Half Year 2020 TAG Immobilien AG Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of TAG Immobilien AG. At our customer's request this call will be recorded. (Operator Instructions)
May I now hand you over to Martin Thiel, who will lead you through this conference. Please go ahead.
Many thanks, and good morning, everybody. This is Martin from TAG. Many thanks for dialing in into our H1 2020 conference call.
We will go through the presentation. And of course, I will report on our H1 2020 numbers and then, of course, also say some words on the transaction that we announced this morning and that you have probably seen, which is the issuance of a new convertible bond and a partial repurchase of an outstanding convertible bond. But that starts with the H1 figures and are now on Page 4 of the presentation, which is the highlights slide.
Looking at the operational performance in the German portfolio. Vacancy rates were broadly stable, a slight increase between the end of the second quarter and
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