Tag Immobilien Ag (TAGOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the TAG Immobilien Publication of Interim Statement Q1 2026 conference call. I am Hilly, the conference call operator. I would like to remind you that our participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Martin Thiel, CFO and co-CEO. Please go ahead. Yeah, many thanks and good morning all. This is Martin. Welcome to our Q1 2026 earnings call. Let's start right away with page number three of the presentation, and I'm coming to the highlights. We think it's fair to say that the first quarter of 2026 was a very good one. Just looking at the FFO1 that came out in Q1 2026 at 49.3 million after 44.9 million in the comparable quarter in the previous year, so that's a 10% increase. So this is definitely a good start into the year, looking at some operational figures like like-for-like range growth. In Germany, we came out at 3.3% per annum, which is quite good. And in Poland, like-for-like range growth also remained quite high at 3.2% per annum. So a strong start into the year from the rental business. And also the sales business developed quite well. Looking at the development of the net income from sales in Poland, we achieved in the first quarter of 2036 a net income of 12.7 million. That compares to 5.0 million in Q1 2025. And also the number of units sold in Poland was in the first quarter of 658 units, stronger than in the same quarter of the previous year, so then in Q1 2025 with 592 units. Talking about the ...