DGAP-News

PATRIZIA SE: PATRIZIA delivers robust performance in uncertain market environment

DGAP-News: PATRIZIA SE / Key word(s): Half Year Results/Half Year Report PATRIZIA SE: PATRIZIA delivers robust performance in uncertain market environment 11.08.2022 / 17:34 CET/CEST The issuer is solely responsible for the content of this announcement.

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• Assets under management increase to EUR 56.2bn (+16.7% y-o-y) and signed transaction volume improves 31.5% y-o-y
• Total service fee income stable at EUR 161.6m (-1.8% y-o-y) with double-digit growth of the most important and recurring revenue contributor management fees to EUR 116.4m (+11.9% y-o-y)
• EBITDA of EUR 54.5m (-9.5% y-o-y) shows resilience in volatile market, while PATRIZIA continues to invest and further internationalises the platform (Net operating expenses at
  EUR 114.6m, +4.5% y-o-y)
• Strong balance sheet with available liquidity of EUR 401.2m to accelerate organic growth in infrastructure, expanding geographical footprint and taking advantage of new strategic opportunities

Augsburg, 11 August 2022. PATRIZIA SE, a leading partner for global real assets, published its H1 2022 financial results today. In a volatile and fast changing market environment driven by geopolitical risks, elevated inflation and rising interest rates, PATRIZIA continues to demonstrate a robust financial performance as well as resilience based on its asset-light investment management business model and its increasingly diversified international product offering in real estate and infrastructure.

Assets under management (AUM) recorded double-digit growth of 16.7% y-o-y to EUR 56.2bn, driven by the successful closing of the Whitehelm Capital acquisition, continued positive valuation effects as well as organic growth via new investment solutions offered to the Group's global client base.

PATRIZIA has strategically diversified its AUM base over the last few years, now offering a resilient mix of real estate and infrastructure (11% share) across geographies with meanwhile 47% of AUM in international, especially established European markets.

While the European real estate transaction market stagnated, PATRIZIA signed EUR 2.7bn in transactions (+31.5% y-o-y) and even closed EUR 3.6bn (+33.0% y-o-y) of transactions on behalf of its global clients in H1 2022.