Patrizia acquired Dawonia stake. Berenberg kept EUR 9.50 target for Patrizia stock

Published on 10/08/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The deal covers 2.30 percent of a vehicle holding 95.50 percent of Dawonia. Patrizia stock costs EUR 6.75 on October 8, 2026 versus EUR 6.78.

Key points in brief

Patrizia acquired an additional 2.30 percent stake in a Dawonia investment vehicle for an initial EUR 50.50 million on September 30, 2026.
The acquired vehicle indirectly holds 95.50 percent of Dawonia, which owns 25,000 residential units.
H1 2026 EBITDA rose 46.60 percent year over year to EUR 42.70 million, according to the company.
The Lang & Schwarz price was EUR 6.75 on October 8, 2026, versus the Xetra close of EUR 6.78 on October 7, 2026.

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Patrizia acquired an additional 2.30 percent stake in OSCAR Germany SCS for an initial EUR 50.50 million on September 30, 2026. EQS News reported that the vehicle indirectly holds 95.50 percent of Dawonia, which owns 25,000 residential units. Berenberg had kept its Buy rating and EUR 9.50 target for Patrizia stock on September 21, 2026.

Deal adds residential exposure

The Dawonia transaction gives Patrizia additional exposure to a large residential portfolio in southern Germany, while the related-party structure makes the purchase price especially relevant. The initial EUR 50.50 million payment can rise by EUR 11.80 million if more than EUR 74.10 million is realized from a later sale or specified distributions, according to EQS News on September 30, 2026.

What supports the valuation?

The operating backdrop was stronger in the first half of 2026. Patrizia reported EBITDA of EUR 42.70 million, up 46.60 percent year over year, in its August 10, 2026 H1 publication, while its investment platform reached 500,000 managed light points in Italy on July 29, 2026. Both figures appear in the company's investor-relations materials at PATRIZIA.

Three milestones in twelve months

On July 29, 2026, CiviSmart reached 500,000 light points under management in Italy. On August 10, 2026, Patrizia reported EUR 42.70 million of H1 2026 EBITDA, representing 46.60 percent year-over-year growth. On September 30, 2026, the company acquired the additional 2.30 percent Dawonia-related stake for EUR 50.50 million, according to EQS News.

Next dates are November 9 and 10

Patrizia's investor-relations calendar lists the 9M 2026 quarterly statement for November 9, 2026 and the investor and analyst conference call for November 10, 2026. The dates are listed on the company's investor-relations page.

Stock price and market value

Patrizia stock was trading at EUR 6.75 at Lang & Schwarz on October 8, 2026 in after-hours trading. Compared with the Xetra close of EUR 6.78 on October 7, 2026, the price was down 0.44 percent; the finance quote showed a market capitalization of EUR 581.0 million on October 8, 2026. Patrizia is listed on Xetra under ticker PAT and belongs to the SDAX. The further course of trading is shown by the continuously updated real-time quote of Patrizia stock.