Brief: TAG Immobilien H1 Rental Growth In Germany Rises To 2.7%

TAG Immobilien AG

13/08/2024 05:58

Aug 13 (Reuters) - TAG IMMOBILIEN AG  TEGG.DE :
    * STABLE RENTAL RESULTS, INCREASED SALES RESULTS IN H1 2024;
ANNUAL GUIDANCE FULLY CONFIRMED
    * H1 RENTAL GROWTH IN GERMANY RISES TO 2.7% (FINANCIAL YEAR
2023:
2.3%)
    * RENTAL INCOME (FFO I) OF EUR 88.1M IN H1 2024 AT PREVIOUS
YEAR'S
LEVEL (EUR 89.1M) DESPITE PROPERTY SALES IN GERMANY
    * H1 SALES RESULT IN POLAND INCREASES TO EUR 34.1M IN H1
2024 (H1
2023: EUR 23.2M)
    * AROUND 880 RESIDENTIAL UNITS IN GERMANY SOLD IN H1 2024;
NET
CASH PROCEEDS OF EUR 66.2M EXPECTED
    * ANNUAL GUIDANCE FULLY CONFIRMED

Source text for Eikon:  ID:nEQ12gQmra 
Further company coverage:  TEGG.DE 

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