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TAG Immobilien AG (TEGG.DE)

TEGG.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

TAG Immobilien Q1 FFO rises quarter-on-quarter
Thursday, 4 May 2017 12:50am EDT 

May 4 (Reuters) - TAG Immobilien AG :Says starts the 2017 financial year with increased FFO of eur 28.5m and new acquisitions.Says FFO for Q1 2017 rises to eur 28.5m or eur 0.20 per share, after eur 27.0m and eur 0.19 per share in Q4 2016.Purchase of c. 2,700 residential units in Q1 of 2017, closing scheduled for end of Q2.Vacancy in residential units of portfolio drops to below 6% for first time; 5.9% in March 2017.NAV per share rises to eur 11.73 (31 december 2016: eur 11.53).Dividend payment of eur 0.57 per share for 2016 scheduled for May 2017, dividend per share for 2017 increases to eur 0.60.  Full Article

TAG Immobilien buys around 1,440 residential units in Brandenburg
Monday, 6 Mar 2017 12:59am EST 

Tag Immobilien Ag : dgap-news: tag immobilien ag acquires around 1,440 residential units in city of brandenburg . Purchase price, including transaction costs shouldered by tag, was eur 41.9 million . Portfolio currently generates net rental income of around eur 3.42m, and vacancy is currently at about 19.3% Further company coverage: [TEGG.DE] (Frankfurt Newsroom) ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;)).  Full Article

TAG Immobilien raises 2017 guidance, promises dividend hike
Thursday, 23 Feb 2017 01:00am EST 

TAG Immobilien AG : Says exceeds FFO forecast for 2016 and increases FFO and dividend guidance for 2017 . Proposes dividend of 0.57 eurper share for 2016 . Says dividend forecast for 2017 lifted to eur 0.60 per share . Says FY FFO up by 27 pct to eur 97.0m, or by 16 pct to eur 0.72 per share . Says FFO reaches eur 27.1m in Q4 2016, up from eur 25.0m in previous quarter . Says FFO forecast for financial year 2017 raised to between eur 110m and 112m, or eur 0.77 per share .  Full Article

TAG Immobilien raises FFO forecast after H1 profit gain
Thursday, 11 Aug 2016 01:06am EDT 

Tag Immobilien Ag : TAG Immobilien AG lifts ffo forecast for financial year 2016 . FFO of eur 23.3 m in q2 2016 and eur 44.9 m in h1 2016 . FFO forecast for 2016 financial year can already be increased significantly by around 10% from previously eur 84-85 m to eur 92-93 m .Lifts FFO forecast for financial year 2016.  Full Article

TAG Immobilien beats forecast at Q1 FFO of 21.6 mln eur
Tuesday, 10 May 2016 01:37am EDT 

TAG Immobilien AG : Says FFO of eur 21.6 million . Says like for like rental growth rises to 3.8% p.a. At 31 march 2016 . Says vacancy across total portfolio further reduced from 8.2% at beginning of year to 7.6% in April 2016 . Says NAV per share increased to eur 10.76 . Says dividend payout of eur 0.55 per share planned for June 2016 . Says rental revenue totalled eur 67.7 million in Q1 2016, up from eur 65.9 million in preceding quarter .Reuters poll average for tag immobilien Q1 rental income was 67.1 million eur, FFO 20.6 million eur.  Full Article

TAG Immobilien AG places treasury shares at 3.6 pct discount
Thursday, 17 Mar 2016 02:30am EDT 

TAG Immobilien AG:Private placement of 5,000,000 treasury shares in ABB transaction with discount of 3.6 pct to closing price of 12.09 euros per 16 March 2016​.Gross proceeds to company of about 58.3 million euros.Price of placement shares was set at 11.65 euros per share which represents 3.6 pct discount.  Full Article

TAG Immobilien AG to sell up to 5 million treasury shares
Wednesday, 16 Mar 2016 12:50pm EDT 

TAG Immobilien AG:To sell up to 5 million treasury shares.Intends to use proceeds from placement for general and corporate purposes as well as for potential property acquisitions​.Placement will start immediately and is expected to end before March 17's stock market opening​.  Full Article

TAG Immobilien confirms FY 2016 FFO guidance, FY 2015 and 2016 dividend forecast
Thursday, 25 Feb 2016 01:00am EST 

TAG Immobilien AG:FFO guidance for FY 2016 of around 84.0 million euros to 85.0 million euros confirmed.For the 2015 financial year, an increase in the dividend to 0.55 euros is planned.Says ‍dividend is to be further increased to 0.57 euros per share for 2016 financial year​.  Full Article

TAG Immobilien acquires 1,000 new residential units in Saxony
Monday, 25 Jan 2016 12:00pm EST 

TAG Immobilien AG:Acquires 1,000 new residential units in Saxony - increasing its real estate portfolio to 80,000 units in total.  Full Article

BRIEF-TAG Immobilien Q1 FFO rises quarter-on-quarter

* Says starts the 2017 financial year with increased FFO of eur 28.5m and new acquisitions