TAG Immobilien AG : Strong valuation gains in Q2 and more likely to come in Q4 2018e
>2018e FFO I and DPS guidance raised - TAG reported yesterday (09 August) solid Q2 2018 figures, including very strong valuation gains, and raised its 2018 outlook. Rental revenues of € 92.4m (-2% yoy) came in below our € 104m estimate, while net rental income of € 61.3m (+4% yoy) was slightly above our forecast (€ 60.3m) and consensus (€ 60.4m). The company also posted very strong revaluation gains of € 230.6m, well above our estimate of € 101.9m. FFO I stood at € 36...TAG Immobilien is engaged in the acquisition, development and management of residential real estate as well as property sales. Co. operates within two segments: residential and commercial. Co.'s residential property portfolio is concentrated in the regions of Thuringia / Saxony, the greater metropolitan areas of Berlin and Hamburg, and the Salzgitter and North Rhine-Westphalia regions while its commercial portfolio is situated in locations such as Hamburg, Berlin and Munich. As of Dec 31 2013, Co.'s portfolio consisted of 70,587 units and comprised of 4,582,344 sq. m. of floor area.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.