Q3 2021 TAG Immobilien AG Earnings Call Transcript
Dear ladies and gentlemen, welcome to the conference call of TAG Immobilien AG regarding the publication of the interim statement Q3 2021. At our customers' request, this conference will be recorded. (Operator Instructions) May I now hand you over to Martin Thiel, CFO, who will lead you through this conference. Please go ahead, sir.
Yes. Many thanks, and good morning, everyone. This is Martin from TEG. Many thanks for dialing in, in today's conference call for the third quarter results. And we will go through the results quite briefly of the first 9 months in the third quarter, and then, of course, discuss our guidance for the financial year 2022 that we have issued today. Let's start on Page #4 of the presentation, which is also available in our website if you want to download it.
Page 4 shows the highlights for the third quarter and the first 9 months of 2021. Looking at the operational performance of the German portfolio, vacancy was slightly reduced from 5.8% in the previous
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