TAG Immobilien AG

TAG Immobilien AG

11.12
EUR
-0.17
(-1.51%)
0.28EPS
47.31P/E
2.64BMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.52
3.87
3.56
2.39
3.5
3.46
3.25
4.45
3.68
6.01
7.58
6.17
5.36
5.2
Basic EPS, GAAP
0.2
0.18
1.13
1.42
2.04
3.14
2.91
2.57
3.43
0.71
-2.26
0.69
0.52
0.29
Free Cash Flow per Basic Share
0.49
0.57
0.59
0.69
0.75
1
0.94
1.57
0.92
0.79
1.62
0.74
1.18
0.92
Dividend per Share
0.24
0.34
0.47
0.51
0.55
0.62
0.72
0.78
0.77
0.86
- -
- -
0.3
- -
Book Value per Share
7.87
7.68
8.26
9.06
10.6
13.09
15.29
16.99
19.83
18.23
16.44
17.21
17.26
17.28
Tangible Book Value per Share
7.83
7.65
8.24
9.05
10.59
13.09
15.27
16.84
19.68
16.71
14.81
15.56
15.71
15.77
Basic Weighted Avg Shares
137
135
129
142
153
153
153
153
166
159
175
175
181
187
Sales/Revenue/Turnover
345
522
459
340
534
529
498
681
612
955
1,330
1,083
967
974
Operating Margin (%)
40.51
34.47
37.45
50.84
35.81
40.16
43.09
38.03
36.6
25.5
21.47
26.37
30.4
32.19
Depreciation Expense
2
3
4
3
5
4
7
7
9
11
12
13
14
14
Net Income, GAAP
28
24
145
201
311
481
446
394
570
113
-397
121
93
55
Effective Tax Rate (%)
- -
44.03
15.83
18.65
20.89
9.96
16.62
15.45
18.45
18.67
- -
- -
78.91
86.35
Profit Margin (%)
8.12
4.53
31.63
59.25
58.29
90.84
89.53
57.77
93.2
11.84
-29.85
11.18
9.65
5.64
Working Capital
-69
103
-130
-95
-31
-83
47
108
56
-15
-297
67
527
-229
LT Debt
2,250
2,303
2,137
2,111
2,239
2,241
2,409
2,818
2,947
3,057
2,465
2,693
2,970
2,870
Total Equity
1,127
1,005
1,121
1,366
1,647
2,048
2,394
2,682
3,130
3,308
2,964
3,100
3,322
3,369
Return on Invested Capital (%)
- -
2.73
4.16
3.91
3.69
4.35
3.7
3.99
2.99
2.74
- -
- -
0.83
0.57
Return on Capital (%)
- -
0.71
6.55
7.81
9.62
12.41
10.13
7.99
9.98
2.28
- -
- -
1.62
0.96
Return on Common Equity (%)
2.53
2.32
14.25
16.53
20.9
26.48
20.52
15.92
20.22
3.63
-13.05
4.1
2.97
1.71

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,363
1,290
1,315
LT Borrowings
2,939
2,934
2,870
LT Finance Leases
31
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
189
189
190
Market Capitalization
2,449
2,523
2,639

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,249
2,183
1,524
Cash, Cash Equivalents & STI
1,198
1,120
439
Accounts Receivable, Net
18
41
33
Inventories
715
715
727
Total Current Liabilities
1,722
1,686
1,753
Payables & Accruals
- -
- -
- -
ST Debt
1,363
1,290
1,315
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.95%
4.75%
7.17%
Free Cash Flow
22.47%
16.5%
63.56%
Net Income, GAAP
-51.1%
-127.92%
-22.91%
Sales/Revenue/Turnover
11.69%
11.18%
-10.67%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
268
222
317
277
1,083
2025
227
207
209
325
967
2026
228
212
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
-0.34
0.21
0.52
0.69
2025
0.22
0.64
0.85
-1.1
0.52
2026
0.18
0.4
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
- -

Company Description

CEO
Claudia Hoyer
Full Time Employees
1,922
Sector
Finance
Industry
Real estate development
Address
Steckelhörn 5 Hamburg HA Germany 20457
IPO Date
Dec 14, 2000
Website
tag-ag.com
Business
TAG Immobilien AG is a Germany-based MDAX-listed real estate company focused on the acquisition, development, management and selective sale of residential properties; it operates residential apartments and flats, rents commercial real estate properties, provides caretaker and craftsman services, and supports multimedia services for tenants. The company manages a portfolio of approximately 83,000 properties in Germany across regions including Northern and Eastern Germany such as Berlin, Chemnitz, Dresden, Erfurt, Gera, Hamburg, Leipzig, Rostock and Salzgitter, as well as North Rhine-Westphalia; it also holds around 3,500 completed rental apartments in Poland's six largest cities with additional units under construction, targeting expansion to approximately 10,000 rental units by end-2028. TAG Immobilien AG segments its operations into Rental Germany, Rental Poland encompassing development for future rentals and related services, Sale Poland for apartment sales and development, and Other primarily covering sales in Germany; it serves investors and tenants in improving quality-of-life regions with a business model emphasizing sustainable value creation through operational growth, sales activities and disciplined financing. Founded in 1882 and headquartered in Hamburg, the company changed its name from TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft to TAG Immobilien AG in September 2008. In recent developments, TAG through its Polish subsidiary Vantage Development S.A. signed an agreement in August 2025 to acquire approximately 5,322 rental units in Poland for around EUR 565 million, expanding its Polish portfolio to about 8,700 units with further construction underway; it refinanced this transaction via a EUR 300 million 6.5-year bond issuance, a capital increase generating EUR 186 million gross proceeds, and a tap issue of EUR 102 million on its 2025/2031 convertible bonds, avoiding use of a EUR 600 million bridge facility from Bank of America and Société Générale; rating agencies Moody's and S&P Global affirmed investment-grade ratings (Baa3 and BBB-) with positive outlooks following these measures, supporting plans for an increased dividend payout ratio from 2026 amid strong H1 2025 performance including FFO I growth, EPRA NTA gains and LTV reduction.

Company News

  • TAG Immobilien AG (TAGOF) Q2 2026 Earnings Call Transcript

  • TAG Immobilien Q2 Earnings Call Highlights

  • Short Interest in TAG Immobilien AG (OTCMKTS:TAGOF) Drops By 22.4%

  • TAG Immobilien AG (TAGOF) Q4 2025 Earnings Call Transcript

  • TAG Immobilien AG (OTCMKTS:TAGOF) Sees Significant Increase in Short Interest

  • Third Avenue International Real Estate Value Fund Q4 2025 Activity

  • TAG Immobilien AG (TAGOF) Q3 2025 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q2 2025 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q1 2025 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q4 2024 Earnings Call Transcript

  • TAG Immobilien: There Is Better Value Elsewhere In The German Residential Sector

  • TAG Immobilien AG (TAGOF) Q3 2024 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q2 2024 Earnings Call Transcript

  • TAG Immobilien: Not Attractive Enough Following Q2 Earnings

  • TAG Immobilien AG (TAGOF) Q1 2024 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q4 2023 Earnings Call Transcript

  • TAG Immobilien AG (TAGOF) Q3 2023 Earnings Call Transcript

  • TAG Immobilien: Liquidity Improvement Makes It An Interesting Cyclical Play

  • TAG Immobilien: Liquidity Concerns Makes Me Wary

  • TAG Immobilien AG (TAGOF) Q1 2023 Earnings Call Transcript