Weaker markets impact PATRIZIA’s 9M 2022 EBITDA: AUM and recurring management fees still growing but FY 2022 guidance adjusted

PATRIZIA SE reports 9M 2022 financial results.

PATRIZIA SE, a leading partner for global real assets, reports 9M 2022 financial results. Assets under Management (AUM) and the associated recurring management fees continued to grow, almost offsetting the declines in transaction and performance fees.

Although the transaction market for real estate and infrastructure slowed down over the course of the first nine months of 2022 due to increased geopolitical risks, high inflation and rising interest rates, PATRIZIA was able to sign transactions of around EUR 4.5bn (+20.2% y-o-y) for its global clients. In the same period, EUR 5.0bn in transactions were closed, an increase of 52.8% y-o-y with net acquisitions of assets contributing to growth in AUM.

AUM increased 17.4% y-t-d to EUR 57.1bn as at 30 September 2022 (31 December 2021: EUR 48.6bn) which was driven by the completion of the Whitehelm Capital M&A transaction, continued organic growth and positive valuation effects. Furthermore, EUR 1.8 bn of new equity was raised. In a challenging market environment, this is equivalent to a decrease of only 11.8% (9M 2021: EUR 2.1bn).

You can now read the full press release at the link below