TAG Immobilien Third Quarter 2024 Earnings: EPS: €0.16 (vs €0.16 in 3Q 2023)

TAG Immobilien (ETR:TEG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €318.5m (down 1.3% from 3Q 2023).
• Net income: €36.5m (up 26% from 3Q 2023).
• Profit margin: 12% (up from 9.0% in 3Q 2023).
• EPS: €0.16 (up from €0.16 in 3Q 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 34% p.a. on average during the next 3 years compared to a 11% decline forecast for the Real Estate industry in Germany.

Performance of the German Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with TAG Immobilien, and understanding this should be part of your investment process.

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