Patrizia stock reports 46.6 percent H1 EBITDA growth

Published on 10/04/2026 at 23:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Patrizia stock delivered EUR 42.7 million EBITDA in H1 2026, up 46.6 percent year over year. Management kept 2026 EBITDA guidance at EUR 60 million to EUR 75 million.

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Patrizia (ISIN DE000PAT1AG3) stock was last at EUR 6.86 on Xetra on October 2, 2026 at 5:35 p.m. CEST, up 1.63 percent from the previous close. The company reported EUR 42.7 million in EBITDA for H1 2026, an increase of 46.6 percent year over year, according to EQS News on August 10, 2026.

EBITDA growth sets the tone

The H1 result gives Patrizia stock a clearer earnings anchor than the recent price action alone. In the earnings call on August 11, 2026, management said EBITDA reached EUR 43 million, while assets under management stood at EUR 55.9 billion and equity raised reached EUR 0.8 billion compared with EUR 0.3 billion a year earlier, according to Yahoo Finance.

The same call put signed transactions at EUR 1.6 billion, up more than 15 percent, while recurring management fees reached EUR 110 million. That combination points to operating leverage as the central issue for the second half, because fee income covered the operating cost base in H1 2026, according to Yahoo Finance.

Dawonia deal adds an investment test

On September 30, 2026, Patrizia acquired an additional 2.3 percent stake in OSCAR Germany SCS, which indirectly holds a 95.5 percent stake in Dawonia Real Estate. The initial purchase price was EUR 50.5 million, with a possible additional EUR 11.8 million payable if more than EUR 74.1 million is realized from a later sale or specified distributions, according to EQS News.

Analysts see room above EUR 6.86

Berenberg kept its Buy rating and EUR 9.50 price target on September 21, 2026, citing infrastructure demand and improved profitability, as reported by Finanznachrichten. The target lies 38.63 percent above the Xetra price of EUR 6.86.

The broader consensus is Buy from five analysts, with an average target of EUR 9.90, a high target of EUR 11.00 and a low target of EUR 8.50, according to MarketScreener. Against the October 2 price, the average target lies 44.31 percent higher, making the next operating update important for testing whether H1 efficiency can continue.

November brings the next report

The next scheduled checkpoint is the 9M 2026 quarterly statement on November 9, 2026, followed by an investor and analyst call on November 10, 2026, according to EQS News.

Patrizia stock stays below its yearly high

Patrizia stock was last at EUR 6.86 on Xetra on October 2, 2026 at 5:35 p.m. CEST, versus a 52-week range of EUR 6.62 to EUR 8.90. Market capitalization stood at EUR 593.1 million as of October 2, 2026.