TAG Immobilien

Company posts

Significant increase in earnings as at 30 September 2026: FFO I forecast raised for 2026; first-ever forecast for 2027 indicates further growth; debt ratio remains low

TAG Immobilien increased its FFO I by 12 per cent to EUR 152.7 million in the first nine months of 2026. The forecast for 2026 has been raised to EUR 195–200 million; for 2027, FFO I is expected to reach EUR 200–210 million for the first time. Following the ROBYG IPO, the LTV fell to 42.6 per cent; a EUR 470 million convertible bond was repaid.

Dynamics

Strong growth in results in the first half of 2026; FFO I for 2026 expected at the upper end of the forecast range

TAG Immobilien increases FFO I to EUR 100.2 million (+9%) in the first half of 2026 and expects the upper end of the forecast range for 2026. FFO II climbs to EUR 118.6 million (+11%); the ROBYG IPO raises EUR 282 million and lowers the pro forma LTV to approx. 42.2%.

Dynamics

Further rating upgrade: S&P Global raises TAG's rating to "BBB" after Moody's upgrade to "Baa2" in May

S&P Global raises the long-term rating of TAG Immobilien AG to "BBB" (outlook stable) and the short-term rating to "A-2". Back in May, Moody's upgraded it to "Baa2" and "P-2". This is based on stronger key figures following the ROBYG IPO with an inflow of around EUR 295 million.

Dynamics

TAG Immobilien AG: IPO of Polish subsidiary ROBYG: successful share placement

TAG Immobilien set the placement price at PLN 34 per share for the IPO of its Polish subsidiary ROBYG and sold 25 million shares. Around PLN 850 million is expected for TAG and around PLN 400 million for ROBYG; total approx. PLN 1.25 billion initial listing on 2 July 2026, TAG holds approx. 66%.

Dynamics

TAG Immobilien AG: 25.6% of shareholders opt for the scrip dividend

25.6% of TAG shareholders voted for the scrip dividend. As a result, 1,293,399 new shares will be issued; the total number increases by 0.7% to 190,328,340. The new shares are scheduled to be listed on the stock exchange and the cash dividend is to be paid out on June 24, 2026.

Dynamics

Approval by the antitrust authority for the acquisition of a portfolio of rental apartments in Poland

The Polish antitrust authority has cleared the acquisition of around 5,300 rental apartments by TAG Immobilien AG via its subsidiary Vantage Development S.A. from R4R Poland – without conditions. The closing is expected within the next two weeks on the basis of approval.

Deals

TAG Immobilien AG with a successful start to 2026; Operationally strong development continues

TAG Immobilien AG has made a very successful start to the 2026 financial year: FFO I rises by 10%, FFO II by 23%. Strong rental growth in Germany and Poland as well as significantly improved sales result in Poland. Key financial figures robust, outlook for 2026 confirmed.

Dynamics

TAG Immobilien AG exceeds forecasts for the 2025 financial year

TAG Immobilien AG exceeded its own forecasts in the 2025 financial year and reported significant growth. FFO I and FFO II exceeded expectations, supported by important acquisitions in Germany and Poland. CO₂ emissions were reduced significantly above plan.

Dynamics

TAG signs agreement to acquire an extensive portfolio of rental apartments in Poland

Signing of an agreement to acquire approx. 5,300 new-build apartments for a purchase price of PLN 2,405 million (approx. EUR 565 million)

Deals Real Estate