PATRIZIA's Preliminary FY 2024 Financial Results Align with Expectations

PATRIZIA, a key player in investment management of real assets, has released its unaudited financial outcomes for the fiscal year 2024. The company's EBITDA reached EUR 45.1 million, marking a 3.4% increase from FY 2023, aligning with anticipated results amidst a challenging revenue landscape. A proposed dividend increase to EUR 0.35 per share underlines their solid balance sheet.

Despite a slight decrease in Assets under Management, settled at EUR 56.4 billion, PATRIZIA maintained robust client engagement, closing EUR 1.8 billion investments during the year. However, overall service fee income declined to EUR 264.1 million due to reduced AUM base and fewer real estate development and debt advisory fees.

Looking forward, PATRIZIA foresees modest growth in 2025, targeting an EBITDA between EUR 40.0 and 60.0 million, supported by increased focus on cost efficiency and improved earnings quality, with ambitions to exceed EUR 100 billion in AUM by 2030.