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Last €11.79 EUR
Change Today -0.028 / -0.24%
Volume 180.3K
TEG On Other Exchanges
Symbol
Exchange
OTC US
Xetra
As of 3:35 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

tag immobilien ag (TEG) Snapshot

Open
€11.86
Previous Close
€11.82
Day High
€11.98
Day Low
€11.79
52 Week High
03/30/15 - €13.09
52 Week Low
08/19/14 - €8.65
Market Cap
1.6B
Average Volume 10 Days
407.7K
EPS TTM
€0.45
Shares Outstanding
133.3M
EX-Date
06/22/15
P/E TM
26.0x
Dividend
€0.50
Dividend Yield
2.97%
Current Stock Chart for TAG IMMOBILIEN AG (TEG)

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tag immobilien ag (TEG) Related Businessweek News

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tag immobilien ag (TEG) Details

TAG Immobilien AG acquires, develops, and manages residential real estate properties in Germany. The company acquires, rents, and manages residential properties in the regions, such as Hamburg, Berlin, Munich, Thuriniga/Saxony, Salzgitter, and North Rhine-Westphalia. It also operates serviced apartments. The company was formerly known as TAG Tegernsee Immobilien-und Beteiligungs-Aktiengesellschaft and changed its name to TAG Immobilien AG in September 2008. TAG Immobilien AG was founded in 1882 and is headquartered in Hamburg, Germany.

521 Employees
Last Reported Date: 03/26/15
Founded in 1882

tag immobilien ag (TEG) Top Compensated Officers

Chief Financial Officer and Member of Managem...
Total Annual Compensation: €328.0K
Chief Operating Officer and Member of Managem...
Total Annual Compensation: €384.0K
Chief Legal Officer and Member of Management ...
Total Annual Compensation: €487.0K
Compensation as of Fiscal Year 2014.

tag immobilien ag (TEG) Key Developments

TAG Immobilien AG. Presents at 10th HSBC Real Estate Conference, Mar-19-2015

TAG Immobilien AG. Presents at 10th HSBC Real Estate Conference, Mar-19-2015 . Venue: Hilton Bar, Hochstrabe 4, 60313 Frankfurt/Main, Germany.

Tag Immobilien AG. Proposes Dividend for the Financial Year 2014; Announces Preliminary Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reaffirms Funds from Operations Guidance for 2015

TAG Immobilien AG. announced that it will stick to company's attractive dividend policy, and subject to the approval of the supervisory board will propose a dividend payment to the shareholders of EUR 0.50 per share for the financial year 2014. The company announced preliminary consolidated earnings results for the fourth quarter and full year of 2014. For the year, the group's total rental revenues increased from EUR 251.0 million to EUR 257.4 million at year-end 2014, resulting in increased net rental income of EUR 209.5 million compared to EUR 199.1 million a year ago. At EUR 83.1 million, the Group's earnings before taxes were well above the previous year earnings before taxes of EUR 23.1 million. This increase is mainly due to valuation gains on investment properties totaling EUR 46.8 million as well as the strong proceeds from sales. Net financial loss was EUR 118.0 million, slightly below compared to EUR 105.7 million a year ago, mainly due to prepayment penalties of EUR 10.4 million for bank financing of the residential real estate sold at year-end. Funds from Operations was EUR 74.5 million or EUR 0.63 per share. Year-end sales of residential properties led to net inflow of cash of approximately EUR 115 million, and book profits of EUR 43.1 million. For the fourth quarter of 2014, the group's net income was EUR 29.0 million compared to EUR 27.0 million a year ago. Non-cash deferred tax expenses of EUR 54.1 million had a negative impact on results. For the fiscal 2015, the company reaffirmed FFO guidance of between EUR 0.67 and EUR 0.69 per share.

TAG Immobilien AG. Seeks Acquisitions

TAG Immobilien AG. (DB:TEG) said that the company still has €65 million of available liquidity that can be used for further acquisitions after the acquisition of 3,150 residential units.

 

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TEG:GR €11.79 EUR -0.028

TEG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Conwert Immobilien Invest SE €11.40 EUR +0.085
GAGFAH SA €19.50 EUR 0.00
Grand City Properties SA €16.68 EUR -0.05
GSW Immobilien AG €56.67 EUR -0.001
LEG Immobilien AG €72.71 EUR +0.138
View Industry Companies
 

Industry Analysis

TEG

Industry Average

Valuation TEG Industry Range
Price/Earnings 22.1x
Price/Sales 2.4x
Price/Book 1.3x
Price/Cash Flow 51.9x
TEV/Sales NM Not Meaningful
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