Patria Investments Ltd Stock Price, News & Analysis

Patria (Nasdaq:PAX) has announced its upcoming third quarter 2024 investor call. The company will release its financial results on Tuesday, November 5, 2024, followed by a conference call and public webcast at 9:00 a.m. ET. Investors can register for the call using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the Shareholders section of Patria's website.

Patria emphasizes its commitment to keeping investors informed by distributing earnings releases through its website and email lists. Interested parties can sign up to receive Patria press releases via email through the company's investor relations website.

Patria (Nasdaq:PAX) reported its Q2 2024 earnings, showcasing solid progress towards its goals. Fee Related Earnings reached $40 million, up 17% from Q2 2023. Distributable Earnings were $33.8 million, or $0.22 per share. The company raised $2.2 billion organically in H1 2024 and $5 billion over the last 12 months. Patria completed several acquisitions, including abrdn's private equity solutions business and Nexus Capital. The company announced plans to repurchase up to 1.8 million shares over the next year. Patria remains confident in reaching its 2024 Fee Related Earnings target of at least $170 million and aims for $200-$225 million in 2025. A quarterly dividend of $0.15 per share was declared, payable on September 9th, 2024.

Patria Investments (NASDAQ: PAX) has completed the acquisition of Nexus Capital, a leading independent alternative real estate asset manager in Colombia. This strategic move expands Patria's real estate platform in Colombia, adding over COP 3,000 billion (approximately US$ 725 million) in assets under management across multiple strategies. The acquisition boosts Patria's Real Estate AUM in Colombia to over US$ 2 billion.

While financial terms were not disclosed, the transaction is expected to be accretive to both Fee-related earnings and Distributable Earnings. Marcelo Fedak, Partner and Head of Real Estate at Patria, expressed enthusiasm about the acquisition, highlighting the Nexus team's talent, attractive returns, and innovative approach to investing. The integration is anticipated to contribute to Patria's goals and strengthen investor relationships in Colombia and the region.

Patria (Nasdaq:PAX), a global alternative asset manager, has announced its second quarter 2024 investor call scheduled for August 1, 2024, at 9:00 a.m. ET. The company will release its financial results and host a public webcast conference call. Investors can register for the call using the provided link, and a replay will be available on Patria's website.

Patria, with over 35 years of history and $32.0 billion in combined assets under management, is a leader in Latin American alternative investments. The firm offers a diverse platform of strategies including Private Equity, Infrastructure, Credit, Real Estate, Public Equities, and Global Private Markets Solutions. Patria has a global presence with offices in 13 cities across 4 continents.

On June 6, 2024, Patria Investments (NASDAQ: PAX) announced an agreement to acquire Nexus Capital, an independent alternative real estate asset manager in Colombia with $800 million in assets under management (AUM). This acquisition will boost Patria's real estate AUM in Colombia to over $2.2 billion. Patria aims to consolidate the region's fragmented real estate market. Nexus Capital, established in 2008, focuses on office, retail, industrial, and housing markets. Nearly 90% of Nexus' AUM are in permanent capital or long-duration structures. The transaction is set to complete by Q3 2024 and will contribute to Patria's growth goals, enhancing its investment offerings and relationships in Colombia.

Patria Investments (NASDAQ:PAX) has received approval from REIT shareholders to acquire Credit Suisse’s Brazilian Real Estate funds (CSHG Real Estate), which manage approximately $2.4 billion in Fee Earning AUM. This acquisition will increase Patria’s Real Estate AUM to over $6 billion, up from less than $700 million in 2021. The transaction, expected to be completed by August 30th, will also increase Patria’s permanent capital to roughly 20% of total Fee Earning AUM. This move solidifies Patria’s position as a leading independent manager of REITs in Brazil and Latin America, while expanding its presence in Brazil, Chile, and Colombia. The acquisition includes seven REITS, with over 960,000 shareholders, and aims to diversify and scale Patria’s Real Estate offerings across various property types. Marcelo Fedak and Daniel Sorrentino of Patria praised the strategic growth and new opportunities this acquisition brings.

Patria (Nasdaq:PAX) reported strong unaudited results for the first quarter of 2024, including $35 million in Fee Related Earnings, a 13% increase from the previous year. Distributable Earnings were over $31 million, or 21 cents per share. The company raised $1.1 billion organically and closed acquisitions, showing confidence in reaching financial targets. Net income was $15.4 million, with a quarterly dividend of $0.175 per share declared.

Patria Investments completed the acquisition of the private equity solutions business from abrdn, expanding its global private markets capabilities. This transaction adds over $8 billion in Fee Earning Assets Under Management across mid-market Primaries, Secondaries, and Co-investment strategies. The new vertical, Global Private Markets Solutions, combines Patria's existing global private markets vehicles with the acquired platform to form a new growth engine for the investment platform. With tailored client solutions and drawdown funds, including primaries, secondaries, and co-investment strategies, this acquisition enhances Patria's ability to serve clients globally.