Germany's TAG Immobilien 2025 adjusted EBITDA rises on rental business strength

TAG Immobilien AG

18/03/2026 06:14

Overview

Germany residential landlord's 2025 FFO I up 3% yr/yr

Adjusted EBITDA from rental business rose 4% yr/yr

Company completed major acquisitions in Germany and Poland, supporting future growth

Outlook

TAG Immobilien confirms 2026 FFO I guidance at EUR 187–197 mln, up about 6%

Company expects 2026 profit on sales in Poland of EUR 92–98 mln, up about 40%

TAG Immobilien sees 2026 FFO II at EUR 279–295 mln, up about 16%

Result Drivers

GERMANY RENTAL BUSINESS - Lower vacancy rates and stable like-for-like rental growth supported rental income and EBITDA in Germany

POLAND RENTAL AND SALES - Higher rental growth and lower vacancy in Poland, along with higher sales prices and improved gross margins, drove results

PORTFOLIO VALUATION GAINS - Value increases in German and Polish portfolios contributed to higher EPRA NTA per share

Company press release: ID:nEQ6MGKSVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
EUR 90.30 mln
FY Adjusted EBITDA
EUR 333.1 mln
FY FFO
EUR 181 mln
FY FFO Per Share
EUR 1


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for TAG Immobilien AG is €18.00, about 30.7% above its March 17 closing price of €13.77

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)