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TAG Immobilien Q1 Earnings Call Highlights

TAG Poland ETR NTA Andrew McGrath MarketBeat Germany

TAG Immobilien (ETR:TEG) reported a stronger start to 2026, with Chief Financial Officer and Co-CEO Martin Thiel telling analysts that the first quarter was “a very good one” as funds from operations, rental growth and Polish apartment sales all improved from the prior-year period.

FFO I rose to EUR 49.3 million in the first quarter, up from EUR 44.9 million in the same period last year, representing a 10% increase. Thiel said the quarter-over-quarter improvement was driven by more than EUR 5 million of higher EBITDA, partly offset by roughly EUR 1.3 million of higher financing costs.

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