TAG Immobilien AG : Vantage will add momentum to TAG´s growth
>We have updated our model to factor in TAG´s expansion to Poland - We have updated our model, also considering TAG´s expansion to Poland through the acquisition of Vantage Development S.A (Vantage), closed on 13 January 2020. For FY 2020e, we raise our FFO I p/s estimate by 1.2% to € 1.16 (+6.1% y-o-y growth) due to a higher net rental income, driven by TAG´s improving German portfolio. For FY 2021e, we raise our FFO I p/s estimate by 1.4% to € 1.23 (+5.4% y-o-y...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.
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