TAG Immobilien AG reports profit in fiscal 2024, plans a dividend payment of 0.40 euros per share

From Nasdaq: 2025-03-25 03:39:00

German property company TAG Immobilien AG reported a profit for fiscal 2024, with a consolidated net profit of 122.1 million euros compared to a loss of 410.9 million euros last year. FFO I was 175.1 million euros, exceeding guidance. FFO II declined to 239.4 million euros. Rental income rose to 360.2 million euros, while adjusted EBITDA declined to 315.1 million euros. For fiscal 2025, FFO I is expected between 172 million euros and 176 million euros, and FFO II between 233 million euros and 243 million euros. The company plans to propose a dividend payment of 0.40 euro per share for fiscal 2024.



Read more at Nasdaq: TAG Immobilien Swings Annual Profit; Resumes Dividend