Cayman's Patria Q4 EPS beats estimates, FRE up 17%

Overview

• Alternative asset manager's Q4 adjusted EPS beat analyst expectations

• Fee Related Earnings for Q4 rose 17% yr/yr

• Company announced acquisitions to expand capabilities in key asset classes

Outlook

• Patria expects to exceed three-year fundraising and FRE objectives set in December 2024

• Company sees strong position due to recent acquisitions in Brazil and the U.S.

Result Drivers

• FUNDRAISING SUCCESS - Patria achieved organic fundraising of $1.7 bln in Q4 and a record $7.7 bln for 2025, boosting FEAUM by 24%

• ACQUISITIONS - Recent acquisitions in private credit and REIT management are set to expand capabilities and scale in key asset classes

• U.S. MARKET EXPANSION - Pending acquisition of WP Global Partners strengthens Patria's GPMS business in the U.S. market

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for Patria Investments Ltd is $17.50, about 17.1% above its February 2 closing price of $14.94

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX5rq9vw

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