EQS-News

TTL Beteiligungs- und Grundbesitz-AG: TTL publishes 2023 half-year results

EQS-News: TTL Beteiligungs- und Grundbesitz-AG / Key word(s): Half Year Report/Half Year Results TTL Beteiligungs- und Grundbesitz-AG: TTL publishes 2023 half-year results 11.08.2023 / 21:00 CET/CEST The issuer is solely responsible for the content of this announcement. Munich, 11.08.2023

TTL publishes 2023 half-year results

TTL Beteiligungs- und Grundbesitz-AG ("TTL", "TTL AG") (ISIN DE0007501009) today published its results for the first half of 2023. These primarily reflect the difficult market environment in the real estate investment market. Rising interest rates and the difficult overall political environment made pricing on the real estate markets more difficult and led to a strong restraint on the part of investors. As a result, the volume of transactions declined massively, which also affected TTL's portfolio companies.

Despite the difficult market environment, Montano Real Estate GmbH ("Montano") nevertheless recorded important transaction successes in the first half of 2023 and showed solid operational development. In addition to purchase agreements worth EUR 212 million, Montano expanded its logistics portfolio and added the "Public Social Infrastructure" investment segment to its Public Sector division – a segment with great potential. In addition to further developing its asset classes, Montano successfully concluded lease agreements for 22,000 square meters and completed the sale of the Eschborn KÖ-CAMPUS at the beginning of July. This is the largest transaction on the Frankfurt investment market so far this year. The special quality of Montano is also reflected in the fact that it is represented with two transactions in the "Thomas Daily Top 20" of the first half of the year: with the Eschborn KÖ-CAMPUS and the “Haus des Lebenslangen Lernens” in Dreieich. Despite its strong operating performance, Montano was not immune to the effects of the difficult market environment. Its earnings for the first half of 2023 were therefore lower than planned at the beginning of the year.