PATRIZIA Sees EBITDA Growth Amid Challenging Market Conditions

PATRIZIA SE reported a significant improvement in its financial performance for the first quarter of 2025. Despite a slight decline in total service fee income to EUR 68.2 million, the company's EBITDA saw an 11.5% increase to EUR 16.8 million, driven by efficiency gains and tight cost control. Operating expenses fell significantly, more than offsetting the decline in fees.

The company experienced an organic asset under management (AUM) growth of EUR 0.8 billion, achieving its best quarter in terms of organic growth since late 2023. However, valuation effects negatively impacted AUM, which slightly decreased year-to-date to EUR 56.1 billion.

PATRIZIA's Annual General Meeting on June 4, 2025, will discuss a proposed dividend of EUR 0.35 per share. Looking ahead, the company maintains a positive outlook, confirming its financial guidance for 2025 with AUM expected between EUR 58.0 and 62.0 billion and an EBITDA margin of 15.2% to 20.8%.