Retrieved on:
Wednesday, March 13, 2024
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Environment Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation
Key Points:
- Operationally successful FY 2023 for TAG; sales results in Poland exceed guidance; significantly increased net liquidity from disposals in Germany; LTV stable despite portfolio devaluation
The issuer is solely responsible for the content of this announcement.
- Based on a comparable portfolio (like-for-like), total rental growth, including the effects from vacancy reduction, was 2.3% (FY 2022: 2.7%) p.a.
- The vacancy rate for these apartments was 2.2% at the end of the year, after 3.9% at the end of 2022.
- The total sales volume of EUR 479.0 m increased significantly in 2023 compared to the previous year (EUR 264.2 m).
Retrieved on:
Wednesday, March 13, 2024
Prognose,
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Retrieved on:
Saturday, December 30, 2023
Transfer,
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Hunting For the first time, TAG received the sBPR Gold Award, the highest possible level, for its sustainability reporting in 2022.
Key Points:
- For the first time, TAG received the sBPR Gold Award, the highest possible level, for its sustainability reporting in 2022.
- In 2023, TAG was also awarded the 'Outstanding Contribution to Society' prize in the social category by EPRA for its special social commitment in various residential neighbourhoods.
- An overview of the current ratings is available on the company website in the Sustainability section ( ESG Rating and Award improvements | TAG Immobilien AG (tag-ag.com) .
- We are therefore particularly pleased that we were able to receive numerous awards for this this year, which confirms our activities."
Retrieved on:
Saturday, December 30, 2023
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Retrieved on:
Wednesday, December 13, 2023
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EUR,
EBITDA TAG confirms based on continuous good operating results all forecasts for FY 2023; stable FFO I performance expected for the 2024 FY; dividend suspension to be proposed to the AGM for 2023 as well
Key Points:
- TAG confirms based on continuous good operating results all forecasts for FY 2023; stable FFO I performance expected for the 2024 FY; dividend suspension to be proposed to the AGM for 2023 as well
The issuer is solely responsible for the content of this announcement.
- Based on a comparable portfolio (like-for-like), rental growth, including the effects of vacancy reduction, of 2.2% (financial year 2022: 2.7%) p.a.
- By the end of September 2023, the rental portfolio comprised around 2,300 apartments, with another c. 1,050 apartments to be completed by mid-2024.
- The expected decline in FFO II is due to the lower sales result forecast in Poland.
Retrieved on:
Tuesday, October 17, 2023
Retrieved on:
Tuesday, October 17, 2023
TAG Immobilien AG repays bridge financing from the acquisition of ROBYG S.A. in full
Key Points:
- TAG Immobilien AG repays bridge financing from the acquisition of ROBYG S.A. in full
The issuer is solely responsible for the content of this announcement.
- TAG Immobilien AG repays bridge financing from the acquisition of ROBYG S.A. in full
The bridge financing taken out to finance the acquisition of ROBYG S.A. was repaid by TAG Immobilien AG ahead of maturity in October 2023.
- The financing was granted by four investment banks in March 2022 and was utilised in the amount of EUR 650m at its peak.
- Martin Thiel, CFO of TAG Immobilien AG: “With the full repayment of the bridge financing we have completed the most important step in our refinancing activities.
Retrieved on:
Tuesday, October 17, 2023
Retrieved on:
Tuesday, October 17, 2023
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Property management TAG Immobilien AG: New members on the Supervisory Board of TAG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future
Key Points:
- TAG Immobilien AG: New members on the Supervisory Board of TAG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future
The issuer is solely responsible for the content of this announcement.
- New members on the Supervisory Board of TAG Immobilien AG; Claudia Hoyer and Martin Thiel to lead the company as Co-CEOs in future
Beate Schulz and Björn Eifler newly elected as employee representatives; women's quota on Supervisory Board thus remains at 33%
Claudia Hoyer and Martin Thiel appointed Co-CEOs; Management Board employment contract with Martin Thiel extended by another five years
By court order dated 9 October 2023, Eckhard Schultz was appointed as a new member of the Supervisory Board of TAG Immobilien AG (TAG).
- It is planned that Eckhard Schultz will chair the Audit Committee within the TAG Supervisory Board in the future.
- Against this background, the two Management Board members were appointed Co-CEOs by the Supervisory Board and the Management Board employment contract with Martin Thiel was extended by a further five years until 31 March 2029.
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EUR TAG Immobilien AG reports good operating rental results and increased sales results in H1 2023; extensive repayments made on financial liabilities
Key Points:
- TAG Immobilien AG reports good operating rental results and increased sales results in H1 2023; extensive repayments made on financial liabilities
The issuer is solely responsible for the content of this announcement.
- Higher financing costs of EUR 9.6m from newly signed or renewed financial liabilities led to this development despite a EUR 4.2m increase in the operating result (adjusted rental EBITDA).
- Despite higher operating results in rentals and sales, group consolidated net profit for H1 2023 was negative at EUR -304.7m (after a net profit of EUR 301.8m in H1 2022).
- This was due to the losses from property valuation of EUR 455.5m recognised in the first half of the year.
