Streetbeat News

TAGOF

TAG Immobilien AG

https://www.tag-ag.com/

Industry

Lessors of Residential Buildings and Dwellings

Open

13.20

Mkt cap

2.9B

Volume

High

16.76

P/E Ratio

-30.47

52-wk high

18.18

Low

13.20

Div yield

N/A

52-wk low

13.20

TAG Immobilien has improved its liquidity with a €500 million bond, covering debt maturities until 2025. However, it faces short-term refinancing needs and is less attractive for long-term investment due to high valuation, lower rental growth, and higher vacancy rates compared to peers.

Portfolio Pulse from

December 02, 2024 | 9:00 am

Commercial real estate transaction volumes are falling sharply in many parts of the world, including Germany, Sweden, Ireland, and the UK. This is raising concerns that the U.S. office market may soon experience the same. The drop is attributed to rising interest rates, which have increased borrowing costs and demand for yields among potential property investors. Investment bank Stifel warns that the industry may face a decade of limited earnings growth. German residential landlords, such as LEG Immobilien SE, TAG Immobilien AG, and Vonovia SE have been downgraded to a Sell. Five U.S. REITs that could be vulnerable to these changes are Boston Properties Inc., SL Green Realty Corp., Alexandria Real Estate Equities Inc., Vornado Realty Trust, and Kilroy Realty Corporation.

Portfolio Pulse from Piero Cingari

July 06, 2023 | 12:39 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.