Operational Performance and Financial Data
TAG Immobilien AG is achieving remarkable results in its operational performance. In 2024, the company surpassed the forecasts for FFO I with 175.1 million euros and FFO II with 239.4 million euros. Vacancy rates in Germany fell to 3.6%, while rental growth rose to 3%. In Poland, vacancy rates in the established portfolio dropped to 1.5%. Another highlight is the sales volume in Poland of 358 million euros, which exceeded expectations despite a decline in sales figures.
Financing and Refinancing Strategy
TAG Immobilien AG recently completed a successful refinancing phase supported by the issuance of a bond worth 500 million euros and a convertible bond of 332 million euros. Additionally, the level of indebtedness slightly decreased to 46.9%.
Market and Analyst Assessments
Analyst assessments, particularly from Jefferies, highlight expectations for TAG Immobilien AG with a price target of 16.50 euros. The high demand for housing continues to provide market opportunities, although rising interest rates and construction costs remain challenges.
Share Price Development and Volatility
The stock of TAG Immobilien AG has gained over 9% in value over the past weeks but exhibits high volatility. This can present both opportunities and risks for investors.
Sustainability and ESG Rating
With a strong focus on sustainable practices, TAG Immobilien received a high rating in the ESG assessment from Sustainalytics. This underscores the company’s innovation efforts to reduce its ecological footprint.
Overall, TAG Immobilien AG offers an attractive investment opportunity with stable income and growth potential, although challenges in the real estate sector and stock fluctuations should be considered.