PATRIZIA publishes in advance the speeches of the Management Board for the Annual General Meeting 2020
Augsburg, June 26, 2020. Due to the ongoing corona pandemic, PATRIZIA AG will hold its Annual General Meeting on July 1, 2020 in virtual form and without the physical presence of shareholders or their representatives. In order to ensure the best possible dialogue with shareholders, PATRIZIA will publish the speeches of CEO Wolfgang Egger and CFO Karim Bohn in advance on the company's Annual General Meeting website on the Internet. This also allows shareholders to ask questions relating to the speeches via the company's AGM portal.
The speeches and details on the conduct of the virtual Annual General Meeting are available at the following address: en/shareholders/annual-general-meetings/2020/
In his speech Wolfgang Egger describes PATRIZIA's "Strategy 2023" published in 2019, which will be based on the four pillars "Simplification", "Services", "Scope" and "Stability". In addition, PATRIZIA AG has set itself the goal of using its expertise beyond the real estate spectrum and becoming the leading partner for global real assets. The company's new vision also stands for this: "PATRIZIA: A leading partner for global real assets".
In addition to organic and inorganic growth, social responsibility will remain an essential part of PATRIZIA's DNA. For this reason, the PATRIZIA Children Foundation has created the "Corona Fund Education Healthcare" to prevent the Corona pandemic from developing into an even more serious educational and social crisis for children in need.
Karim Bohn confirms in his speech that PATRIZIA is and will remain a strong and reliable partner for all stakeholders. The proposal to pay a dividend of EUR 0.29 per dividend-bearing share is therefore reaffirmed. The basis for this is provided by the growth in management fees and assets under management in 2019. At the end of 2019, the company had freely available liquidity of EUR 607.0 million and is therefore well positioned to overcome the current crisis and emerge from it stronger. The forecast for the operating income 2020 remains unchanged at EUR 100.0 - 140.0 million.
PATRIZIA AG has been active as an investment manager in the real estate market across Europe for 36 years. PATRIZIA's activities include the acquisition, management, repositioning and disposal of residential and commercial real estate through its best-in-class local network in all key markets. As a global partner for pan-European real estate investment, PATRIZIA operates as a trusted and independent business partner of large institutional, (semi-)professional and private investors in all major European countries. PATRIZIA manages more than EUR 45 billion of real estate and infrastructure assets, primarily as an investment manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks. PATRIZIA is committed to responsible investments and positive social impact. The PATRIZIA Children Foundation has helped over 220,000 children in need worldwide for over 20 years, giving them access to education and greater opportunities to lead better lives. For further information, please visit: www.patrizia.ag