Cash flow TAG Immobilien AG

Equities

TEG

DE0008303504

Real Estate Development & Operations

Real-time Estimate Tradegate Other stock markets 03:06:30 2026-05-14 am EDT			5-day change	1st Jan Change
14.52 ^EUR	+0.38%		-2.76%	+9.37%

May. 13	TAG IMMOBILIEN AG : Receives a Buy rating from Deutsche Bank	ZD
May. 13	TAG Immobilien Gets Regulatory Nod for Purchase of Polish Rental Units	MT

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Published financial data: TAG IMMOBILIEN AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Rental Revenues	437M	454M	462M	473M	489M
Other Revenues, Total	178M	516M	885M	626M	513M
Total Revenues	615M	970M	1.35B	1.1B	1B
Property Expenses	298M	607M	934M	677M	541M
Selling General & Admin Expenses, Total	3.16M	4.51M	5.04M	5.69M	7.43M
Depreciation & Amortization - (IS) - (Collected)	8.84M	10.62M	11.84M	12.74M	13.98M
Provision for Bad Debts	3.89M	-	-	5.69M	6.85M
Other Operating Expenses	75.78M	97.6M	109M	117M	129M
Total Operating Expenses	389M	720M	1.06B	818M	698M
Operating Income (REIT / Utility Template)	226M	250M	286M	280M	304M
Interest Expense, Total	-50.73M	-54.04M	-72.58M	-72.56M	-103M
Interest and Investment Income	5.15M	21.41M	6.56M	17.28M	32.23M
Net Interest Expenses	-45.57M	-32.63M	-66.02M	-55.28M	-70.88M
Currency Exchange Gains (Loss)	1.84M	-	-	4.09M	13.03M
Other Non Operating Income (Expenses)	217K	140K	129K	-632K	-3.53M
EBT, Excl. Unusual Items	182M	217M	220M	229M	242M
Total Merger & Related Restructuring Charges	-5.8M	-5.2M	-	-	-
Gain (Loss) on Sale of Investments	430K	-	-13.66M	-	-
Gain (Loss) on Sale of Assets	-	1.94M	390K	-10K	854K
Asset Writedown	540M	-70.03M	-712M	-115M	183M
Other Unusual Items	1.41M	415K	1.59M	1.03M	1.61M
EBT, Incl. Unusual Items	718M	144M	-503M	115M	428M
Income Tax Expense	132M	26.93M	-92.22M	-7.08M	338M
Earnings From Continuing Operations	586M	117M	-411M	122M	90.27M
Net Income to Company	586M	117M	-411M	122M	90.27M
Minority Interest	-15.14M	-4.19M	14.02M	-960K	3.11M
Net Income - (IS)	570M	113M	-397M	121M	93.38M
Net Income to Common Incl Extra Items	570M	113M	-397M	121M	93.38M
Net Income to Common Excl. Extra Items	570M	113M	-397M	121M	93.38M
Per Share Items
Net EPS - Basic	3.9	0.71	-2.26	0.69	0.52
Basic EPS - Continuing Operations	3.9	0.71	-2.26	0.69	0.52
Basic Weighted Average Shares Outstanding	146M	159M	175M	175M	181M
Net EPS - Diluted	3.56	0.63	-2.26	0.65	0.51
Diluted EPS - Continuing Operations	3.56	0.63	-2.26	0.65	0.51
Diluted Weighted Average Shares Outstanding	161M	173M	175M	190M	211M
Normalized Basic EPS	0.67	0.83	0.87	0.81	0.86
Normalized Diluted EPS	0.61	0.76	0.87	0.75	0.73
Dividend Per Share	0.93	-	-	0.4	0.4
Payout Ratio	22.58	120.39	-	-	58.68
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	232M	257M	289M	288M	313M
EBITA	228M	252M	289M	283M	306M
EBIT	226M	250M	286M	280M	304M
EBITDAR	234M	259M	292M	292M	316M
Effective Tax Rate - (Ratio)	18.45	18.67	18.33	-6.16	78.91
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	4.23M	15.98M	27.22M	36.29M	26.27M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	128M	10.95M	-119M	-43.37M	312M
Normalized Net Income	98.79M	131M	152M	142M	155M
Interest Capitalized	1.7M	2.7M	1.5M	3.4M	5M
Interest on Long-Term Debt	8.21M	512M	53.39M	10.1M	21.85M
Non-Cash Pension Expense	41K	49K	144K	163K	135K
Supplemental Operating Expense Items
Advertising Expense	530K	1.77M	2.29M	2.42M	3.76M
Selling and Marketing Expenses	530K	1.77M	2.29M	2.42M	3.76M
Net Rental Expense, Total	1.92M	2.21M	2.67M	3.2M	3.07M
Imputed Operating Lease Interest Expense	262K	290K	443K	550K	657K
Imputed Operating Lease Depreciation	1.66M	1.92M	2.23M	2.66M	2.42M
Maintenance & Repair Expenses, Total	38.92M	37.51M	39.84M	44.66M	39.23M
Stock-Based Comp., SG&A Exp. (Total)	708K	539K	84K	70K	594K
Total Stock-Based Compensation	708K	539K	84K	70K	594K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	79.32M	92.29M	96.78M	106M	120M
Accumulated Depreciation	-27.81M	-34.36M	-41.14M	-48.2M	-55.68M
Net Property Plant And Equipment	51.5M	57.93M	55.64M	57.52M	64.19M
Total Real Estate Assets	51.5M	57.93M	55.64M	57.52M	64.19M
Cash And Equivalents	96.46M	240M	129M	603M	1.2B
Accounts Receivable, Total	19.72M	26.08M	41.2M	35.39M	31.72M
Other Receivables	44.86M	85.76M	100M	155M	139M
Investment In Debt and Equity Securities	9.89M	9.81M	35.36M	34.06M	27.95M
Goodwill	18.25M	261M	282M	286M	290M
Other Intangibles, Total	4.87M	4.91M	4.12M	3.6M	3.63M
Notes Receivable (Collected)	4.45M	4.45M	4.45M	4.45M	4.45M
Other Current Assets, Total	263M	922M	657M	682M	877M
Deferred Tax Assets Long-Term (Collected)	34.42M	22.21M	24.77M	24.84M	28.42M
Other Long-Term Assets, Total	6.54B	6.58B	5.97B	5.86B	6.29B
Total Assets	7.09B	8.21B	7.3B	7.75B	8.95B
Liabilities
Current Portion of Long-Term Debt	143M	749M	379M	1.05B	1.34B
Current Portion of Leases	3.25M	17.31M	16.83M	19.36M	17.95M
Long-Term Debt	2.93B	3.03B	2.9B	2.67B	2.94B
Long-Term Leases	19.91M	24.81M	28.51M	26.96M	31.38M
Accounts Payable, Total	26.86M	69.95M	51.3M	45.04M	61.02M
Accrued Expenses, Total	10.04M	9.13M	16.3M	12.22M	16.29M
Current Income Taxes Payable	9.58M	8.52M	12.44M	17.3M	17.65M
Unearned Revenue, Current	33.29M	189M	191M	146M	132M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	75.83M	63.73M	87.63M	63.23M	132M
Pension & Other Post Retirement Benefits	5.42M	4.28M	4.07M	4.11M	3.46M
Deferred Tax Liability Non-Current	682M	716M	608M	564M	878M
Other Non Current Liabilities	22.28M	22.9M	41.08M	32.96M	55.53M
Total Liabilities	3.96B	4.91B	4.34B	4.65B	5.63B
Common Stock, Total	146M	175M	175M	175M	189M
Additional Paid In Capital	520M	683M	683M	682M	878M
Retained Earnings	2.39B	2.37B	1.97B	2.09B	2.11B
Comprehensive Income and Other	-15M	-25.17M	58.02M	72.47M	82.52M
Total Common Equity	3.04B	3.2B	2.89B	3.02B	3.26B
Minority Interest	89.8M	109M	79.32M	80.28M	59.89M
Total Equity	3.13B	3.31B	2.96B	3.1B	3.32B
Total Liabilities And Equity	7.09B	8.21B	7.3B	7.75B	8.95B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	146M	175M	175M	175M	189M
ECS Total Common Shares Outstanding	146M	175M	175M	175M	189M
Book Value / Share	20.77	18.23	16.44	17.21	17.26
Tangible Book Value	3.02B	2.93B	2.6B	2.73B	2.97B
Tangible Book Value Per Share	20.61	16.71	14.81	15.56	15.71
Total Debt	3.09B	3.82B	3.32B	3.76B	4.33B
Net Debt	3B	3.58B	3.19B	3.16B	3.14B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.42M	4.28M	4.07M	4.11M	3.46M
Debt Equivalent Oper. Leases	15.38M	17.66M	21.38M	25.64M	24.59M
Minority Interest, Total (Incl. Fin. Div)	89.8M	109M	79.32M	80.28M	59.89M
Equity Method Investments, Total	41K	37K	30.97M	28.81M	31.91M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	51.08M	56.24M	58M	65.4M	78.48M
Full Time Employees	1.39K	1.74K	1.82K	1.44K	1.5K
Part Time Employees	-	-	-	285	295
Accumulated Allowance for Doubtful Accounts (Supple)	9.21M	12.15M	15.58M	18.01M	21.18M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	570M	113M	-397M	121M	93.38M
Depreciation, Depletion & Amortization	7M	8.16M	9.54M	10.43M	11.51M
Amortization of Goodwill and Intangible Assets - (CF)	1.84M	2.47M	2.29M	2.31M	2.47M
Total Depreciation, Depletion & Amortization	8.84M	10.62M	11.84M	12.74M	13.98M
(Gain) Loss On Sale of Asset - (CF)	816K	9.1M	-3.24M	674K	-648K
(Gain) Loss on Sale of Investments - (CF)	-430K	-673K	-1.4M	-22K	-332K
Total Asset Writedown	-541M	51.65M	705M	114M	-183M
(Income) Loss On Equity Investments - (CF)	-	-	-	-1.64M	-13.92M
Provision and Write-off of Bad Debts	4.31M	5.85M	6.68M	5.69M	6.85M
Change in Accounts Receivable	-22.46M	41.38M	75.35M	44.05M	-16.94M
Change In Deferred Taxes	128M	10.95M	-119M	-43.37M	312M
Change in Other Net Operating Assets (Collected)	29.73M	-107M	-4.39M	-107M	7.41M
Other Operating Activities	-14.74M	-1.17M	18.65M	-4.5M	12.64M
Cash from Operations	164M	134M	292M	142M	231M
Acquisition of Real Estate Assets, Total	-252M	-8.64M	-7.16M	-218M	-275M
Sale of Real Estate Assets, Total	47.32M	95.08M	274M	134M	64.13M
Net Sale / Acquisition of Real Estate Assets	-205M	86.44M	267M	-84.66M	-211M
Cash Acquisitions	-67.92M	-636M	-150M	-	-192K
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	833K	864K	1.12M	666K	-148M
Other Investing Activities, Total	-	-12.24M	-	-	-
Cash from Investing	-272M	-561M	118M	-83.99M	-359M
Long-Term Debt Issued, Total	390M	1.35B	787M	926M	1.41B
Total Debt Issued	390M	1.35B	787M	926M	1.41B
Long-Term Debt Repaid, Total	-376M	-824M	-1.31B	-510M	-806M
Total Debt Repaid	-376M	-824M	-1.31B	-510M	-806M
Issuance of Common Stock	315K	202M	419K	352K	184M
Repurchase of Common Stock	-	-	-	-1.51M	-
Common Dividends Paid	-129M	-136M	-	-	-54.8M
Common & Preferred Stock Dividends Paid	-129M	-136M	-	-	-54.8M
Other Financing Activities, Total	-5M	-15M	-6.1M	-1.09M	-10.32M
Cash from Financing	-119M	574M	-529M	414M	723M
Foreign Exchange Rate Adjustments	1.58M	-1.25M	8.28M	1.37M	1.12M
Net Change in Cash	-226M	145M	-111M	473M	596M
Supplemental Items
Cash Interest Paid	43.29M	52.7M	59.44M	60.09M	70.26M
Cash Income Tax Paid (Refund)	34.88M	3.87M	21.27M	50.31M	34.23M
Net Debt Issued / Repaid	14.2M	523M	-524M	416M	604M
Levered Free Cash Flow	18.08M	-388M	400M	-10.38M	39.48M
Unlevered Free Cash Flow	49.78M	-354M	445M	34.97M	104M
Change In Net Working Capital	101M	521M	-254M	153M	100M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.08	2.04	2.31	2.33	2.27
Return on Total Capital	2.36	2.34	2.67	2.66	2.61
Return On Equity %	20.15	3.64	-13.1	4.03	2.81
Return on Common Equity	20.22	3.63	-13.05	4.1	2.97
Margin Analysis
Gross Profit Margin %	51.6	37.37	30.64	38.35	46.01
SG&A Margin	10.64	8.43	6.73	8.83	10.82
EBITDA Margin %	37.68	26.51	21.48	26.26	31.23
EBITA Margin %	37	26	21.43	25.73	30.56
EBIT Margin %	36.7	25.74	21.26	25.52	30.31
Income From Continuing Operations Margin %	95.18	12.1	-30.51	11.11	9.01
Net Income Margin %	92.72	11.66	-29.47	11.02	9.32
Net Avail. For Common Margin %	92.72	11.66	-29.47	11.02	9.32
Normalized Net Income Margin	16.06	13.56	11.27	12.91	15.43
Levered Free Cash Flow Margin	2.94	-39.99	29.69	-0.94	3.94
Unlevered Free Cash Flow Margin	8.09	-36.51	33.06	3.18	10.37
Asset Turnover
Asset Turnover	0.09	0.13	0.17	0.15	0.12
Fixed Assets Turnover	12.52	17.72	23.72	19.42	16.46
Receivables Turnover (Average Receivables)	23.35	19.82	13.74	12.35	14.58
Inventory Turnover (Average Inventory)	2.76	1.47	1.39	1.09	0.82
Short Term Liquidity
Current Ratio	1.42	1.16	1.23	1.09	1.31
Quick Ratio	0.53	0.32	0.36	0.59	0.8
Operating Cash Flow to Current Liabilities	0.54	0.12	0.39	0.1	0.13
Days Sales Outstanding (Average Receivables)	15.63	18.42	26.56	29.63	25.04
Days Outstanding Inventory (Average Inventory)	132.39	248.88	262.57	335.34	447.38
Average Days Payable Outstanding	22.43	14.63	26.05	26.75	30.05
Cash Conversion Cycle (Average Days)	125.6	252.67	263.08	338.21	442.37
Long Term Solvency
Total Debt/Equity	98.86	115.59	112.09	121.45	130.43
Total Debt / Total Capital	49.71	53.62	52.85	54.84	56.6
LT Debt/Equity	94.18	92.42	98.75	86.88	89.41
Long-Term Debt / Total Capital	47.36	42.87	46.56	39.23	38.8
Total Liabilities / Total Assets	55.85	59.73	59.39	60	62.89
EBIT / Interest Expense	4.45	4.62	3.94	3.86	2.95
EBITDA / Interest Expense	4.63	4.81	4.11	4.04	3.08
(EBITDA - Capex) / Interest Expense	4.63	4.81	4.11	4.04	3.08
Total Debt / EBITDA	13.19	14.69	11.14	12.84	13.64
Net Debt / EBITDA	12.77	13.77	10.71	10.78	9.87
Total Debt / (EBITDA - Capex)	13.19	14.69	11.14	12.84	13.64
Net Debt / (EBITDA - Capex)	12.77	13.77	10.71	10.78	9.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-10.02	57.27	38.92	-18.56	-8.81
Gross Profit, 1 Yr. Growth %	-7.64	13.67	13.91	1.53	9.39
EBITDA, 1 Yr. Growth %	-12.51	9.04	13.73	0.84	8.97
EBITA, 1 Yr. Growth %	-12.1	8.88	15.73	-0.96	8.84
EBIT, 1 Yr. Growth %	-12.4	8.68	15.96	-0.98	8.85
Earnings From Cont. Operations, 1 Yr. Growth %	45.45	-79.97	-450.39	-129.71	-26.06
Net Income, 1 Yr. Growth %	44.96	-80.18	-450.97	-130.52	-22.91
Diluted EPS Before Extra, 1 Yr. Growth %	44.12	-80.03	-457.82	-128.87	-21.87
Normalized Net Income, 1 Yr. Growth %	15.85	29.6	16.92	1.5	9.6
Net Property, Plant and Equip., 1 Yr. Growth %	10.04	12.48	-3.95	3.36	11.6
Inventory, 1 Yr. Growth %	11.42	527.47	-11.84	-2.9	16.87
Accounts Receivable, 1 Yr. Growth %	11.42	32.28	57.94	-14.09	-10.36
Total Assets, 1 Yr. Growth %	9.43	15.88	-11.14	6.17	15.5
Common Equity, 1 Yr. Growth %	16.8	5.22	-9.8	4.66	8.03
Tangible Book Value, 1 Yr. Growth %	16.93	-2.8	-11.36	5.03	8.75
Cash From Operations, 1 Yr. Growth %	-35.42	-18.57	118.58	-51.35	62.71
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-90.17	-1.95K	-202.69	-102.58	-451.69
Unlevered Free Cash Flow, 1 Yr. Growth %	-80.16	-778.32	-225.2	-92.18	204.56
Dividend Per Share, 1 Yr. Growth %	5.68	-	-	-	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.1	19.08	47.81	6.45	-13.83
Gross Profit, 2 Yr. CAGR %	5.61	2.66	13.79	7.85	5.39
EBITDA, 2 Yr. CAGR %	3.68	-1.52	10.79	6.5	4.58
EBITA, 2 Yr. CAGR %	4.2	-1.35	11.67	6.47	3.57
EBIT, 2 Yr. CAGR %	3.97	-1.6	11.67	6.56	3.57
Earnings From Cont. Operations, 2 Yr. CAGR %	13.28	-46.03	-16.23	2.03	-53.13
Net Income, 2 Yr. CAGR %	13.06	-46.39	-16.59	3.49	-51.5
Diluted EPS Before Extra, 2 Yr. CAGR %	10.78	-49.41	-15.48	1.63	-52.51
Normalized Net Income, 2 Yr. CAGR %	17.22	24.17	22.32	4.54	5.15
Net Property, Plant and Equip., 2 Yr. CAGR %	13.32	11.25	3.94	-0.36	7.4
Inventory, 2 Yr. CAGR %	39.36	164.41	135.2	-7.48	6.53
Accounts Receivable, 2 Yr. CAGR %	6.36	21.4	44.54	16.48	-12.25
Total Assets, 2 Yr. CAGR %	12.04	12.61	1.48	-2.87	10.74
Common Equity, 2 Yr. CAGR %	13.91	10.86	-2.58	-2.84	6.33
Tangible Book Value, 2 Yr. CAGR %	13.54	6.61	-7.18	-3.51	6.87
Cash From Operations, 2 Yr. CAGR %	3.07	-27.48	33.41	3.12	-11.03
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	95.62	45.16	336.34	-83.67	-68.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.31	18.75	192.1	-68.64	-51.79
Dividend Per Share, 2 Yr. CAGR %	6.5	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.13	24.83	25.36	21.24	1.1
Gross Profit, 3 Yr. CAGR %	5.77	8.37	6.28	9.76	8.36
EBITDA, 3 Yr. CAGR %	4.14	6.02	2.97	6.97	7.15
EBITA, 3 Yr. CAGR %	4	6.33	3.68	6.89	7.08
EBIT, 3 Yr. CAGR %	3.96	6.11	3.57	6.88	7.14
Earnings From Cont. Operations, 3 Yr. CAGR %	6.25	-36.42	0.68	-40.7	-8.36
Net Income, 3 Yr. CAGR %	5.85	-36.72	0.29	-40.34	-6.18
Diluted EPS Before Extra, 3 Yr. CAGR %	4.41	-39.82	-2.89	-40.92	-6.9
Normalized Net Income, 3 Yr. CAGR %	18.91	22.29	21.19	11.83	5.99
Net Property, Plant and Equip., 3 Yr. CAGR %	25.01	13.04	5.93	3.75	3.48
Inventory, 3 Yr. CAGR %	29.39	130.12	83.35	75.13	0.01
Accounts Receivable, 3 Yr. CAGR %	11.62	14.38	32.53	21.53	6.74
Total Assets, 3 Yr. CAGR %	12.09	13.31	4.06	3.02	2.9
Common Equity, 3 Yr. CAGR %	14.85	10.94	3.5	-0.22	0.66
Tangible Book Value, 3 Yr. CAGR %	14.58	7.81	0.25	-3.27	0.41
Cash From Operations, 3 Yr. CAGR %	0.91	-4.72	4.75	-4.69	20.05
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-11.48	334.56	29.52	-20.94	-53.37
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.27	86.72	21.05	-12.49	-33.64
Dividend Per Share, 3 Yr. CAGR %	7.43	-	-	-24.52	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.6	12.68	20.53	17.13	7.94
Gross Profit, 5 Yr. CAGR %	6.97	7.26	8.99	8.16	6.04
EBITDA, 5 Yr. CAGR %	6.11	5.16	7.1	5.99	3.38
EBITA, 5 Yr. CAGR %	5.94	5.03	7.36	6.16	3.41
EBIT, 5 Yr. CAGR %	5.93	4.96	7.33	6.07	3.34
Earnings From Cont. Operations, 5 Yr. CAGR %	23.89	-17.86	-3.39	-23.18	-25.85
Net Income, 5 Yr. CAGR %	23.15	-18.32	-3.77	-22.96	-25
Diluted EPS Before Extra, 5 Yr. CAGR %	19.72	-21.2	-6.28	-25.79	-27.05
Normalized Net Income, 5 Yr. CAGR %	14.03	14.76	20.9	14.56	12.63
Net Property, Plant and Equip., 5 Yr. CAGR %	24.82	19.28	16.11	7.48	6.52
Inventory, 5 Yr. CAGR %	16.98	71.27	64.33	59.83	47.55
Accounts Receivable, 5 Yr. CAGR %	6.13	24.51	23.78	15.21	12.38
Total Assets, 5 Yr. CAGR %	12.03	12.13	7.72	6.54	6.68
Common Equity, 5 Yr. CAGR %	17.61	14.49	7.53	5.21	4.62
Tangible Book Value, 5 Yr. CAGR %	17.47	12.54	5.32	3.13	2.85
Cash From Operations, 5 Yr. CAGR %	9.97	1.42	12.83	-1.66	-1.87
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-17.02	61.21	72.64	17.04	-26.5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.67	31.32	38.32	-8.45	-16.17
Dividend Per Share, 5 Yr. CAGR %	10.29	-	-	-13.37	-14.59