DGAP-News

TAG Immobilien AG is driving forward its operational growth with vacancy reduction and rent increases. At the same time, the successful share buyback has created further value for shareholders. Net Asset Value (NAV) rises to EUR 10.16 per share.

DGAP-News: TAG Immobilien AG / Key word(s): Quarter Results
TAG Immobilien AG is driving forward its operational growth with
vacancy reduction and rent increases. At the same time, the successful
share buyback has created further value for shareholders. Net Asset
Value (NAV) rises to EUR 10.16 per share.

06.11.2014 / 07:30

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PRESS RELEASE

TAG Immobilien AG is driving forward its operational growth with vacancy
reduction and rent increases. At the same time, the successful share
buyback has created further value for shareholders. Net Asset Value (NAV)
rises to EUR 10.16 per share.

Confirmation of FFO forecast based on EUR 0.69 per share for 2014, further
increase expected to between EUR 0.71 and 0.73 per share for the full year
2015.

- Operational business is going according to plan: vacancy reduction and
rent increases across the entire residential portfolio; rental profit
rises disproportionately to rental income

- Strategic focus going forward will be based on total return per share

- Share buyback creates additional shareholder value

- Successful above book-value sale in Berlin-Marzahn in early November
increases future NAV

Hamburg (6 November 2014) - TAG Immobilien AG ('TAG') has ended the third
quarter of 2014 with further operational growth in the portfolio, which
currently includes nearly 75,000 units, thanks to increases in rent and
vacancy reduction. The sale of TAG Gewerbeimmobilien GmbH in late May 2014
completes the company's focus on the residential segment. In the
residential inventory, targeted sales take advantage of attractive
opportunities in the market, and the freed-up funds are being reinvested in
inventories in TAG's core regions that have development potential. At the
same time, the successful share buyback in September and October 2014 has
led to an improvement across all performance indicators. This confirms the
annual forecast for 2014 of FFO I in the amount of EUR 0.69 per share. FFO
I for 2015 is expected to be between EUR 0.71 and 0.73 EUR per share.

Operational indicators:
Total rental income increased to EUR 192.9 m at 30 September 2014 after EUR
188 m in the first nine months of last year. Rental income from the
residential property business increased from EUR 172.4 m last year to EUR
184.4 m. This results in rental profit across the Group of EUR 158.1 m at
30 September 2014, after EUR 149.5 m in the first nine months of last year,
and in the residential property segment EUR 151.2 m after last year's EUR