PATRIZIA SE

XTRA:PAT Stock Report

Market Cap: €639.8m

PATRIZIA Future Growth

Future criteria checks 2/6

PATRIZIA is forecast to grow earnings and revenue by 16.3% and 2.4% per annum respectively. EPS is expected to grow by 16.2% per annum. Return on equity is forecast to be 2.6% in 3 years.

Key information

16.3%

Earnings growth rate

16.19%

EPS growth rate

Real Estate earnings growth2.7%
Revenue growth rate2.4%
Future return on equity2.63%
Analyst coverage

Low

Last updated15 Jul 2026

Recent future growth updates

Recent updates

Analysis Article • Jul 15

Should You Investigate PATRIZIA SE (ETR:PAT) At €7.42?

While PATRIZIA SE ( ETR:PAT ) might not have the largest market cap around , it saw significant share price movement...
Narrative Update • Jun 26

PAT: Rising Dividend Track Record Will Support Future Income Appeal

Analysts have lowered their price target on PATRIZIA from €12.20 to €11.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that change their overall valuation outlook for the stock. What’s in the News for PATRIZIA PATRIZIA SE approved a dividend of €0.36 per share for the 2025 financial year at its AGM on 10 June 2026.
Narrative Update • Jun 02

PAT: Future Upside Will Depend On Sustained Dividend Increases And Yield Support

Analysts have maintained their €9.86 price target for PATRIZIA, citing relatively stable assumptions regarding fair value, discount rate, revenue growth, profit margin and future P/E as the basis for their view. What's in the News PATRIZIA SE Board of Directors proposed a dividend per share of €0.36 for Fiscal Year 2025, compared with €0.35 for 2024, based on the company’s communicated dividend policy and its financial progress in 2025, including operating cash flow, EBITDA, net profit and balance sheet ratios, according to a key developments update.
Narrative Update • May 18

PAT: Future Upside Will Rely On Sustained Dividend Increases And Yield Support

Analysts now hold their price target for PATRIZIA steady at €9.86, with the unchanged view reflecting updated assumptions that combine a slightly lower discount rate with adjusted expectations for revenue growth, profit margins and future P/E multiples. What's in the News PATRIZIA SE Board of Directors proposed a dividend per share of €0.36 for Fiscal Year 2025, compared with €0.35 for 2024, in line with the company’s communicated dividend policy and linked to operating cash flow, EBITDA, net profit and balance sheet ratios, including a net equity ratio reported as well above 70% (Key Developments).
Narrative Update • May 03

PAT: Future Upside Will Rely On Rising Dividend And Yield Support

Analysts have slightly reduced their price target for PATRIZIA to €9.86 from €10.04, citing updated assumptions for revenue growth, profit margins and future P/E. Together, these factors point to a modestly lower fair value estimate.
Narrative Update • Apr 14

PAT: Future Upside Will Rely On Sustained Dividend Increases And Yield Support

Analysts have adjusted their price target on PATRIZIA to reflect updated assumptions for revenue growth of 1.10%, a profit margin of 10.49% and a future P/E of 39.14x, while keeping fair value broadly aligned at €10.04. What's in the News PATRIZIA SE announced an annual dividend of €0.36 per share, payable on June 15, 2026, with an ex date of June 11, 2026 and a record date of June 12, 2026 (Key Developments).
Narrative Update • Mar 31

PAT: Future Upside Will Rely On Rising Dividend Yield And Margin Strength

Analysts have trimmed their price target for PATRIZIA from €10.44 to €10.04, citing updated assumptions around a slightly higher discount rate, a change in revenue expectations, a more favorable profit margin outlook, and a lower future P/E multiple. What's in the News The Board of Directors has proposed a dividend per share of €0.36 for Fiscal Year 2025, compared with €0.35 for 2024, in line with the existing dividend policy (Key Developments).
Analysis Article • Mar 31

Analysts Are Betting On PATRIZIA SE (ETR:PAT) With A Big Upgrade This Week

PATRIZIA SE ( ETR:PAT ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...
Narrative Update • Mar 17

PAT: Future Upside Will Rely On Sustained Dividend Increases And Supportive P E Assumptions

Analysts have trimmed their price target for PATRIZIA from €10.61 to €10.44, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E levels. What's in the News PATRIZIA SE Board of Directors proposed a dividend per share of €0.36 for Fiscal Year 2025, compared with €0.35 for 2024, reflecting a 2.9% uplift in the payout.
Narrative Update • Mar 02

PAT: Future Upside Will Rely On Higher Margins And Supportive P E Assumptions

Analysts have slightly raised their price target on PATRIZIA from €10.54 to €10.61, citing updated assumptions for discount rates, profit margins and longer term P/E expectations. Valuation Changes Fair Value: revised slightly from €10.54 to €10.61.
Narrative Update • Feb 16

PAT: Future Upside Will Rely On Stable Margins And Steady Outlook

Analysts have kept their fair value estimate for PATRIZIA steady at €10.54, with only very small technical adjustments to the discount rate, revenue growth assumptions, profit margin and future P/E, resulting in an unchanged overall price target view. Valuation Changes Fair Value: Kept unchanged at €10.54, indicating a stable overall valuation outcome.
Narrative Update • Feb 02

PAT: Outlook Will Improve As Stable Assumptions Support Long Term Profitability

Analysts kept their price target for PATRIZIA broadly unchanged at around €10.54. They cited only very small adjustments to the discount rate, long-term revenue growth, profit margin assumptions and future P/E expectations.
Narrative Update • Jan 19

PAT: Outlook Will Improve As Higher Margins Support Long Term Profitability

Analysts have raised their price target for PATRIZIA slightly from €10.45 to €10.54, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Valuation Changes The fair value estimate has been adjusted slightly higher from €10.45 to €10.54 per share.
Narrative Update • Jan 05

PAT: Outlook Will Improve As Lower Risk Supports Higher Long Term Profitability

Analysts have modestly raised their price target on PATRIZIA from €10.23 to €10.45, reflecting slightly lower perceived risk and marginally improved long term profitability and valuation assumptions. Valuation Changes Fair Value Estimate has risen slightly from €10.23 to €10.45 per share, reflecting a modestly higher assessment of long term intrinsic value.
Narrative Update • Dec 15

PAT: Outlook Will Improve As Lower Risk Assumptions Support Rising Fair Value

Analysts have nudged their price target for PATRIZIA slightly higher, from €10.18 to €10.23, citing a marginally lower discount rate while maintaining stable assumptions for growth, profitability, and valuation multiples. Valuation Changes Fair Value Estimate has risen slightly from €10.18 to €10.23 per share, reflecting a modest uplift in intrinsic valuation.
Analysis Article • Nov 29

Does PATRIZIA (ETR:PAT) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update • Nov 27

PAT: Outlook Will Improve With Rising Fair Value And Moderate Profitability

Analysts have raised their price target for PATRIZIA from €9.36 to €10.18, citing adjustments in projected growth rates and updated expectations for profitability. Valuation Changes Fair Value: Increased from €9.36 to €10.18, reflecting a modest upward adjustment.
Analysis Article • Oct 30

What Does PATRIZIA SE's (ETR:PAT) Share Price Indicate?

While PATRIZIA SE ( ETR:PAT ) might not have the largest market cap around , it received a lot of attention from a...
New Narrative • Aug 28

Real Estate Cycles Will Deliver Opportunity Yet Face Uncertainties

Key Takeaways Stabilizing real estate values and growing investor confidence are set to drive higher AUM, recurring fees, and improved margin performance. Strong demand for infrastructure and living assets, alongside global client diversification, is fueling sustainable growth and greater operating efficiency.
Analysis Article • Apr 18

We Like The Quality Of PATRIZIA's (ETR:PAT) Earnings

PATRIZIA SE ( ETR:PAT ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...
Analysis Article • Oct 24

Take Care Before Diving Into The Deep End On PATRIZIA SE (ETR:PAT)

PATRIZIA SE's ( ETR:PAT ) price-to-sales (or "P/S") ratio of 2.5x might make it look like a buy right now compared to...
Analysis Article • Jun 14

Is PATRIZIA SE (ETR:PAT) Potentially Undervalued?

PATRIZIA SE ( ETR:PAT ), might not be a large cap stock, but it saw significant share price movement during recent...
Analysis Article • Mar 14

Many Still Looking Away From PATRIZIA SE (ETR:PAT)

PATRIZIA SE's ( ETR:PAT ) price-to-sales (or "P/S") ratio of 2.2x might make it look like a buy right now compared to...
Analysis Article • Sep 28

Is PATRIZIA (ETR:PAT) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jul 31

At €9.30, Is PATRIZIA SE (ETR:PAT) Worth Looking At Closely?

PATRIZIA SE ( ETR:PAT ), might not be a large cap stock, but it saw a decent share price growth in the teens level on...
Analysis Article • Jun 20

Calculating The Intrinsic Value Of PATRIZIA SE (ETR:PAT)

Key Insights PATRIZIA's estimated fair value is €10.15 based on 2 Stage Free Cash Flow to Equity PATRIZIA's €9.76 share...
Analysis Article • May 05

PATRIZIA (ETR:PAT) Is Increasing Its Dividend To €0.33

PATRIZIA SE's ( ETR:PAT ) dividend will be increasing from last year's payment of the same period to €0.33 on 30th of...
Analysis Article • May 01

Should You Investigate PATRIZIA SE (ETR:PAT) At €9.74?

PATRIZIA SE ( ETR:PAT ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Analysis Article • Apr 05

PATRIZIA's (ETR:PAT) Shareholders Will Receive A Bigger Dividend Than Last Year

PATRIZIA SE ( ETR:PAT ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article • Mar 20

Does PATRIZIA (ETR:PAT) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article • Mar 02

PATRIZIA (ETR:PAT) Is Paying Out A Larger Dividend Than Last Year

PATRIZIA SE ( ETR:PAT ) will increase its dividend on the 30th of May to €0.33, which is 3.1% higher than last year's...
Analysis Article • Feb 17

A Look At The Intrinsic Value Of PATRIZIA SE (ETR:PAT)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of PATRIZIA SE ( ETR:PAT...
Analysis Article • Dec 10

These 4 Measures Indicate That PATRIZIA (ETR:PAT) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Earnings and Revenue Growth Forecasts

XTRA:PAT - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282892927474
12/31/20272802526464
12/31/20262722027454
12/31/2025258185758N/A
9/30/2025257395150N/A
6/30/2025254263740N/A
3/31/202525816-14-1N/A
12/31/202425613-613N/A
9/30/2024271-371943N/A
6/30/2024285-203960N/A
3/31/2024288-166173N/A
12/31/2023292-66371N/A
9/30/2023310-29095N/A
6/30/202331908390N/A
3/31/2023328894100N/A
12/31/20223467115121N/A
9/30/2022333348895N/A
6/30/2022336366571N/A
3/31/2022340453239N/A
12/31/2021318482229N/A
9/30/202130834-90N/A
6/30/2021294314756N/A
3/31/2021294427083N/A
12/31/2020302386983N/A
9/30/2020379516379N/A
6/30/2020367426682N/A
3/31/2020408518594N/A
12/31/2019399534857N/A
9/30/201935440N/A-12N/A
6/30/201937146N/A-34N/A
3/31/201932731N/A-104N/A
12/31/201835152N/A-53N/A
9/30/201832780N/A41N/A
6/30/201830478N/A49N/A
3/31/201829182N/A128N/A
12/31/201725055N/A17N/A
9/30/201732549N/A-12N/A
6/30/201734551N/A19N/A
3/31/201737030N/A6N/A
12/31/2016818238N/A503N/A
9/30/2016804257N/A525N/A
6/30/2016861313N/A528N/A
3/31/2016826321N/A471N/A
12/31/2015385111N/A90N/A
9/30/201539193N/A150N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAT's forecast earnings growth (16.3% per year) is above the savings rate (1.9%).

Earnings vs Market: PAT's earnings (16.3% per year) are forecast to grow faster than the German market (15.9% per year).

High Growth Earnings: PAT's earnings are forecast to grow, but not significantly.

Revenue vs Market: PAT's revenue (2.4% per year) is forecast to grow slower than the German market (6.6% per year).

High Growth Revenue: PAT's revenue (2.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PAT's Return on Equity is forecast to be low in 3 years time (2.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/22 01:33
End of Day Share Price 2026/07/22 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

PATRIZIA SE is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai KloseBerenberg
Lars Vom-CleffDeutsche Bank
Thomas MartinHSBC