30.03.2016 TLG IMMOBILIEN AG  DE000A12B8Z4

DGAP-News: TLG IMMOBILIEN AG continues its growth path, generating significant earnings increase in 2015


 
DGAP-News: TLG IMMOBILIEN AG / Key word(s): Final Results/Real Estate TLG IMMOBILIEN AG continues its growth path, generating significant earnings increase in 2015 30.03.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press release TLG IMMOBILIEN AG continues its growth path, generating significant earnings increase in 2015 - Funds from operations (FFO) increase 22.1% in 2015 to EUR 64.0 m (2014: EUR 52.4 m), surpassing the Company's increased forecast - EPRA Net Asset Value (EPRA NAV) rises to EUR 17.37 per share as at 31 December 2015 (16.5% growth YOY) - Portfolio value increases by 15.7% to EUR 1.766 bn due to acquisitions, value-enhancing measures and market-based appreciation - Rental income climbs to EUR 127.4 m - EPRA Vacancy Rate in core portfolio declines again, amounting to 2.9% as at 31 December 2015 - Proposed dividend of EUR 0.72 per share for 2015 - Positive outlook: FFO between EUR 72 m and EUR 74 m, taking into account the acquisitions made so far Berlin, 30 March 2016 - TLG IMMOBILIEN AG can look back on a successful 2015 financial year. Rental income increased by 11.0% to EUR 127.4 m in financial year 2015. At the same time, funds from operations (FFO) rose by 22.1% to EUR 64.0 m (2014: EUR 52.4 m). With this rise, the company exceeded the FFO forecast for full year 2015, which had already been increased to EUR 63 m in summer 2015. The EPRA Vacancy Rate in the core portfolio declined slightly, amounting to a mere 2.9% as at 31 December 2015. This was attributable in particular to several new leases in the office portfolio. As at 31 December 2015, EPRA Net Asset Value (EPRA NAV) totalled EUR 1.172 bn, corresponding to EUR 17.37 per share and representing an increase of 16.5% (31/12/2014: EUR 14.91 per share). In addition to the successful development of its operating business, TLG IMMOBILIEN AG continued to have an extremely solid, conservative financing structure. Net Loan to Value (Net LTV) stood at 33.6% as at the end of 2015, caused among others by the capital increase carried out in November 2015. The Company's average cost of debt was 2.91% and the equity ratio climbed to 48.4% as at the reporting date (previous year: 43.0%). The value of TLG IMMOBILIEN AG's real estate portfolio under IFRS increased by 15.7% to EUR 1.766 bn in financial year 2015 (2014: EUR 1.526 bn), while the number of real estate properties fell from 460 to 418 due to scheduled disposals of non-strategic properties. As part of the continued expansion of the core portfolio, purchase agreements for 14 properties with a total volume of EUR 257 m were concluded in financial year 2015. At the same time, proceeds totalling EUR 57.3 m was generated by the disposal of non-strategic properties. The margin on the book value of these properties amounted to approx. 19%. Apart from two office properties in Dresden and Rostock, the Company primarily focused on acquiring retail properties in 2015. As a result, the share of the retail asset class in the value of the core portfolio rose to 51.7%. The core portfolio's share in the total value of the portfolio climbed even higher to its current level of 95.6% (31/12/2014: 92.6%) due to the acquisitions and disposals effected. The market value of the core portfolio increased by 19.4% to EUR 1.688 bn. This rise was attributable to the acquisitions and measures taken to enhance portfolio value, but also to market-related value increases. Given the Company's successful performance, the Management Board is planning on having the shareholders share in the Company's success by proposing to the Annual General Meeting that a dividend amounting to EUR 48.6 m be distributed for financial year 2015. This corresponds to a dividend of EUR 0.72 per share (2014: EUR 0.25 per share). "TLG IMMOBILIEN AG's performance in 2015 has demonstrated that we are continuously in a position to achieve the targets set at the IPO in October 2014 and that we are generating a high level of growth dynamic while still maintaining a solid financial foundation. The positive effects of structural changes we have made at the Company over the past few years and the ongoing optimisation of our real estate portfolio are increasingly reflected in the development of our KPIs", says Peter Finkbeiner, a member of TLG IMMOBILIEN AG's Management Board. Niclas Karoff, also a member of the Management Board, added: "The financial success TLG IMMOBILIEN AG is experiencing is a result of our tight focus and our Company's in-house expertise, which we have continued to strengthen over the past few years. In addition to the acquisitions, new leases and renewals of existing rental agreements in particular have made a significant contribution to our operating success. Our goal is to seamlessly build on this success in the current financial year as well." In light of the successful business performance in financial year 2015 and the first three months of 2016, the Management Board of TLG IMMOBILIEN AG expects that the Company will continue to perform well in full year 2016 and will increase its FFO to a value between EUR 72 m and EUR 74 m, taking into account the acquisitions made so far. Furthermore, TLG IMMOBILIEN AG affirms its strategic objective of expanding its portfolio by making acquisitions in the office, retail and hotel asset classes. Contact

Christoph Wilhelm                              Sven Annutsch
Corporate Communications                       Investor Relations
Phone: +49 30 2470 6355                        Phone: +49 30 2470 6089
E-Mail: [email protected]               E-Mail: [email protected]


About TLG IMMOBILIEN AG TLG IMMOBILIEN AG is a stock exchange-listed leading commercial real estate company focusing on Berlin and growth regions in eastern Germany. For over 20 years, TLG IMMOBILIEN AG has been synonymous with real estate expertise in Germany's East. TLG IMMOBILIEN AG generates stable rental income and exhibits low vacancy rates, very good building stock and profits from its local employees' excellent market knowledge. As an active portfolio manager, TLG IMMOBILIEN AG is specialised in commercial properties for office and retail use. TLG IMMOBILIEN AG focuses on managing a high-quality portfolio of office properties in Berlin and other regional economic centres, as well as a regionally diversified portfolio of retail properties in highly frequented micro locations. The portfolio also includes five hotels in Berlin, Dresden and Rostock. TLG IMMOBILIEN AG's properties stand out not only due to their excellent locations but also because of their very long-term rental or lease agreements. As at 31 December 2015, the value of the properties under IFRS totalled EUR 1,766 bn. As at the same reporting date, the EPRA Net Asset Value per share amounted to EUR 17.37. --------------------------------------------------------------------------- 30.03.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: TLG IMMOBILIEN AG Hausvogteiplatz 12 10117 Berlin Germany Phone: 030 - 2470 - 50 Fax: 030 - 2470 - 7337 E-mail: [email protected] Internet: www.tlg.de ISIN: DE000A12B8Z4 WKN: A12B8Z Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 449227 30.03.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 168,31 223,89 229,77 216,94 172,68 203,20 0,00
EBITDA1,2 128,02 173,92 828,27 285,40 180,19 213,20 0,00
EBITDA-Marge3 76,06 77,68 360,48 131,56 104,35 104,92
EBIT1,4 346,16 561,05 826,54 645,35 366,86 211,30 0,00
EBIT-Marge5 205,67 250,59 359,73 297,48 212,45 103,99 0,00
Jahresüberschuss1 284,37 310,95 578,32 492,30 315,05 55,25 0,00
Netto-Marge6 168,96 138,89 251,70 226,93 182,45 27,19 0,00
Cashflow1,7 100,68 161,88 131,92 140,62 156,52 180,98 0,00
Ergebnis je Aktie8 3,56 2,99 5,30 4,61 3,12 0,41 0,57
Dividende8 0,82 0,91 0,96 1,02 0,94 0,93 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Fair Audit

INVESTOR-INFORMATIONEN
©boersengefluester.de
TLG Immobilien
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A12B8Z 14,900 Halten 1.685,49
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,96 14,94 0,87 5,68
KBV KCV KUV EV/EBITDA
0,63 9,31 8,29 13,30
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,93 0,00 0,00 04.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 29.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,27% 0,05% -0,67% -15,34%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu TLG IMMOBILIEN AG  ISIN: DE000A12B8Z4 können Sie bei EQS abrufen


Immobilien (Gewerbe) , A12B8Z , TLG , HAM:TLG