TAG Immobilien Soars with Rising Q1 2024 Rentals & Sales; LTV Nears 45.6% Target

• TAG Immobilien AG reports rising rental and sales results in Q1 2024, with the loan-to-value (LTV) ratio close to target at 45.6%.
• The result from the rental business (FFO I) increased to EUR 44.6m, a 5% increase from EUR 42.6m in Q1 2023.
• Sales result in Poland increased by EUR 11.0m to EUR 19.8m compared to EUR 8.8m in Q1 2023.
• Approximately 780 residential units have been sold in Germany since the beginning of the year until May 2024, expected to result in net cash proceeds of around EUR 59.0m.
• The company confirmed all guidance for the financial year 2024.
• TAG Immobilien AG continues to improve the climate efficiency of its German portfolio and has received awards for its social commitment.

The next important date, Publication of quarterly financial report (as of Q1), at TAG Immobilien is on 14.05.2024.

The price of TAG Immobilien at the time of the news was 13,825EUR and did not change compared to the previous day.
22 minutes after the article was published, the price was 13,900EUR this corresponds to a plus of +0,54 % since publication.
At this time, the index MDAX was at 26.808,84PKT (+0,12 %).

TAG Immobilien

+0,39 %

-2,61 %

+11,33 %

+22,50 %

+87,79 %

-43,92 %

-32,28 %

+53,29 %

+956,18 %

ISIN:DE0008303504WKN:830350

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