Brief: Tag Immobilien AG: All Guidance For Financial Year 2024 Confirmed

TAG Immobilien AG

14/05/2024 06:02

May 14 (Reuters) - TAG Immobilien AG  TEGG.DE :
    * TAG IMMOBILIEN AG: RISING RENTAL AND SALES RESULTS IN Q1
2024;
LTV ALREADY CLOSE TO TARGET AT 45.6%
    * ALL GUIDANCE FOR FINANCIAL YEAR 2024 CONFIRMED
    * RESULT FROM RENTAL BUSINESS (FFO I) INCREASES TO EUR 44.6M
AFTER
EUR 42.6M IN Q1 2023 (+5%)
    * SALES RESULT IN POLAND UP BY EUR 11.0M TO EUR 19.8M
COMPARED TO
EUR 8.8M IN Q1 2023 
    * ALL GUIDANCE FOR FINANCIAL YEAR 2024 CONFIRMED
    * SALES RESULT IN POLAND UP BY EUR 11.0M TO EUR 19.8M
COMPARED TO
EUR 8.8M IN Q1 2023
    * LTV DECLINES TO 45.6% FROM 47.0% AT 31 DECEMBER 2023;
OTHER
FINANCING KPIS REMAIN AT EXCELLENT LEVELS
    * ALL GUIDANCE FOR FINANCIAL YEAR 2024 CONFIRMED
    * CONSOLIDATED NET INCOME INCREASED TO EUR 52.9M IN Q1 2024
FROM
EUR 33.1M IN Q1 2023 (+60%) THANKS TO GOOD OPERATING RESULTS

Source text for Eikon:  ID:nEQ8VHmwra 
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