CORPORATE BOND 2018/2023 OF EUR 125M HAS A TERM OF 5 YEARS UNTIL 19 JUNE 2023.FIRST CORPORATE BOND 2018/2023 BEARS INTEREST AT 1.25% P.A..SECOND CORPORATE BOND 2018/2025, ALSO EUR 125M, HAS A TERM OF 7 YEARS UNTIL 19 JUNE 2025.SECOND CORPORATE BOND HAS ANNUAL INTEREST RATE OF 1.75%.  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

German stocks - Factors to watch on Oct. 30

BERLIN, Oct 30 The following are some of the factors that may move German stocks on Tuesday: