Patrizia Immobilien AG : Unexpected guidance increase driven by strong performance fees
>Patrizia unexpectedly increased its 2018 guidance - Yesterday afternoon (06 Nov) Patrizia (PAT) unexpectedly raised its full-year 2018 operating income guidance from € 100-110m to slightly more than € 140m, equating to an increase of +27% to +40% (!), due to stronger than expected performance fees to be booked in Q4 2018.At its press release yesterday afternoon, the company also pre-announced the key figure 9M 2018 operating income, which came in at a sound € 98...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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