Resilient AUM and Equity Growth Highlight PATRIZIA's Q3 2024 Results Amid Muted Market

• PATRIZIA SE's Q1 2024 financial results show a 22.6% year-on-year increase in signed transactions and growth in equity raised, despite a challenging market environment.
• Assets under management (AUM) stand at EUR 56.7bn, a slight decrease from FY 2023's EUR 57.3bn due to modest valuation pressure.
• Total service fee income was EUR 72.5m, down from EUR 83.7m in Q1 2023, reflecting continued low overall investment and transaction market activity.
• EBITDA for Q1 2024 was EUR 17.3m, down from EUR 27.2m in Q1 2023, but on track to achieve full year guidance of EUR 30.0m - 60.0m.
• The Annual General Meeting on 12 June 2024 will decide on a dividend per share of EUR 0.34 for FY 2023, payable on 17 June 2024.
• PATRIZIA confirms its financial guidance for FY 2024 with AUM in a range between EUR 54.0bn - 60.0bn and an EBITDA of between EUR 30.0m - 60.0m.

The next important date, PATRIZIA SE | 3M 2024 Interim report with conference call for investors and analysts, at PATRIZIA is on 15.05.2024.

The price of PATRIZIA at the time of the news was 8,6200EUR and was down -2,27 % compared with the previous day.
At this time, the index SDAX was at 15.072,83PKT (+1,34 %).

PATRIZIA

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ISIN:DE000PAT1AG3WKN:PAT1AG

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