Report
Manuel Martin, CEFA,CREA

Patrizia AG : We revise down our estimates, with our FY 2021e forecast remaining at the upper part of the guidance range – We stick to our structural growth case

>Patrizia has guided for a busy Q4 2021 - During its Q3 reporting in November 2021, Patrizia (PAT) underlined that it has good visibility on Q4 2021 transactions, anticipating a busy Q4. Therefore, management narrowed its 2021e operating income guidance range to € 115m-135m from € 100-145m during its Q3 reporting.We revised down our operating income estimates but our projections remain within the company´s mid-term growth guidance - Ahead of PAT´s rep...
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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