Full Year 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 annual report 2021. At our customer's request, this conference will be recorded. (Operator Instructions) I now hand you over to Martin Thiel, CFO, who will lead you through this conference. Please go ahead.
Yes. Many thanks, and good morning, all. This is Martin from TAG. Many thanks for dialing in into our full year 2021 conference call. And today, we've got not only prepared for you the numbers for the financial year 2021, but here we also want to discuss with you our new decarbonization strategy that we have published today and also talk a little bit more general about our strategy in Poland and in Germany.
But let's start with Page #4, the highlights slide and it starts always with the operational performance of the German portfolio. Vacancy in our residential units came down by 30 basis points in the fourth quarter. This means we ended the year with 5.4% vacancy rate
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