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Patria Reports Fourth Quarter & Full Year 2021 Earnings Results
GRAND CAYMAN, Cayman Islands, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the fourth quarter and full year
About this update from Patria Investments Limited
[{"type":"text","content":"GRAND CAYMAN, Cayman Islands, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the fourth quarter and full year ended December 31, 2021. The full detailed presentation of Patria's fourth quarter and full year 2021 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/. Alex Saigh, Patria’s CEO, said: “Patria’s 2021 results reflect excellent progress in this first year since our IPO, with attractive growth in revenue and earnings, strong investment performance, and meaningful platform expansion with the addition of Moneda. We enter 2022 with great momentum as we focus on a new fundraising cycle for our flagship funds and continue to create value for both our limited partners and shareholders.” Financial Highlights (reported in $ USD) Patria IFRS results included $13.3 million of net income in Q4 2021 and $121.3 million for the full year. Patria generated Fee Related Earnings of $29.3 million in Q4 2021, up 46% from $20.2 million in Q4 2020. For the full year 2021, Patria generated Fee Related Earnings of $86.0 million, up 21% from $71.3 million in 2020, with an FRE margin of 59%. Distributable Earnings were $27.7 million for Q4 2021, or $0.188 per share, and $141.3 for the full year, or $1.023 per share. Dividends Patria has declared a quarterly dividend of $0.160 per share to record holders of common stock at the close of business on March 2, 2022. This dividend will be paid on March 16, 2022. Conference Call Patria will host its fourth quarter and full year 2021 earnings conference call via public webcast on February 15, 2022 at 9:00 a.m. ET. To register and join, please use the following link: https://edge.media-server.com/mmc/p/3p5zkkz4 For 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. About Patria Patria is a leading alternative investment firm focused on Latin America, with over 30 years of history and combined assets under management of $23.8 billion, and a global presence with offices in 10 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, Cred...