Tag Immobilien Ag (TAGOF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.757 -- 00:00:05.983 Ladies and gentlemen, welcome to the TAC Immobilien publication of Interim Statement 00:00:05.983 -- 00:00:08.764 Q3 2025 conference 00:00:08.847 -- 00:00:10.349 call. 00:00:10.349 -- 00:00:12.892 I am George, the course call operator. 00:00:12.892 -- 00:00:16.736 I would like to remind you that all participants will be in listen-only mode and the 00:00:16.736 -- 00:00:22.423 conference is being recorded. The presentation will be followed by Q&A session. 00:00:22.423 -- 00:00:27.569 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:27.569 -- 00:00:31.452 For operator assistance, please press star and 0. 00:00:31.452 -- 00:00:36.359 The conference must not be recorded for publication or broadcast. 00:00:36.359 -- 00:00:39.303 At this time, it's my pleasure to hand over to Mr. 00:00:39.303 -- 00:00:43.346 Martin Thiel, CFO. Please go ahead, sir. 00:00:43.509 -- 00:00:47.635 Yeah, many thanks and good morning, all, and very welcome back from our side. 00:00:47.635 -- 00:00:51.179 Many thanks for diving in for Q3 results. 00:00:51.179 -- 00:00:56.747 As always, let's start on page number three of the presentation that shows comprehensive 00:00:56.747 -- 00:01:02.618 overview about our results in the first nine months and also gives the first outlook 00:01:02.618 -- 00:01:05.541 on the guidance for 2026. 00:01:05.650 -- 00:01:10.298 Let's start with the operational development first in the first nine months of 2025. 00:01:10.298 -- 00:01:15.446 SFO1 in the first nine months of 2025 came in at roughly 136 00:01:15.446 -- 00:01:20.193 million compared to the previous year, just a 4% increase. 00:01:20.193 -- 00:01:25.321 And that's important to point out that this increase was mainly driven by our ...