TAG Immobilien AG (LTS:0JK4)
€ 15.36 -0.095 (-0.61%) Market Cap: 2.67 Bil Enterprise Value: 5.70 Bil PE Ratio: 0 PB Ratio: 0.98 GF Score: 65/100
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Q1 2022 TAG Immobilien AG Earnings Call Transcript

May 24, 2022 / 08:00AM GMT
Release Date Price: €16.1 (-14.06%)
Operator

Dear ladies and gentlemen, welcome to the conference call of TAG Immobilien AG regarding the publication of the interim statement Q1 2022. At our customers' request, this conference will be recorded. (Operator Instructions)

I may now hand you over to Martin Thiel, CFO, who will lead you for this conference. Please go ahead.

Martin Thiel
TAG Immobilien AG - CFO & Member of Management Board

Yes. I mean, thanks, and good morning, everyone. This is Martin from TAG. Many thanks for dialing in for our Q1 2022 conference call. As always, we will go together with you through the presentation, try to make it comprehensive. And of course, after that, we have enough time to discuss and to answer your questions.

Let's start with Page #4, which is the highlights slide and start with the operational development in Germany. Looking at the vacancy development in the first quarter. Well, first of all, we saw something that we've seen also in the past, that means a slight increase in the vacancy rates in our residential units, in this case, slightly up by

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