TAG Immobilien's Q1 like-for-like rental growth in Germany at 3.3%

TAG Immobilien AG

12/05/2026 06:06

Overview

Germany residential landlord's Q1 FFO I rose 10% yr/yr, driven by rental growth

Q1 FFO II increased 23% yr/yr, supported by higher sales income in Poland

Company confirmed 2026 guidance and expects positive portfolio valuation trend

Outlook

TAG Immobilien confirms 2026 FFO I guidance at EUR 187–197 mln

Company maintains 2026 net income from sales Poland forecast at EUR 92–98 mln

TAG Immobilien expects 2026 FFO II of EUR 279–295 mln

Result Drivers

RENTAL GROWTH - Like-for-like rental growth in Germany (3.3% p.a.) and Poland (3.2% p.a.) drove higher rental income and FFO I

POLAND SALES - Higher net income from apartment sales in Poland, with 658 units sold, boosted FFO II

PORTFOLIO EXPANSION - Acquisition of c. 5,300 rental units in Poland expected to support further growth, per management

Company press release: ID:nEQ8wd7Qsa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 FFO I
EUR 49.3 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "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 21.6% above its May 11 closing price of €14.80

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(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.)