TLG IMMOBILIEN AG's management board will propose a dividend of 82 euro cents per share for full-year 2017 at the company's general meeting on May 25.

The dividend is an improvement from the year-ago payout of 80 cents per share.

In reporting its results for full-year 2017, the company said it expects its funds from operations for the 2018 financial year to increase to between €125 million and €128 million, from €102.7 million in 2017.