TLG Immobilien has pushed forward the publication of some of its key financial indicators for 2019 in view of the current crisis on global stock markets. They show that the compaony’s EPRA Net Asset Value increased by roughly 24 percent from €26.27 to €32.69, primarily thanks to an improved valuation (€638.4m up) of the fund’s portfolio. The Berlin office component of the portfolio fared particularly well according to TLG, as has its share in Aroundtown. Funds from Operations rose 10.4 percent to €148m, bringing its FFO per share value into line with original projects for the year (€1.37). CFO Gerald Klinck said the fund has a cash balance of around €500m and that no loans were due in the near future for repayment. TLG had originally planned wait until March 31 to publish these numbers but opted to reveal some of the key numbers early in view of the current mood on global markets.
Photographer: Michael Fahrig
