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  Shareholders of TAG Immobilien receive more dividend | News | Bit Updates
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Shareholders of TAG Immobilien receive more dividend | News

Thursday, February 22nd, 2018 | bitcoin updates

TAG Immobilien AG (ISIN: DE0008303504) intends to increase the dividend for 2017 from EUR 0.62 in the previous year by 4.8 percent to EUR 0.65 per share, as reported on Thursday. Based on the current market price of 15.05 euros, this corresponds to a current dividend yield of 4.32 percent. The next Annual General Meeting will take place on May 23, 2018 in Hamburg.
The real estate company listed in the MDAX increased its FFO in the 2017 financial year by 31 percent to 127.4 million euros or per share by 21 percent to 0.87 euros. Rental revenues increased from € 275.2 million in the previous year to € 293.0 million in the 2017 financial year. The net asset value (NAV) per share increased to € 13.80 at the end of 2017 after € 11. 85 euros at the end of the previous year. The vacancy rate for the total portfolio was 5.8 percent in December 2017, compared to 6.5 percent at the end of the previous year.
The main business areas of TAG Immobilien AG are the acquisition, development and management of residential real estate, especially in the north and east of Germany. Main locations are the Grorume Hamburg and Berlin, the regions Salzgitter and Thringen / Saxony and North Rhine-Westphalia.
Editorial office MyDividends.de

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