TTL publishes data for 6 months of 2022 (German)

TTL Beteiligungs- und Grundbesitz-AG ^

DGAP-News: TTL Beteiligungs- und Grundbesitz-AG / Keywords:

Semi-annual results / semi-annual report

TTL Beteiligungs- und Grundbesitz-AG: TTL publishes semi-annual data

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12/08/2022 / 08:15 CET / CEST

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Munich, August 12, 2022

TTL publishes semi-annual data for 2022.

* Montano expands its product range and partnerships

* Interest in DIC Asset AG from TTL Real Estate up to 8.22 percent


* Forecast for the entire year specified

TTL Beteiligungs- und Grundbesitz-AG (“TTL”, “TTL AG”) (ISIN

DE0007501009) today published its results for the first half of 2022.

released. All TTL holdings have been in the past six months

important strategic milestones have been achieved and increasingly

has fared well in the challenging market environment of the real estate investment market.

“We have holdings with successful business models

DIC Asset AG and Montano Real Estate GmbH are involved in the expansion

their current business areas and the development of new areas,

important milestones have been reached. For this TTL development

it will benefit in the future as well, ”says Theo Reichert, CEO of TTL AG.

Investments expand the core business

DIC Asset AG (“DIC”), 8.22 percent stake in TTL Real Estate

GmbH has successfully implemented the planned expansion in the logistics sector.

With the acquisition of a 60 percent stake in VIB Vermögen AG (“VIB”)

holds the position of leading office and logistics specialist in German

The commercial real estate market is clearly established and the basis for more

successful growth located.

TTL Real Estate received, in which TTL AG owns 50 percent of the shares

from DIC in the first half of 2022, payment of a dividend in the amount of

EUR 5 million (previous year EUR 4.4 million) for 2021, of which EUR 2 million

(previous year: EUR 1.3 million) in cash and EUR 3 million (previous year: EUR 3.1 million)

through the issue of 215,000 new shares in DIC. As a result and as a result

further share purchases, TTL Real Estate AG has its shares in DIC

Asset AG with 7.95 percent. up to 8.22 percent in the first half of 2022


At the same time, Montano Real Estate GmbH (“Montano”), on

TTL owns 50 percent of the shares, developing its business model like

planned: On the one hand, by expanding the logistics partnership with

Carlyle’s global investment manager. Here, the size of the portfolio has been increased to 300

million has increased. The goal is to keep increasing the overall portfolio

through acquisitions of up to EUR 500 million. Added to this was the multi-investor edition

Special fund “Montano Public Sector Fund I” with which Montano ich

A new segment has been added to the assortment. The fund acquires

only basic real estate in the area of ​​office real estate with the state or

government users. In addition, Montano has other big ones

Transactions with known partners also lead to the first real estate acquisition

Montano own realized balance: Headquarters in Duisburg in Q1

with volumes reaching double-digit million euros. From

Montano, TTL shares generated a dividend in H1 2022.

The amount of EUR 0.8 million.

“TTL wants to continue to expand its revenue streams. That’s why we check

appropriate high-yield investment opportunities, ours

investment strategy and supplement the existing TTL portfolio “,

so Reichert on.

A solid basis for further development

As of June 30, 2022, TTL had total assets of EUR 157.6 million

(31 December 2021: EUR 161.3 million). Capital is basically

Dividend-related decline of 9.1 percent up to EUR 46.7 million (31

December 2021: EUR 51.4 million), corresponding to an equity ratio of 29.6 percent

(December 31, 2021: 31.9%). Long term

Financial liabilities slightly increased by 1.2% to 109.9

million euros slightly above the previous year’s level (31 December 2021: 108.6 million euros).

TTL is EUR 156.6 million (31 December 2021: EUR 160.0 million)

financed with equity and long-term debt. It fits with

99.4 percent of its balance sheet total (December 31, 2021: 99.2 percent).

The consolidated TTL result in the first half of 2022 is EUR 0.3 million

EUR 0.8 million in the previous year. The decline is due in particular to

compared to the previous year, lower volume of transactions and revenues at the level of

TTL subsidiaries. There is basically one reason for this

lower result of TTL Real Estate GmbH due to 0.9 million euros

lower DIC Asset AG proportional result.

Revenue from management services for associates

existed in the first half of 2022.

EUR 0.9 million compared to EUR 0.8 million in the first half of 2021.

TTL generated investment income in the first half of the year

Interest and investment income of EUR 1.0 million (previous year on the balance sheet)

EUR 1.5 million). TTL Real Estate delivered one in the first half of the year

Post via

EUR 0.4 million (previous year EUR 1.1 million, including the dormant partnership) in

Group result of TTL AG. Montano’s share of the profits came first

H1 2022 EUR 0.5 million (H1 2021: EUR 0.4 million).

At the same time, TTL interest costs decreased and remained stable

EUR 0.4 million in the reporting period (H1 2021: EUR 0.5 million). In fact

financial result (interest and investment) is 0.6 million

EUR (H1 2021: EUR 1.0 million).

The half-year result after tax is around EUR 0.5 million versus EUR 0.3 million

below the prior-year period by EUR 0.8 million. the background is in front

mainly due to lower income from holding companies

reduced transaction volume.

TTL has an attractive investment portfolio and is working on it

broadening the investment base. The company is very good at this

positioned. We expect the transactional markets to improve in the second year

Half-year recovery, and against this background, expect one

Consolidated profit before tax from 2.5 to 3.0 million euros.

Key data for the first half of the year from January 1 to June 30, 2022

TTL AG | Group according to IFRS

in thousands of euros, unless otherwise stated

Balance sheet data June 30, 2022 December 31, 2021

Financial assets 127 260 127 495

Equity 46 691 51 431

Liabilities due to long-term loans 109,916 108,583

Total assets 157 600 161 337

Key figures of the profit and loss account 1st half of 2022 1st half of 2021

Revenues 914 775

Investment income and interest 1 008 1 506

Net profit 282 836

Earnings per share (in Euro) 0.01 Euro 0.04 Euro

The full 2022 semi-annual report is available on the TTL AG website

available for download at:ów/finanzberichte.html

About TTL Beteiligungs- und Grundbesitz-AG

TTL Beteiligungs- und Grundbesitz-AG (ISIN DE0007501009 / stock abbreviation

TTO) is a company specializing in the German commercial real estate market

listed holding company. The goal is how

Holding company to make profitable investments and accompany them

and develop it further in order to participate in its growth in value and

Permanently increase the earning power of TTL AG in the interests of shareholders.

TTL invests in both private and publicly traded companies

real estate companies with high dividends. TTL also participates

via platforms on real estate projects and real estate being for them

Investments from the TTL Group in addition to capital

Mezzanine financing can be made available.

The company based in Munich is represented by TTL Real Estate GmbH

Listed real estate companies with high dividends, primarily DIC

AG assets, invested. At the same time, the public is involved in:

Realization of real estate projects, creating added value of existing real estate and portfolios

and also plans to invest in other real estate portfolios in the future

invest. TTL AG has held shares in the company since the end of 2020

Montano property management company, also based in Munich

Real Estate Sp.

Contact with TTL for investors and the press

Annette Kohler Kruse

Instinctive Partners

Telephone +49 89 3090 5189-23

[email protected]

[email protected]

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08.12.2022 CET / CEST Publication of corporate news / financial announcement,

provided by DGAP – EQS Group AG service.

The issuer / publisher is responsible for the content of the application.

DGAP’s distribution services include statutory reporting requirements,

Corporate / financial news and press releases.

Media archive at

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Company: TTL Beteiligungsund Grundbesitz-AG

Theresienhöhe 28

80339 Munich


Telephone: +49 (0) 89 381611-0

Fax: +49 (0) 89 3915-92

E-mail: [email protected]


ISIN: DE0007501009

WKN: 750100

Exchanges: Regulated market in Frankfurt (General Standard);

Open market in Berlin, Düsseldorf, Munich, Stuttgart,


EQS NewsID: 1419079

End of news DGAP news service

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1419079 08/12/2022 CET / CEST


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