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TAGOF - ADO Properties - Paying For The Land Getting The House For Free
Tag Immobilien Ag
Current Situation
For a summary of ADO, it´s business model and why I see value in the equity please read the previous article.
Since the idea has been published the shares appreciated to 37.30€ per share, which would have generated a return of 4.5%. However, I still see material upside on various metrics especially with the news about the rental regulation in Berlin, that has been reduced to a more “moderate” level.
What has changed since the last Publication:
Regulation in Berlin: better visibility of regulatory impact in Berlin. à positive for ADO, reduced