HAMBURG (dpa-AFX) - TAG Immobilien benefited from continued high demand for housing in the first nine months of the year. The real estate group is more optimistic about the current year and expects even higher operating profit for the coming year. "We are seeing consistently positive developments in both the rental and sales businesses in Poland," said co-CEO Claudia Hoyer on Tuesday when presenting the figures. The German portfolio has been showing value growth again since mid-2024. For this reason, the group will continue to look for opportunities in Germany in addition to its investments in Poland.
For 2025, the Hamburg-based company is now targeting an operating profit (FFO1) of €174 million to €179 million. Previously, TAG had planned for €172 million to €176 million. In 2026, the real estate group aims to increase its operating profit to €187 million to €197 million. In addition, the dividend is expected to increase by around 30 percent in 2026 due to the planned increase in the payout ratio.
In the first nine months of the current year, operating profit rose by around four percent year-on-year to €135.8 million, despite real estate sales in Germany, as the MDax-listed company further announced. Higher rental income in Germany was the main contributor to the increase. Net rental income rose by a total of 3.3 percent to just over €277 million. The bottom line was a profit of over €306 million, compared with €30.2 million in the same period last year.
