Tag Immobilien Ag (TAGOF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.675 Ladies and gentlemen, welcome to the TAG Immobilien Public Publication of Interim Report 00:00:04.675 -- 00:00:09.680 Q2 2025 Conference Call. I am Valentina, the Corvus Call Operator. 00:00:09.680 -- 00:00:13.303 I would like to remind you that all participants will be list in only mode and the conference 00:00:13.303 -- 00:00:17.527 is being recorded. The presentation will be followed by a Q&A session. 00:00:17.527 -- 00:00:22.012 You can register for questions at any time by pressing STA and 1 on your telephone. 00:00:22.012 -- 00:00:25.315 For operator assistance, please press STA and 0. 00:00:25.315 -- 00:00:28.718 The conference must not be recorded for publication or broadcast. 00:00:28.718 -- 00:00:31.822 At this time, it's my pleasure to hand over to Martin Thiel, CFO. 00:00:31.822 -- 00:00:32.883 Please go ahead. 00:00:32.883 -- 00:00:35.023 Martin Thiel 00:00:35.446 -- 00:00:37.189 Yeah, many thanks, and good morning, everyone. 00:00:37.189 -- 00:00:42.355 Welcome to TIGE's H1 2025 call. Many thanks for dialing in. 00:00:42.355 -- 00:00:47.221 As always, I will start with a quick overview on page number four of the presentation, 00:00:47.221 -- 00:00:50.886 and after that, I will try to point out some main highlights on the following slide, 00:00:50.886 -- 00:00:55.246 and as always, afterwards, we have, of course, enough time for Q&A. 00:00:55.246 -- 00:01:00.611 So let's start with page number four and the highlights of the first half of 2025. 00:01:00.611 -- 00:01:05.756 FFO1 saw a quite decent development. It was up 4% year-on-year. 00:01:05.756 -- 00:01:08.979 And even quarter-on-quarter, we saw quite significant increase. 00:01:08.979 -- 00:01:11.741 So in the second quarter of 2025, 00:01:11.741 -- 00:01:17.086 FF...