German-based investment manager Patrizia's FY core profit rises

Patrizia SE

04/03/2026 16:53

Overview

Germany-based investment manager's FY 2025 EBITDA rose 35.4% to EUR 63m

Management fees exceeded operating expenses

Proposed dividend per share increased by 2.9% to EUR 0.36

Outlook

Patrizia expects FY 2026 EBITDA between EUR 60.0m and EUR 75.0m

Company anticipates AUM to close between EUR 55.0bn and EUR 60.0bn by end of 2026

Result Drivers

COST DISCIPLINE - Strong EBITDA growth attributed to continued cost discipline and improved performance of balance sheet seed and co-investments

MANAGEMENT FEES - Management fees of EUR 233.4m exceeded operating expenses of EUR 224.8m, enhancing financial resilience

CLIENT INTEREST - Renewed client interest in real assets with equity raised up 22.1% y-o-y, while AUM remain almost stable at EUR 56.2bn despite of negative currency effects

Company press release: ID:nEQ7SzX9Da

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Dividend
EUR 0.36
FY EBITDA
EUR 63 mln
FY EBITDA Margin
22.9%
FY Operating Expenses
EUR 224.8 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

Wall Street's median 12-month price target for Patrizia SE is €10.20, about 30.3% above its March 3 closing price of €7.83

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 39 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)