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TAG Immobilien AG reports strong operating result, FFO of EUR 15.1 million in Q1/2013 - Seite 2

unchanged vs. year-end 2012. Parallel to this, the real estate volume at
the end of Q1/2013 was EUR 3.56 million. The equity ratio before minorities
is 31.8 percent, and the LTV (loan to value) ratio approximately 57.6
percent, both variables having improved significantly once again compared
to the end of 2012. NAV (net asset value) per share increased slightly from
EUR 9.96 at year-end 2012 to EUR 10.0 at the end of Q1/2013.

The strong operational start to the year puts us well track for achieving
our forecasts of EUR 68 million in FFO and net rental income of EUR 254
million, which are hereby confirmed.

'The first-quarter figures show that our profitability and efficiency
continue to improve on all levels. This increasing operational strength
allows us to increase our dividend. At the upcoming Annual General Meeting
in June, we plan to propose a payout of 25 cents per share - roughly
equivalent to 80% of last year's operating profit last year. In future,
too, we want to continue paying out a large part of our FFO as dividends,
and are aiming for a target payout ratio of approximately three-quarters in
the years ahead,' said Rolf Elgeti, CEO of TAG Immobilien AG.

For details, please refer to the Q3 report to 31 March 2013, published
today, at
http://www.tag-ag.com/investor-relations/finanzberichte/quartalsberichte/.

Press enquiries:
TAG Immobilien AG
Head of Investor & Public Relations
Dominique Mann
Phone [phone]
Fax [phone]
[e-mail]


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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart


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