PATRIZIA AG: PATRIZIA Annual Report 2020 published: Dividend increase for the third time in a
row confirms strong and resilient business model

^
DGAP-News: PATRIZIA AG / Key word(s): Annual Report/Dividend
PATRIZIA AG: PATRIZIA Annual Report 2020 published: Dividend increase for
the third time in a row confirms strong and resilient business model

17.03.2021 / 17:35
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

PATRIZIA Annual Report 2020 published: Dividend increase for the third time
in a row confirms strong and resilient business model

- Dividend per share for FY 2020 up 3.4% y-o-y to EUR 0.30 per share
- Operating income of EUR 116.5m and AUM of EUR 47.0bn for FY 2020 in line
with guidance
- Guidance for FY 2021: Operating income of EUR 100.0 - 145.0m and AUM of
EUR 50.0 - 53.0bn
- Sustainability strategy with further progress: PATRIZIA Sustainability
Report 2020 published

Augsburg, 17 March 2021. PATRIZIA AG, a leading partner for global real
assets, had a solid FY 2020 despite the challenging market environment due
to the Covid-19 pandemic. PATRIZIA achieved an operating income of EUR
116.5m. It is proof of the strong and resilient business model even in an
adverse economic and market environment. The resilience of investment
strategies and the successful business expansion is reflected in further
increased assets under management to EUR 47.0bn, an increase of 5.7% y-o-y.

Management Board and Supervisory Board will propose a dividend per share of
EUR 0.30 to shareholders at the Company's AGM on 23 June 2021, another
increase by 3.4% y-o-y and the third increase in dividends per share in a
row.

Karim Bohn, CFO of PATRIZIA AG, said: "The solid financial results of 2020
and our continued growth in major KPIs support our dividend strategy. It is
a great achievement of the PATRIZIA platform and team that we are able to
increase the pay-out to shareholders again, even in a challenging market
environment."

For FY 2021, PATRIZIA expects an operating income in a range of EUR 100.0m
to 145.0m, equivalent to growth of up to 24.5% at the upper end of the
guidance. Assets under management are expected to increase between 6.4% and
12.8% y-o-y, leading to further growth in recurring management fees in FY
2021.

PATRIZIA made further progress on its Sustainability strategy during 2020.
Thomas Wels, Co-CEO of PATRIZIA AG, said: "We continued to develop our
Sustainability strategy to further integrate ESG in all our investment
processes and made strategic hires in this area to futureproof our platform,
products and assets under management. The PATRIZIA Sustainability Report was
launched at the end of the year showing progress aligned to our company's
purpose of "building communities & sustainable futures"."

The Sustainability Report 2020 is available under the following address:
https://www.patrizia.ag/en/our-responsibility/sustainability/

Wolfgang Egger, CEO of PATRIZIA AG, said: "Our industry will fundamentally
change driven by major underlying trends such as sustainability,
digitalisation and new technologies as well as demographic change. As a
forward-thinking partner we are very well positioned to actively shape the
industry transformation and consolidation by successfully executing on our
mid-term strategy."

The PATRIZIA Annual Report 2020 and other material is available under the
following address:
https://www.patrizia.ag/en/shareholders/most-recent-publications/

                                                          Guidance
                                                           range
                                                            2021
  EUR m                         2020       2019    Ch-   min     max
                                                   an-
                                                   ge
  Management fees              193.4      190.9    1.-  204.0   208.0
                                                   3%
  Transaction fees              48.1       65.3    -2-   50.0    60.0
                                                   6.-
                                                   4%
  Performance fees              86.1       91.8    -6-   60.0    90.0
                                                   .3-
                                                    %
  Total service fee income     327.6      348.0    -5-  314.0   358.0
                                                   .9-
                                                    %
  Net sales revenues and        20.2       23.8    -1-   5.0     20.0
  co-investment income                             4.-
                                                   8%
  Net operating expenses¹      -219.7     -227.2   -3-  -209.0  -223.-
                                                   .3-            0
                                                    %
  Depreciation and             -11.6      -10.1    15-  -10.0   -10.0
  amortisation, net finance                        .1-
  costs and other items                             %
  Operating income             116.5      134.5    -1-  100.0   145.0
                                                   3.-
                                                   4%
  ¹ From 2020 onwards
  excluding
  non-capitalisable
  expenses for investments
  in the future
                                                          Guidance
                                                           range
                                                            2021
  EUR bn                     31.12.2020 31.12.2019 Ch-   min     max
                                                   an-
                                                   ge
  Assets under management       47.0       44.5    5.-   50.0    53.0
                                                   7%

                                                       Guidance
                                                        range
                                                         2021
  EUR bn                        2020       2019    Ch-   min     max
                                                   an-
                                                   ge
  Equity raised                 1.9        3.2     -4-
                                                   1.-
                                                   6%
  Transaction volume -          5.4        9.0     -3-   6.0     9.0
  signed                                           9.-
                                                   2%
  Transaction volume -          6.9        7.6     -9-
  closed                                           .7-
                                                    %

PATRIZIA: A leading partner for global real assets
As a company with operations around the world, PATRIZIA has been offering
investment opportunities in real estate and infrastructure assets for
institutional, semi-professional and private investors for 37 years.
PATRIZIA manages more than EUR 47 billion in assets and employs over 800
professionals at 24 locations worldwide. Through its PATRIZIA Foundation,
the company is committed to social responsibility. The Foundation has helped
over 230,000 children in need worldwide gain access to education and thus,
has given them the chance of a better life over the last 21 years. You can
find further information at www.patrizia.ag

Contact:

Martin Praum
Head of Investor Relations
Phone: +49 (0)821 50910-402
investor.relations@patrizia.ag


---------------------------------------------------------------------------

17.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

---------------------------------------------------------------------------

   Language:       English
   Company:        PATRIZIA AG
                   Fuggerstraße 26
                   86150 Augsburg
                   Germany
   Phone:          +49 (0)821 - 509 10-000
   Fax:            +49 (0)821 - 509 10-999
   E-mail:         investor.relations@patrizia.ag
   Internet:       www.patrizia.ag
   ISIN:           DE000PAT1AG3
   WKN:            PAT1AG
   Indices:        SDAX
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1176333



   End of News    DGAP News Service
---------------------------------------------------------------------------

1176333 17.03.2021

°