Report
Manuel Martin, CEFA,CREA

Patrizia AG : Ability to increase AuM seems to become even stronger

>Preliminary FY 2021 figures were somewhat lukewarm but… - In our First Take of 24 February, we already commented that Patrizia (PAT) reported preliminary FY 2021 key figures which were mostly below our estimates and consensus, being at the lower end of PAT´s guidance range except AuM of € 48.6bn which was below PAT´s guidance range of € 50.0bn-53.0bn. The lower-than-expected AuM was a combination of more disposals for clients than anticipated and a delay of certain p...
Underlying
PATRIZIA AG

Patrizia Immobilien is engaged in the purchasing, management, appreciation and sale of residential and commercial real estate. Co. operates via two operating segments. The Investments segment primarily bundles portfolio management and the sale of own investments while the Management Services segment covers a range of real estate services, in particular analysis and advice during the purchase and sale of individual residential and commercial properties or portfolios, the management of real estate, management of real estate portfolios as well as consultation with regard to investment strategy, portfolio planning and allocation and the execution of investments.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Manuel Martin, CEFA,CREA

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