TAG Immobilien AG (XTER:TEG)
€ 15.23 -0.18 (-1.17%) Market Cap: 2.67 Bil Enterprise Value: 5.70 Bil PE Ratio: 0 PB Ratio: 0.88 GF Score: 56/100
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Half Year 2019 TAG Immobilien AG Earnings Call Transcript

Aug 08, 2019 / 08:00AM GMT
Release Date Price: €20.21 (-1.21%)
Operator

Good morning, ladies and gentlemen, and welcome to the TAG Immobilien AG Conference Call Interim Report on the Second Quarter of 2019. (Operator Instructions)

Let me now turn the floor over to your host, Martin Thiel.

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

Yes, thank you very much, and good morning, everybody. This is Martin from TAG. Welcome to our half year 2019 earnings call. Thanks very much for dialing in. I'm sure you all had a chance to download the presentation that we published on our website this morning. Let's go through the presentation, and as always, afterwards, of course, we have enough time to answer your questions.

And then let's start with Page #4 with the highlights slide. Starting with the FFO development, which was, from our point of view, very positive in the second quarter and increased by EUR 1.3 million. If you compare the first half of 2019 with the first half of 2018, this was an increase in absolute terms and on a per share basis of more than 13%. Like-for-like rental growth also

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