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Patria Reports First Quarter 2022 Earnings Results
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)-- Patria (Nasdaq:PAX) reported today its unaudited results for the first quarter ended March 31, 2022. The full
About this update from Patria Investments Limited
[{"type":"text","content":" GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--\nPatria (Nasdaq:PAX) reported today its unaudited results for the first quarter ended March 31, 2022. The full detailed presentation of Patria's first quarter 2022 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.\n\nAlex Saigh, Patria’s CEO, said: “Patria’s results for the 1st quarter reflect excellent momentum to start the year, and resiliency amid a challenging global backdrop. Our platform secured new capital inflows of $1.5 billion across a diverse range of products, strong investment performance drove our net accrued performance fees to more than $500 million, and we are on track to deliver FRE growth of more than 50% in 2022.”\n\nFinancial Highlights (reported in $ USD)\n\nPatria IFRS results included $18.3 million of net income in Q1 2022. Patria generated Fee Related Earnings of $31.9 million in Q1 2022, up 85% from $17.3 million in Q1 2021, with an FRE margin of 58%. Distributable Earnings were $35.0 million for Q1 2022, or $0.24 per share, up 90% compared to Q1 2021 on a per share basis.\n\nDividends\n\nPatria has declared a quarterly dividend of $0.202 per share to record holders of common stock at the close of business on June 2, 2022. This dividend will be paid on June 16, 2022.\n\nConference Call\n\nPatria will host its first quarter 2022 earnings conference call via public webcast on May 10, 2022 at 9:00 a.m. ET. To register and join, please use the following link:\n\nhttps://edge.media-server.com/mmc/p/cdw24zyk\n\nFor those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.\n\nAbout Patria\n\nPatria is a leading alternative investment firm focused on Latin America, with over 30 years of history and combined assets under management of $27.6 billion, and a global presence with offices in 9 cities across 4 continents. Patria aims to provide consistent returns in attractive long-term investment opportunities that allow for portfolio diversification through its Private Equity, Infrastructure, Credit, Public Equities and Real Estate products. Through its investments Patria seeks to transform industries and untangle bottlenecks, generating attractive returns for its investors, while creating su...