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TAG Immobilien AG (TEGG.DE)

TEGG.DE on Xetra

16 Feb 2018
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€0.16 (+1.07%)
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Latest Key Developments (Source: Significant Developments)

Tag Immobilien expects 2018 FFO of 135-137 mln eur​
Tuesday, 7 Nov 2017 01:00am EST 

Nov 7 (Reuters) - Tag Immobilien :Reports strong results in Q3 2017 - FFO forecast to increase by 13% to eur 135-137 million (eur 0.93 per share) and in dividend by 11% to eur 0.70 per share in 2018.Says ‍FFO I of eur 33.9 million in Q3 / eur 93.2 million in first nine months of 2017​.Says ‍like-for-like rental growth at 3.0% p.a. including effects from vacancy reduction​.Says ‍in q3 of 2017, Tag generated funds from operations (FFO I not including net revenue from sales) of eur 33.9 million​.Says ‍FFO 2018: eur 135-137 million (guidance 2017: eur 119-121 million)​.Says ‍FFO per share 2018: eur 0.93 (guidance 2017: eur 0.82)​.Says ‍dividend per share for 2018: eur 0.70 (guidance for 2017: eur 0.62)​.  Full Article

TAG Immobilien successfully places EUR 262 mln convertible bonds
Wednesday, 23 Aug 2017 09:55am EDT 


TAG Immobilien issues 277 mln eur convertible bond
Wednesday, 23 Aug 2017 01:46am EDT 

Aug 23 (Reuters) - Tag Immobilien Ag :dgap-adhoc: tag immobilien ag to issue convertible bonds and simultaneously invite holders of its eur 310 million 5.125% outstanding senior unsecured notes due 2018 (isin: xs0954227210) to offer their notes for purchase for cash.Says bonds with an aggregated nominal amount of up to eur 277 million and a denomination of eur 100,000 per bond will be convertible into up to 14.6 million newly issued or existing tag bearer shares with no par value ( "ordinary shares") or may be repaid in cash.Says bonds will be issued and redeemed at 100% of their principal amount. Initial conversion premium will be between 30% and 35% above reference share price.Says settlement is expected to take place on or around september 1, 2017.Says net proceeds raised from issue of bonds will be used for general corporate purposes including refinancing of existing indebtedness of company.  Full Article

TAG Immobilien raises profit forecast and dividend guidance
Thursday, 10 Aug 2017 12:50am EDT 

Aug 10 (Reuters) - TAG Immobilien AG :Raises FFO and dividend forecast for 2017 financial year following strong H1 operating performance, acquires further properties.Dividend forecast for 2017 financial year raised to eur 0.62 per share.FFO of eur 30.9m in Q2 and eur 59.4m in first half of 2017.New full-year forecast of eur 119-121m (previously eur 110-112m) or eur 0.82 per share.Dividend forecast for 2017 financial year raised to eur 0.62 per share.Vacancy in group's residential units falls to 5.5% at june 30, 2017 after 6.1% at beginning of year.H1 like-for-like rental growth at 3.3% including effects of vacancy reduction.Early refinancing of bank loans with a nominal value totalling eur 560.7m.  Full Article

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

BRIEF-Tag Immobilien expects 2018 FFO of 135-137 mln eur​

* Reports strong results in Q3 2017 - FFO forecast to increase by 13% to eur 135-137 million (eur 0.93 per share) and in dividend by 11% to eur 0.70 per share in 2018