Patrizia preliminary FY dividend share EUR0.36, estimated EUR0.36

Patrizia preliminary FY dividend share EUR0.36, estimated EUR0.36

PATRIZIA Announces FY 2024 Preliminary Results and Proposes Dividend of EUR 0.35 per Share

PATRIZIA, a global real assets investment manager, reported preliminary FY 2024 financial results in line with guidance, with an EBITDA of EUR 45.1 million, a 3.4% year-over-year increase. The performance was supported by cost efficiency measures and non-revenue income, despite a challenging market environment marked by lower asset management fees and reduced performance fees.

Assets under Management (AUM) declined slightly by 1.5% to EUR 56.4 billion, reflecting negative valuation effects of EUR 0.9 billion and cash returns of EUR 0.6 billion, partially offset by EUR 1.8 billion in client investments during the year. The company deployed capital in infrastructure and real estate but faced subdued realisation activity, resulting in a total transaction volume of EUR 2.9 billion.

PATRIZIA's Board of Directors proposed a dividend of EUR 0.35 per share for FY 2024, representing a 2.9% increase year-over-year. This recommendation aligns with the company's strong balance sheet and follows seven consecutive years of dividend growth. The proposed payout will be subject to shareholder approval at the June 2025 Annual General Meeting.

Looking ahead, PATRIZIA outlined FY 2025 guidance, targeting EBITDA between EUR 40.0–60.0 million, with a focus on improving earnings quality through higher recurring fees and cost discipline. The company anticipates AUM growth to EUR 58.0–62.0 billion by year-end, driven by stabilising real asset valuations and renewed institutional investor interest. Strategic priorities include expanding in five key areas: Living, Value-add, Re-Infra & Smart City Solutions, European Infrastructure, and its Advantage Investment Partners platform.

Management emphasized cost efficiency, reducing operating expenses by EUR 30.0 million in FY 2024 to EUR 250.3 million, while organisational restructuring aimed to enhance cross-divisional collaboration. CEO Asoka Wöhrmann highlighted the company's focus on technology-driven investments and megatrends such as urbanisation and energy transition to drive long-term growth.

The proposed dividend of EUR 0.35 per share reflects PATRIZIA's resilience amid market challenges and its commitment to shareholder returns, supported by a robust balance sheet and strategic cost management.

Source: PATRIZIA FY 2024 preliminary results announcement
Source: PATRIZIA FY 2024 preliminary results details (reiterated in source materials)