TAG Immobilien AG reports profit increase for the year to date, publishes profit forecast

TAG Immobilien AG  / Key word(s): Forecast08.11.2010 08:53Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------In the third quarter of 2010, TAG Immobilien AG generated earnings beforetaxes (EBT) in the amount of EUR 7.9 million, fuelled in particular bysuccessful vacancy reduction and the resulting positive effects on thevaluation of TAG's properties, and by gains associated with the first-timeconsolidation of FranconoWest AG on the Group's books in Q3/2010. While theGroup reported a loss of - EUR 25.5 million in the comparable period of2009, EBT for the first nine months of the current year was EUR 14.1million Based on this positive performance, the executive board is raisingits profit forecast for the year to approx. EUR 20 million and expects NAV(Net Asset Value) per share to amount to EUR 6.30 on the closing date, 31Dec 2010.Provided there are no significant negative external effects, the executiveboard expects EBT for the 2011 fiscal year to be between EUR 50 and 60million, and NAV per share of approx. EUR 8.00 at year-end 2011. Thispositive forecast is based on the augmentation of the real-estate portfolioas part of TAG's strategy expansion, and the integration of past and futureacquisitions, as well as the full takeover of Larus Asset Management GmbHand the attendant strengthening of the Group's services segment.Kontakt:TAG Immobilien AGInvestor und Public Relations Britta Lackenbauer / Dominique MannTel. +49 (0) 40 380 32 -386 / -305Fax +49 (0) 40 380 32 390ir@tag-ag.com08.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      TAG Immobilien AG              Steckelhörn 5              20457 Hamburg              DeutschlandPhone:        040 380 32 300Fax:          040 380 32 390E-mail:       ir@tag-ag.comInternet:     www.tag-ag.comISIN:         DE0008303504WKN:          830350Indices:      SDAXListed:       Regulierter Markt in Frankfurt (Prime Standard), München;              Freiverkehr in Hamburg, Düsseldorf, Berlin, Hannover,              Stuttgart End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------