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TAG Immobilien AG

TEGG.DE

Latest Trade

23.52EUR

Change

0.00(0.00%)

Volume

38,214

Today's Range

23.44

 - 

23.56

52 Week Range

19.62

 - 

23.74

As of on the XETRA ∙ Minimum 15 minute delay

Latest Developments

Tag Immobilien To Enter Polish Residential-For-Rent Market

Nov 8 (Reuters) - TAG IMMOBILIEN AG <TEGG.DE>::TAG IMMOBILIEN AG TO ENTER POLISH RESIDENTIAL-FOR-RENT MARKET.ACQUISITION OF VANTAGE DEVELOPMENT VIA TENDER OFFER SECURED BY 100% COMMITMENT OF SELLING SHAREHOLDERS.VANTAGE DEVELOPMENT SHAREHOLDERS HAVE ENTERED INTO AN INVESTMENT AGREEMENT WITH TAG TO SELL ALL THEIR SHARES FOR A TOTAL NET CONSIDERATION OF C.EUR 85M.TOTAL NET CONSIDERATION FOR TAG AMOUNTS TO C. EUR 85M FOR RESIDENTIAL BUSINESS AND PLATFORM OF VANTAGE DEVELOPMENT.TOTAL TRANSACTION CONSIDERATION WILL BE FULLY PAID BY TAG'S EXISTING CASH..AFTER COMPLETION OF TRANSACTION, DELISTING OF VANTAGE DEVELOPMENT'S SHARES, CURRENTLY LISTED ON WARSAW STOCK EXCHANGE, IS INTENDED.

Tag Immobilien Sees 168-170 million euro FFO in 2020

Oct 30 (Reuters) - TAG Immobilien AG <TEGG.DE>::DGAP-NEWS: TAG IMMOBILIEN AG ACHIEVES ANOTHER INCREASE IN QUARTERLY EARNINGS AND FORECASTS 9% INCREASE IN FFO AND DIVIDEND FOR 2020.9M NET PROFIT 267.9 MILLION EUR VERSUS 248.6 MILLION EUR YEAR AGO.DGAP-NEWS: TAG IMMOBILIEN AG ACHIEVES ANOTHER INCREASE IN QUARTERLY EARNINGS AND FORECASTS 9% INCREASE IN FFO AND DIVIDEND FOR 2020.FFO RISES TO EUR 41.2M IN Q3 2019 AFTER EUR 40.8M IN PREVIOUS QUARTER AND EUR 37.5M IN Q3 2018.DIVIDEND FORECAST FOR 2020: EUR 0.87 PER SHARE.NET RENTAL INCOME INCREASED TO EUR 64.9M IN Q3 OF 2019 FROM EUR 64.4M IN Q2 2019 DUE TO SLIGHTLY LOWER EXPENSES FROM PROPERTY MANAGEMENT IN Q3 OF 2019.SEES FFO 2020: EUR 168M-170M.SEES FFO PER SHARE 2020: EUR 1.15.FORECAST FOR 2019 FINANCIAL YEAR REMAINS UNCHANGED.

TAG Immobilien AG Confirms 2019 Forecast After H1

Aug 8 (Reuters) - TAG Immobilien AG <TEGG.DE>::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.

TAG Immobilien Reports Net Income Of 33.3 Mln Euros In Q1

April 25 (Reuters) - TAG Immobilien AG <TEGG.DE>::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.

Tag Immobilien Increases Dividend As 2018 Net Profit Rose

March 6 (Reuters) - TAG Immobilien AG <TEGG.DE>::DGAP-NEWS: TAG IMMOBILIEN AG EXCEEDS FFO FORECAST FOR 2018 AND INCREASES DIVIDEND.FY NET PROFIT ROSE 56 PERCENT TO 488.2 MILLION EUR.TOTAL DIVIDEND 0.73 EURPER SHARE VERSUS 0.65 EURPER SHARE YEAR AGO.FFO INCREASES BY MORE THAN 15% IN 2018, TO EUR 146.5M OR EUR 1.00 PER SHARE (2017: EUR 127.4M OR EUR 0.87 PER SHARE).INCREASED DIVIDEND OF EUR 0.75 PER SHARE FOR 2018 PROPOSED TO ANNUAL GENERAL MEETING, AFTER EUR 0.73 PER SHARE (2017: EUR 0.65 PER SHARE).MORE THAN 2,700 RESIDENTIAL UNITS ACQUIRED IN 2018 WITH AN AVERAGE GROSS YIELD OF ALMOST 8%.GROUP'S NET RENTS INCREASED FROM EUR 293.0M IN PREVIOUS YEAR TO EUR 302.2M IN 2018, RESULTING IN A STRONG NET RENTAL INCOME OF EUR 246.1M (PREVIOUS YEAR: EUR 236.6M).NET ASSET VALUE (NAV) PER SHARE INCREASED BY 26% TO EUR 17.32 AT END OF 2018.

Tag Immobilien Expects 9 PCT DIV Increase In 2019

Oct 30 (Reuters) - TAG Immobilien AG <TEGG.DE>::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.

TAG Immobilien Hikes 2018 Guidance After H1 Results

Aug 9 (Reuters) - TAG Immobilien AG <TEGG.DE>::DGAP-NEWS: TAG IMMOBILIEN AG INCREASES ITS FFO AND DIVIDEND GUIDANCE FOR THE 2018 FINANCIAL YEAR FOLLOWING STRONG FIRST-HALF RESULTS.DIVIDEND GUIDANCE FOR FINANCIAL YEAR 2018 INCREASED TO EUR 0.73 PER SHARE (PREVIOUSLY EUR 0.70).SECOND-QUARTER FFO OF EUR 36.1 MILLION.FULL REVALUATION OF REAL ESTATE PORTFOLIO AS AT 30 JUNE 2018 LEADS TO VALUATION GAIN OF EUR 230.0 MILLION.FFO FORECAST FOR 2018 FINANCIAL YEAR HAS BEEN RAISED FROM EUR 135-137 MILLION TO EUR 141-143 MILLION.

TAG Immobilien Issues Two Corporate Bonds And Repurchases 2014/2020 Bond

June 11 (Reuters) - TAG Immobilien AG <TEGG.DE>::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%.

TAG Immobilien Hikes 2017 Dividend

Feb 22 (Reuters) - TAG Immobilien AG <TEGG.DE>::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​.

Tag Immobilien expects 2018 FFO of 135-137 mln eur​

Nov 7 (Reuters) - Tag Immobilien <TEGG.DE>: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)​.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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