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TEG - TAG Immobilien AG News Story

€24.78 -0.3  -1.0%

Last Trade - 24/02/20

Sector
Financials
Size
Large Cap
Market Cap £3.06bn
Enterprise Value £5.06bn
Revenue £344.2m
Position in Universe 224th / 1050

BRIEF-Tag Immobilien Sees 168-170 million euro FFO in 2020

Wed 30th October, 2019 6:10am
Oct 30 (Reuters) - TAG Immobilien AG  TEGG.DE :
    * DGAP-NEWS: TAG IMMOBILIEN AG ACHIEVES ANOTHER INCREASE IN
QUARTERLY EARNINGS AND FORECASTS 9% INCREASE IN FFO AND DIVIDEND
FOR 2020
    * 9M NET PROFIT 267.9 MILLION EUR VERSUS 248.6 MILLION EUR
YEAR
AGO
    * DGAP-NEWS: TAG IMMOBILIEN AG ACHIEVES ANOTHER INCREASE IN
QUARTERLY EARNINGS AND FORECASTS 9% INCREASE IN FFO AND DIVIDEND
FOR 2020
    * FFO RISES TO EUR 41.2M IN Q3 2019 AFTER EUR 40.8M IN
PREVIOUS
QUARTER AND EUR 37.5M IN Q3 2018
    * DIVIDEND FORECAST FOR 2020: EUR 0.87 PER SHARE
    * NET RENTAL INCOME INCREASED TO EUR 64.9M IN Q3 OF 2019
FROM EUR
64.4M IN Q2 2019 DUE TO SLIGHTLY LOWER EXPENSES FROM PROPERTY
MANAGEMENT IN Q3 OF 2019
    * SEES FFO 2020: EUR 168M-170M
    * SEES FFO PER SHARE 2020: EUR 1.15
    * FORECAST FOR 2019 FINANCIAL YEAR REMAINS UNCHANGED

Source text for Eikon:  urn:newsml:reuters.com:*:nEQ6XDCxFa
Further company coverage:  TEGG.DE 

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