SCPI: here is their average return in the first half of 2024

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The performance of SCPIs in the first half of the year suggests an annual return at least as good – if not better – than in 2022 and 2023. For some real estate investment companies, the distribution rate should even reach record levels.

Real estate investment companies (SCPI) have not said their last word. Over the first six months of the year, the average distribution rate – which corresponds to the return paid to partners – was 4.52%, according to online broker France SCPI. In line, therefore, with the distribution rates paid in 2022 and 2023, which had averaged 4.53% and 4.52% respectively. And the average rate finally distributed over the whole of 2024 could be even higher than over the last two financial years.

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Indeed, management companies – which purchase and manage the real estate portfolio on behalf of the partners – tend to pay more dividends at the end of the year, and in particular during the last quarter. “A precaution increasingly taken by managers since Covid-19, explains Paul Bourdois, co-founder of France SCPI. By paying the minimum to the partners until the third quarter, they thus keep a share of the rents to deal with possible unforeseen events.” Following this logic, management companies should therefore have yield reserves up their sleeves for the next two quarters.

Up to 12.5% ​​return for the best SCPI of the first half of the year

But even before this probable end-of-year boost, some SCPIs – most of which have existed for less than 5 years – are already showing sparkling health and record returns. This is the case for Transitions Europe (from Arkea REIM, launched in 2022) or Remake Live (Remake Asset Management, also launched in 2022) with respective returns of 9.70% and 7.43%. And what about the SCPI Comète (managed by the management company Alderan and launched in 2023), which even “released” a distribution rate of 12.5% ​​over the half-year. Thus, the best performer of the half-year shows a return three times higher than the market average. “Never seen before”Paul Bourdois says.

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