Q3 2025 Patrizia SE Earnings Call Transcript

Nov 13, 2025 / 10:59 AM GMT

Transcript

Key Points

Positve

Patrizia SE (WBO:P1Z) reported a strong EBITDA growth to €44.6 million, significantly improving their EBITDA margin to 22.1%, up from last year's 3.5%.
The company has successfully implemented a new organizational setup, enhancing operational efficiency and maintaining strict cost discipline.
Assets under management (AUM) increased slightly to €56.3 billion, driven by net organic growth and positive valuation effects.
Patrizia SE (WBO:P1Z) closed three major real estate acquisitions in Q3 2025, indicating a resurgence in transaction activity.
The company has a strong focus on sector-specific investment strategies driven by dual mega trends, such as digital, urban, energy, and living transitions, which are expected to offer attractive long-term returns.

Negative

The market recovery is slower and bumpier than expected, impacting the speed of growth in AUM.
Currency effects continue to weigh on AUM, leading to a virtually stable overall AUM development compared to the beginning of the year.
Transaction and performance fees remain under pressure, contributing less to revenues compared to last year.
The company had to slightly lower its AUM guidance range for 2025 due to slower market recovery and currency effects.
Despite improvements, the overall level of equity raised and the timing of closing investment transactions remain uncertain, affecting future growth projections.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PATGn.DE - Patrizia SE
Q3 2025 Patrizia SE Earnings Call
Nov 11, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good day and a warm welcome to today's conference call of the PatriziaSE following the publication of the nine-month financial results of 2025. Kindly note that every participant is in a listen-only mode, but following the presentation, we will move over to Q&A session where we will be happy to take your questions in person by the audio line.

Having said this, I hand over to Protuzia's director of investor relations, Yanina Roscher.

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Unidentified_2 [2]
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Thank you, Sarah. Welcome everyone to our analyst and investor call for 9 months 2025. This is Yanina speaking

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