Duyuru • Jun 01
AS Trigon Property Development, Annual General Meeting, Jun 19, 2026 AS Trigon Property Development, Annual General Meeting, Jun 19, 2026, at 10:00 FLE Standard Time. Location: parnu mnt 18, tallinn, 10141, iv floor, Estonia New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€300k revenue, or US$351k). Market cap is less than US$10m (€2.92m market cap, or US$3.43m). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€332k revenue, or US$387k). Market cap is less than US$10m (€3.10m market cap, or US$3.62m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (€332k revenue, or US$390k). Market cap is less than US$10m (€3.01m market cap, or US$3.54m). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Duyuru • May 31
AS Trigon Property Development, Annual General Meeting, Jun 20, 2025 AS Trigon Property Development, Annual General Meeting, Jun 20, 2025, at 10:00 FLE Standard Time. Location: parnu mnt 18, tallinn 10141, iv floor., Estonia New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (€332k revenue, or US$360k). Market cap is less than US$10m (€3.19m market cap, or US$3.47m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Duyuru • Feb 05
AS Trigon Property Development Elects Alo Nõmmik as New Member of the Management Board The Supervisory Board of AS Trigon Property Development decided to elect Alo Nõmmik as a new member of the management board, whose mandate begins on February 4, 2025 and is valid for 3 years. Alo Nõmmik joined the Trigon Capital group in May 2024 as the Head of Real Estate Development. Previously, Alo Nõmmik worked as the CEO of Kaamos Ehitus OÜ and as the construction and real estate director of AS Restor. Alo has graduated from Tallinn University of Technology (TalTech) with a degree in construction engineering and has been involved in real estate development and construction since 1993, both in Estonia and abroad. As of February 4, 2025 the management Board will continue with two Management Board members: Rando Tomingas and Alo Nõmmik. Duyuru • Jun 08
AS Trigon Property Development, Annual General Meeting, Jun 26, 2024 AS Trigon Property Development, Annual General Meeting, Jun 26, 2024, at 10:00 FLE Standard Time. Location: at parnu mnt 18, tallinn, 10141, iv floor, tallinn Estonia New Risk • Feb 29
New major risk - Revenue and earnings growth Earnings have declined by 9.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 9.9% per year over the past 5 years. Revenue is less than US$1m (€27k revenue, or US$29k). Market cap is less than US$10m (€2.92m market cap, or US$3.15m). New Risk • Dec 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Revenue is less than US$1m (€27k revenue, or US$29k). Market cap is less than US$10m (€3.51m market cap, or US$3.82m). Duyuru • Jun 23
AS Trigon Property Development Announces Changes in the Supervisory Board The general meeting of AS Trigon Property Development decided to elect Aivar Kempi as a new member of the Supervisory Board starting from June 21, 2023 for the next 5 years, replacing Alo Lepp (deceased). AS Trigon Property Development's Supervisory Board continues with three members: Joakim Johan Helenius (chairman), Torfinn Losvik and Aivar Kempi. Aivar Kempi (born 24.09.1958) has obtained an industial civil engineer degree from Tallinn University of Technology and has worked in real estate sector for over 30 years. Among other things, he has been the development division director at AS Merko Ehitus (1997-2005) and the head of the real estate department at AS Trigon Capital (2005-2018). Since 2018, Aivar Kempi has been offering independent real estate development advisory services through AKPC OÜ, of which he is also a member of the board. In addition, Aivar Kempi holds the position of board member in the following companies: Aikuvar OÜ, Chester Universal OÜ, Padula Property OÜ, Krillimäe Invest OÜ, Trigon Hartwall Ukrainian Properties AS and Gate Tallinn East OÜ. Aivar Kempi does not own any AS Trigon Property Development shares. New Risk • Jun 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Revenue is less than US$1m (€401k revenue, or US$436k). Market cap is less than US$10m (€3.82m market cap, or US$4.15m). Duyuru • Jun 01
AS Trigon Property Development, Annual General Meeting, Jun 21, 2023 AS Trigon Property Development, Annual General Meeting, Jun 21, 2023, at 10:00 E. Europe Standard Time. Location: Pärnu mnt 18 Tallinn Estonia Agenda: To consider the annual report of the Company for the financial year 2022; to consider allocation of profits for the financial year 2022; to consider appointment of the auditor for the financial year 2023 and determining the remuneration policy for the auditor; to consider changes in the Supervisory Board; and to consider such other business. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 69% share price gain to €1.20, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 11x in the Real Estate industry in Germany. Total returns to shareholders of 469% over the past three years. Upcoming Dividend • Oct 06
Upcoming dividend of €0.03 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 20 October 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.4%). In line with average of industry peers (5.9%). Duyuru • Sep 30
AS Trigon Property Development Approves Dividends to the Shareholders, Payable on 20 October 2022 AS Trigon Property Development approved dividends to the shareholders in the amount of EUR 134,972 that is EUR 0.03 per share. The list of shareholders entitled to receive dividends will be established as at 14 October 2022 as at the end of the business day of Nasdaq CSD’s Estonian settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 13 October 2022. From this day onwards, persons acquiring the shares will not have the right to receive dividends. Dividends shall be disbursed to the shareholders on 20 October 2022 at its extraordinary general meeting held on 29 September 2022. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improved over the past week After last week's 73% share price gain to €1.17, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 13x in the Real Estate industry in Germany. Total returns to shareholders of 351% over the past three years. Duyuru • Sep 02
AS Trigon Property Development Proposes Dividend, Payable on 20 October 2022 AS Trigon Property Development proposed to extraordinary general meeting of shareholders to be held on 29 September 2022 to pay dividends to the shareholders in the amount of EUR 134,972 i.e. EUR 0.03 per share. The list of shareholders entitled to receive dividends will be established as at 14 October 2022 as at the end of the business day of Nasdaq CSD’s Estonian settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 13 October 2022. Dividends shall be disbursed to the shareholders on 20 October 2022. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 63% share price gain to €1.12, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Real Estate industry in Germany. Total returns to shareholders of 437% over the past three years. Duyuru • Jun 11
AS Trigon Property Development Announces Dividend for the Year 2021, Payable on 22 June 2022 AS Trigon Property Development announced that at the AGM, the company will pay a dividend of EUR 0.13 per share on 22 June 2022. The ex-date for the change of the rights related to the shares of the company is 15 June 2022. Upcoming Dividend • Jun 08
Upcoming dividend of €0.13 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 22 June 2022. Trailing yield: 12%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (4.0%). Duyuru • May 12
AS Trigon Property Development, Annual General Meeting, Jun 01, 2022 AS Trigon Property Development, Annual General Meeting, Jun 01, 2022, at 14:00 E. Europe Standard Time. Location: at the Company’s office, at Pärnu mnt 18 Tallinn Estonia Agenda: To consider the approval of the annual report of the company for the financial year 2021; to consider the allocation of profits for the financial year 2021; to consider the appointment of the auditor for the financial year 2022 and determining the remuneration policy for the auditor; to consider the extension of the term of office of a member of the supervisory board; and to consider the approval of the principles of remuneration of the members of the management board. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 66% share price gain to €1.49, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 16x in the Real Estate industry in Germany. Total returns to shareholders of 333% over the past three years. Is New 90 Day High Low • Feb 12
New 90-day high: €0.57 The company is up 56% from its price of €0.37 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: €0.48 The company is up 28% from its price of €0.37 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 1.0% over the same period. 
