Brief: Tag Immobilien Outlook FY FFO Eur 175.1 Mln

TAG Immobilien AG

25/03/2025 06:03

March 25 (Reuters) - TAG IMMOBILIEN AG TEGG.DE:

UNDERLINES STRONG OPERATING BUSINESS PERFORMANCE BY EXCEEDING FFO I AND FFO II GUIDANCE FOR 2024, AND EXPECTS FURTHER EARNINGS GROWTH FOLLOWING COMPLETION OF REFINANCING PHASE

OUTLOOK FY FFO EUR 175.1 MILLION

LTV OF 46.9% AS OF 31 DECEMBER 2024 DOWN SLIGHTLY COMPARED TO BEGINNING OF YEAR

COMPLETES REFINANCING PHASE WITH SUCCESSFUL ISSUANCE OF A CONVERTIBLE BOND WITH A TOTAL NOMINAL VALUE OF EUR 332M IN MARCH 2025

ALL GUIDANCE FIGURES FOR 2025 FINANCIAL YEAR, AS PUBLISHED IN NOVEMBER 2024, REMAIN UNCHANGED

PLAN TO PROPOSE A DIVIDEND PAYMENT FOR 2024 FINANCIAL YEAR AT NEXT ANNUAL GENERAL MEETING IN MAY 2025

IT IS TO BE BASED ON A PAY-OUT RATIO OF 40% OF FFO I AND THUS AMOUNTS TO EUR 0.40 PER SHARE

PRELIMINARY FIGURES ANNOUNCED REMAINED UNCHANGED

SHAREHOLDERS WILL HAVE CHOICE BETWEEN A CASH DISTRIBUTION (CASH DIVIDEND) AND NEW TAG SHARES (SCRIP DIVIDEND)

Source text: ID:nEQ9h1fjsa

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