TAG Immobilien AG: A Leader in Affordable Housing

Continued Success in Q3

TAG Tegernsee Immobilien- und Beteiligungs-Aktiengesellschaft (TAG Immobilien AG) maintains its positive business trajectory, reporting strong results in the third quarter.

Financial Performance

• Record revenue of €322.5 million, a 15.6% increase year-over-year.
• Net income surged by 23.2% to €77.1 million, reflecting efficient operations.
• Earnings per share increased by 21.4% to €1.19.

Business Growth

TAG Immobilien AG's growth is driven by its focus on affordable housing:

• Acquired 1,031 residential units in the quarter, expanding its portfolio to over 86,000 units.
• Completed 261 new construction projects, adding to its inventory of modern and energy-efficient homes.
• Maintains a high occupancy rate of 98.7%, underscoring the demand for its affordable housing solutions.

Sustainability and Innovation

TAG Immobilien AG prioritizes sustainability and innovation:

• Invested €11.6 million in energy-efficient measures, reducing its carbon footprint.
• Developed innovative digital solutions to enhance customer experiences and streamline operations.
• Promotes social responsibility through initiatives that support affordable housing and community development.

TAG Immobilien AG's commitment to providing affordable housing, combined with its strong financial performance and focus on sustainability, positions the company for continued success in the future.

For more information, visit TAG Immobilien AG's website: https://www.tag-ag.com/en/