German landlord TAG swings to loss amid property crisis

TAG Immobilien AG

12/03/2024 06:00

FRANKFURT, March 12 (Reuters) - TAG Immobilien
 TEGG.DE , one of Germany's biggest listed landlords, swung to a
$449 million loss in 2023 as Europe's largest economy goes
through its worst real-estate crisis in decades, figures on
Tuesday showed.
    Its loss for the year was 410.9 million euros ($449.4
million), compared with profit of 117.3 million euros in 2022. 

($1 = 0.9144 euros)

 (Reporting by Tom Sims; editing by Bartosz Dabrowski)
 ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))