TAG Immobilien AG: TAG Immobilien AG announces detailed forecast for 2012
TAG Immobilien AG / Key word(s): Forecast
TAG Immobilien AG announces detailed forecast for 2012:
- EBT expected to reach EUR 75 million
- Estimated operating profit of EUR 35 million
- FFO of EUR 27 million expected
- Target NAV of EUR 9.75 per share
- Dividend payment in 2011, increasing in 2012
Hamburg (6 December 2011) - After having stipulated in November of an EBT target of approximately EUR 75 million for 2012 and announced a dividend payment for 2011 based on the strong results achieved in the year to date, TAG Immobilien AG ('TAG' in the following) today issued a detailed forecast for fiscal 2012.
As well as continued improvements at operational level, the payment of a dividend is at the forefront of future fiscal policy. Above and beyond financing further growth, the company is striving to pay a dividend of 20 cents per share for 2011. The earnings performance in recent quarters demonstrates the Group's increased profitability. The synergies that can be realised from the acquisitions and the continuous improvement of the Group over the past few quarters show the potential that will positively affect future dividends. The company intends to continue distributing a significant portion of profits to shareholders in the years ahead as well.
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|Company:||TAG Immobilien AG|
|Phone:||040 380 32 0|
|Fax:||040 380 32 390|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, Stuttgart|
|End of News||DGAP News-Service|