Brief: Tag Immobilien Reports FFO I Of EUR 49.1 Mln In Q3, Up by 7%

TAG Immobilien AG

21/11/2022 18:41

Nov 21 (Reuters) - Tag Immobilien Ag  TEGG.DE :
    * EQS-NEWS: STRONG OPERATIONAL BUSINESS PERFORMANCE IN 9M
2022;
EXTENSIVE REFINANCING MEASURES COMPLETED; DIVIDEND FOR 2022 TO
BE SUSPENDED TO STRENGTHEN CAPITAL AND FINANCING BASE
    * FFO I OF EUR 49.1M IN Q3 2022 AND OF EUR 145.3M AS OF 30
SEPTEMBER 2022 (+7% AND +6% YEAR-ON-YEAR, RESPECTIVELY)
    * TAG IMMOBILIEN- FFO I AND FFO II GUIDANCE FOR 2022
CONFIRMED,
FULL-YEAR FORECASTS FOR DEVELOPMENT OF VACANCY AND GROWTH IN
RENTS ALREADY EXCEEDED IN Q3
    * NEW GUIDANCE FOR 2023: FFO I OF EUR 170-174M AND FFO II OF
EUR
240-246M
    * FOR 2023, WE EXPECT A YEAR-ON-YEAR REDUCTION IN FFO I
    * IN MEDIUM TERM, IN 2024 AND 2025, WE DO NOT EXPECT ANY
FURTHER
REDUCTIONS IN FFO I

Source text for Eikon:  ID:nEQ6KXKz8a 
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