TLG IMMOBILIEN significantly increases revenue and earnings in H1 2015
- Funds from operations up 19.2% against H1 2014 to €31 mln
- Rental income up 7.2% to €61.1 mln
- EPRA net asset value rises by 9.4% to €16.31 per share as at 30 June 2015
- Additional portfolio growth: acquisitions in the amount of approx. €144 mln in H1
- FFO forecast for full year 2015 revised upwards significantly to approx. €63 mln
TLG IMMOBILIEN significantly increased its rental income and key earnings figures in the first half of 2015. The group generated a total of approx. €61.1 mln in rental income during the first six months of the year, representing an increase of 7.2% as compared to the first half of 2014. Funds from operations (FFO) increased by 19.2% to €31 mln (H1 2014: €26 mln).
Annualised net rent in the company's core portfolio increased to €111.2 mln as at the reporting date. The EPRA vacancy rate increased slightly by 0.7 percentage points to 3.9% due in particular to temporary non-recurring effects. As at 30 June 2015, the EPRA net asset value (EPRA NAV) amounted to €6.31 per share, which represents an increase of 9.4% as compared to the end of 2014.
Source: TLG IMMOBILIEN
