on TAG Tegernsee Immobilien U. Beteiligungs AG (isin : DE0008303504)
TAG Immobilien AG Exceeds 2024 Financial Targets with Strong Growth in Germany and Poland
TAG Immobilien AG closed 2024 by surpassing its FFO I and FFO II forecasts, driven by impressive operational performance in its German and Polish rental portfolios. The company reported a FFO I of EUR 175.1 million, exceeding the EUR 170-174 million guidance range. Vacancy rates in Germany's rental units decreased to 3.6%, enhancing rental growth to 3.0% annually.
In Poland, TAG's portfolio expanded significantly, achieving a 3.2% rental growth and a notable decline in vacancy rates. Polish sales exceeded expectations, with net income from sales reaching EUR 66.2 million, well above the EUR 46-52 million forecast. Consequently, FFO II rose to EUR 239.4 million, surpassing the expected EUR 217-223 million range.
The company anticipates ongoing earnings growth post-refinancing and aims for sustainable development, adhering to new European Reporting Standards. The FFO II guidance for 2025 is set between EUR 233-243 million.
R. E.
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