TAG Immobilien Second Quarter 2024 Earnings: €0.34 loss per share (vs €1.93 loss in 2Q 2023)

TAG Immobilien (ETR:TEG) Second Quarter 2024 Results

Key Financial Results

• Revenue: €225.8m (down 9.6% from 2Q 2023).
• Net loss: €57.6m (loss narrowed by 83% from 2Q 2023).
• €0.34 loss per share (improved from €1.93 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TAG Immobilien Earnings Insights

Looking ahead, revenue is expected to fall by 38% p.a. on average during the next 3 years compared to a 16% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for TAG Immobilien that you should be aware of before investing here.

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