DGAP-News: TLG IMMOBILIEN AG / Key word(s): Preliminary Results/Real Estate 
Selected preliminary (unaudited) financial information for FY2020 of TLG IMMOBILIEN AG, Berlin 
2021-04-01 / 13:43 
The issuer is solely responsible for the content of this announcement. 
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Selected preliminary (unaudited) financial information for FY2020 of TLG IMMOBILIEN AG, Berlin 
TLG finalizes FY 2020 with positive results: 
- Net rental income amounted to EUR217 million, down from EUR230 million due to disposals. 
- FFO per share increased by 6% to EUR1.45. 
- Successful disposals of over EUR1 billion and above book value, highlighting the strong asset quality 
- LTV at 29% and high liquidity levels represents TLG's conservative capital structure. 
- New EPRA KPI's implemented, with EPRA NTA of EUR3.64 billion or EUR36.3 per share as of December 2020, 13.4% higher than 
in 2019. 
TLG achieved in 2020 a net income of EUR492 million, compared to EUR578 million last year. Starting into 2020, TLG 
completed a successful takeover with Aroundtown and both companies together are now the third largest publicly listed 
real estate company in Europe. During the year, TLG continued its value creation approach of its properties, mitigated 
the challenges resulting from the direct and indirect consequences of the pandemic, and conducted many steps to 
minimize risk exposures and to increase its shareholder return. 
During 2020, TLG signed disposals for an amount of more than EUR1 billion, following its strategy to focus on core assets 
and reducing its exposure to other sectors, particularly retail. The freed-up funds provided resources for the company 
to further strengthen its liquidity and capital structure, evidenced by a 29% LTV ratio and a 52% equity ratio. 
The FFO for 2020 amounted to EUR148 million, similar to 2019. Comparing to 2019, the main differences in 2020 are an 
increase in dividends from the investment in Aroundtown, offset by the decline in the NOI due to successful property 
disposals and full year coupon payments related to the perpetual notes. FFO per share has increased by 5.8% in 2020, up 
to EUR1.45, due to an increase in treasury shares (reciprocal holdings between TLG and Aroundtown). 
In the fourth quarter of 2020, TLG decided to utilize the considerable discount of its share price to the underlying 
net asset value and the operational performance and announced in December 2020 a share buy-back of up to 4% of its 
shares, which was successfully fully concluded in January 2021. Following the oversubscription of the share buy-back, 
in February 2021 TLG launched a second share buy-back in which additional 2% of its share capital were concluded. In 
total, 6.4 million shares were acquired, representing 5.7% of TLG's share capital. 
Full 2020 audited financial information will be published on 15 April 2020. 
 
 
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2021-04-01 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. 
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Archive at www.dgap.de 
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Language:     English 
Company:      TLG IMMOBILIEN AG 
              Hausvogteiplatz 12 
              10117 Berlin 
              Germany 
Phone:        030 - 2470 - 50 
Fax:          030 - 2470 - 7337 
E-mail:       ir@tlg.de 
Internet:     www.tlg.de 
ISIN:         DE000A12B8Z4 
WKN:          A12B8Z 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Stuttgart, Tradegate Exchange 
EQS News ID:  1180563 
 
End of News   DGAP News Service 
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1180563 2021-04-01

(END) Dow Jones Newswires

April 01, 2021 07:43 ET (11:43 GMT)