Last €9.37 EUR
Change Today -0.029 / -0.31%
Volume 63.2K
TEG On Other Exchanges
Symbol
Exchange
Xetra
OTC US
As of 3:58 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

tag immobilien ag (TEG) Snapshot

Open
€9.39
Previous Close
€9.40
Day High
€9.39
Day Low
€9.32
52 Week High
02/27/14 - €9.74
52 Week Low
11/8/13 - €8.37
Market Cap
1.2B
Average Volume 10 Days
454.1K
EPS TTM
€0.12
Shares Outstanding
131.3M
EX-Date
06/16/14
P/E TM
78.1x
Dividend
€0.35
Dividend Yield
3.74%
Current Stock Chart for TAG IMMOBILIEN AG (TEG)

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tag immobilien ag (TEG) Details

TAG Immobilien AG acquires, develops, and manages residential real estate properties in Germany. The company’s Residential segment acquires, rents, and manages residential properties in the Greater Metropolitan areas of Hamburg and Berlin, as well as the Thuringia/Saxony, North-Rhine-Westphalia, and Salzgitter regions. Its Commercial segment operates and leases commercial real estate properties in Hamburg, Berlin, and Munich. 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.

535 Employees
Last Reported Date: 08/7/14
Founded in 1882

tag immobilien ag (TEG) Top Compensated Officers

Chairman of the Management Board and Chief Ex...
Total Annual Compensation: €1.1M
Chief Operating Officer and Member of Managem...
Total Annual Compensation: €372.0K
Chief Legal Officer and Member of Management ...
Total Annual Compensation: €492.0K
Compensation as of Fiscal Year 2013.

tag immobilien ag (TEG) Key Developments

Rolf Elgeti to step down as CEO and Move from Executive Board to Supervisory Board of TAG Immobilien AG, Effective October 31, 2014

TAG Immobilien AG. transformation into a stable, efficient housing company has been completed. This implies that the task profile for the management has changed. CEO Rolf Elgeti regards his mission as completed and has therefore requested to be released early from his duty as CEO with effect from October 31, 2014. The Supervisory board has accepted his request. Mr. Elgeti is prepared to take a seat on the Supervisory Board.

Tag Immobilien AG. Announces Earnings Results for the Second Quarter and First Half Ended June 30, 2014; Provides earnings Guidance for the full year 2014

TAG Immobilien AG. announced earnings results for the second quarter and first half ended June 30, 2014. For the second quarter, the company reported earnings before taxes from the continued residential real-estate business came to EUR 26.0 million after EUR 21.7 million in the same period last year. Net interest income in the continued business in the first half of 2014 was negative EUR 49.2 million, slightly below last year's level negative EUR 46.8 million. Net profit as of the end of the second quarter 2014 for the group was EUR 14.2 million previous year EUR 26.4 million. Funds from operations as an indicator of operating performance profitability amounted to EUR 41.7 million at the end of the first half of 2014 excluding sales (FFO I) or EUR 49.3 million including liquidity from property sales (FFO II). The company reported total rental revenues rose from EUR 125.6 million in the first half of 2013 to EUR 130.5 million in first half 2014. With respect to continuing operations, which almost exclusively involve residential property, rental income increased from EUR 115.1 million in the previous year to EUR 122.0 million. This result in a rental income of EUR 100.5 million as of 30 June 2014 compared to EUR 90.9 million in the previous year. As in the previous quarters, net rental profit increased more strongly than rental income by more than 10% demonstrating both the efficiency of TAG's inventory management and its solid cost structure. The company expects FFO of EUR 90 million for the full year 2014.

TAG Reportedly Plans To Sell Itself

TAG Immobilien AG. (DB:TEG) is reportedly planning to sell itself, Handelsblatt reported citing industry sources. Rolf Elgeti, Chief Executive Officer of TAG is informally looking for a buyer for the group, Handelsblatt reported. However, Handelsblatt also cited Elgeti as saying he was not currently holding definite talks. "The situation today is that I am not holding concrete talks over a sale of TAG Immobilien. I have always said: I will not stand in the way of a good offer for shareholders," Handelsblatt quoted him as saying. TAG shares were up by 2.6%.

 

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TEG Competitors

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Company Last Change
Conwert Immobilien Invest SE €8.96 EUR +0.034
GAGFAH SA €14.65 EUR +0.114
Grand City Properties SA €10.48 EUR +0.01
GSW Immobilien AG €39.17 EUR -0.254
LEG Immobilien AG €54.01 EUR -0.345
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Industry Analysis

TEG

Industry Average

Valuation TEG Industry Range
Price/Earnings 51.8x
Price/Sales 3.4x
Price/Book 1.1x
Price/Cash Flow 60.7x
TEV/Sales NM Not Meaningful
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