Patrizia SE : Muted transaction activity might continue in 2024e flattening EBITDA
>We expect q-o-q improved Q3 2023 results but significantly weaker y-o-y - Patrizia (PAT) is due to report its Q3 2023 results on 14 November. Reports from real estate brokers point again to a very inactive transaction market in Q3 but, after it released some transaction news flow during Q3, we expect PAT to report Q3 2023 results ahead of Q2 2023, albeit still significantly weaker y-o-y. We expect total service fee income to be down 14.8% y-o-y to € 73.9m, as we ass...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.
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.
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