Tag Immobilien Ag (TAGOF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.972 -- 00:00:07.398 Ladies and gentlemen, welcome to the TAG Immobilien Publication of Interim 00:00:07.398 -- 00:00:09.660 Statement Q1 2026 00:00:09.660 -- 00:00:13.665 conference call. I am Hilly, the conference call operator. 00:00:13.665 -- 00:00:17.729 I would like to remind you that our participants will be in listen-only mode and the 00:00:17.729 -- 00:00:23.035 conference is being recorded. The presentation will be followed by a Q&A session. 00:00:23.035 -- 00:00:28.415 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:28.415 -- 00:00:31.960 For operator assistance, please press star and zero. 00:00:31.960 -- 00:00:36.187 The conference must not be recorded for publication or broadcast. 00:00:36.187 -- 00:00:41.215 At this time, it's my pleasure to hand over to Martin Thiel, CFO and co-CEO. 00:00:41.215 -- 00:00:43.675 Please go ahead. 00:00:43.879 -- 00:00:46.363 Yeah, many thanks and good morning all. This is Martin. 00:00:46.363 -- 00:00:51.531 Welcome to our Q1 2026 earnings call. Let's start right away with 00:00:51.531 -- 00:00:55.668 page number three of the presentation, and I'm coming to the highlights. 00:00:55.668 -- 00:00:59.633 We think it's fair to say that the first quarter of 2026 00:00:59.633 -- 00:01:04.840 was a very good one. Just looking at the FFO1 that came out 00:01:04.840 -- 00:01:10.046 in Q1 2026 at 49.3 million after 44.9 00:01:10.046 -- 00:01:16.205 million in the comparable quarter in the previous year, so that's a 10% increase. 00:01:16.205 -- 00:01:21.374 So this is definitely a good start into the year, looking at some operational 00:01:21.374 -- 00:01:26.904 figures like like-for-like range growth. In Germany, we came out at 3.3% per 00:01:26.904 -- 00:01:32.394 annum,...