TLG Immobilien AG reported group earnings results for the first half year ended June 30, 2017. In the first six months of the year, rental income increased to EUR 78.5 million, which represents an increase of 16.1% over EUR 67.6 million reported in the same period in the previous year. Funds from operations (FFO) increased by 21.4% to EUR 46.5 million from EUR 38.3 million, due primarily to the higher result from rental and leasing activities in the steadily growing portfolio. FFO per share was EUR 0.64 against EUR 0.57 reported last year. Net operating income from letting activities was EUR 71.1 million against EUR 61.2 million reported last year. Net income was EUR 76.5 million against EUR 33.5 million reported last year. Net debt at the end of the period was EUR 889.9 million against EUR 972 million reported on December 31, 2016.

In light of the successful property acquisitions and other savings, including as a result of the refinancing measures, the Management Board of TLG IMMOBILIEN AG has revised the FFO forecast for the 2017 financial year upwards to between EUR 90 million and EUR 92 million.