TAG Immobilien AG (FRA:TEG)
€ 14.05 0.34 (2.48%) Market Cap: 2.43 Bil Enterprise Value: 5.62 Bil PE Ratio: 0 PB Ratio: 0.83 GF Score: 71/100
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Q3 2019 TAG Immobilien AG Earnings Call Transcript

Oct 30, 2019 / 09:00AM GMT
Release Date Price: €20.59 (+1.41%)
Operator

Good morning, ladies and gentlemen, and welcome to the TAG Immobilien AG Conference Call Interim Statement on the Third Quarter of 2019. (Operator Instructions) Let me now turn the floor over to your host, Martin Thiel.

Martin Thiel
TAG Immobilien AG - CFO & Member of Management Board

Yes. Many thanks, and good morning, everyone. This is Martin from TAG, and many thanks for dialing in to our Q3 earnings call. And today we will discuss not only the figures for the first 9 months of 2019 but also the new FFO and dividend guidance that we published together with this Q3 results.

And as always, we will go through the presentation that is also available on our website and visible also via the webcast, and of course, afterwards, we have enough time to answer your questions.

So let's start with Page #4. That's the highlights slide showing the main developments in the third quarter of 2019. Looking at vacancy and like-for-like rental growth and the development is definitely positive, especially on the vacancy side, we had good progress since

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