Aug 13, 2024 / NTS GMT
Martin Thiel - TAG Immobilien AG - Chief Financial Officer, Member of the Management Board
Yeah, good morning, all, and many thanks for dialing in. This is Martin from TAG. Very happy to guide you through our half-year results. So we try to make it quite condensed and short so that we have enough time for Q&A afterwards. Let's start on page number four, which summarizes the highlights of the first-half in 2024. Looking at our results, FFO I came in at EUR88.1 million. That's nearly exactly the level that we had last year, despite the disposals we made in the German portfolio during the financial year 2023, which are now effective in full, and also to a certain part in the first-half of 2024.
Our contribution to this very stable letting result was an increased like-for-like rental growth in the Polish -- in the German portfolio of 2.7%, that compares to 2.3% in the previous year. So a clear stronger like-for-like rental growth so far this year. And also the vacancy rate developed very well. We stand now at 4.2% at the end of the first-half, and that compares to 4.7% one year ago.
Also in
Q2 2024 TAG Immobilien AG Earnings Call Transcript
Aug 13, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers