TAG Immobilien Q1 FFO €49.3m, Deal Delayed

TAG Immobilien AG posted Q1 2026 FFO I of €49.3 million, up from €44.9 million YoY, with per‑share FFO I unchanged at €0.26.
FFO II rose to €61.8 million (€0.33 per share) helped by €12.7 million adjusted net income from Polish property sales.
Residential vacancy rates increased to 3.6% in Germany and 7.5% in Poland; the €565 million Polish acquisition of 5,300 apartments is now expected to close in Q2 2026.
Full‑year 2026 guidance unchanged (FFO I €187‑197 million, FFO II €279‑295 million) and dividend payout ratio to rise to 50% of FFO I.