TAG Immobilien reported a remarkable turnaround in the first half of 2025, posting a net profit of €151.1 million—a stark contrast to the €7.1 million loss in the same period last year. The surge was driven by a significant revaluation of its property portfolio, particularly in Germany and Poland. Operationally, FFO I (Funds From Operations) rose 4% to €91.6 million, supported by a 3.4% increase in rental income to €184.2 million. Germany’s real estate market showed resilience, with property values climbing 1.4% and rental growth holding steady at 2.9%. Meanwhile, Poland emerged as a key growth driver, with portfolio values soaring due to a 40–60% rise in sale prices over recent years.
Market Confidence Rises
Despite a 12% dip in FFO II (which includes sales results) due to delayed property handovers in Poland, investor sentiment remained positive. TAG’s stock gained 0.9%, closing at €15.14, as the company reaffirmed its full-year FFO I guidance of €172–176 million. Analysts praised the robust operational performance, noting improved debt metrics and a Moody’s rating upgrade to "positive." With plans to expand its Polish rental portfolio to 20,000 units, TAG remains well-positioned for long-term growth.
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