Report
Manuel Martin, CEFA,CREA

Patrizia AG : Looking beyond 2020 – we raise our target price for Patrizia

>We have updated our model and adjusted our estimates - We have updated our model based on the information given during Patrizia´s (PAT) Q1 2020 reporting in May. During its earnings reporting, the company broadened its FY 2020 guidance for its operating income to a range of € 100-140m from € 120m-140m previously in order to reflect the as yet uncertain COVID-19 impact on European real estate investment markets throughout FY 2020e. PAT is confident on delivering on th...
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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