PATRIZIA Soars with 566% EBITDA Surge, Raises 2025 Guidance

PATRIZIA SE, the international investment manager for smart real assets, has delivered impressive financial results for the first nine months of 2025, showcasing a remarkable turnaround driven by disciplined cost management and improving market conditions. The company reported a dramatic surge in EBITDA to EUR 44.6 million, up from just EUR 6.7 million in the same period last year, representing an EBITDA margin of 22.1% compared to 3.5% previously. This substantial improvement was achieved through rigorous efficiency measures that reduced operating expenses by 17.1% to EUR 166.0 million, while management fees of EUR 174.0 million exceeded operating costs for the first time. Under the leadership of CEO Asoka Wöhrmann and CFO Martin Praum, PATRIZIA demonstrated the resilience of its integrated real estate and infrastructure platform, with assets under management reaching EUR 56.3 billion, showing slight quarter-on-quarter growth.

The investment landscape showed clear signs of recovery as PATRIZIA's clients returned to the market with renewed confidence in real assets. Closed acquisitions surged by 41.0% to EUR 1.8 billion, indicating growing investor appetite for real estate and infrastructure investments, while closed disposals decreased to EUR 0.5 billion. The company successfully capitalized on the improving market environment by utilizing outstanding open equity commitments of EUR 1.1 billion for transactions. Equity raised from clients increased by 7.6% to EUR 0.8 billion, reflecting stable business performance despite challenging market conditions. The positive momentum was further evidenced by organic net AUM growth of EUR 0.5 billion and slightly positive asset valuations in the third quarter, signaling a potential turning point for the real assets sector.

Based on this strong performance, PATRIZIA has raised its full-year guidance significantly, now expecting EBITDA between EUR 50.0-65.0 million, up from the previous range of EUR 40.0-60.0 million, with the EBITDA margin projected at 19.0-24.0%. The company also specified its AUM guidance to EUR 56.0-60.0 billion, reflecting more conservative expectations for equity raising and investment activities. The financial improvement extended to operating cash flow, which leaped to EUR 40.2 million, comfortably covering dividend payments and enabling strategic co-investments. For more detailed information about PATRIZIA's operations and investment opportunities, interested parties can visit www.patrizia.ag and www.patrizia.foundation through the provided newmediawire platform links.