Iroko Zen, a young SCPI, has just revealed its yield for 2023. And once again, it exceeds 7%!
And three. Launched at the end of 2020, the SCPI Iroko Zen, which does not charge entry fees, once again announced a return greater than 7%. For 2023, the distribution rate reaches 7.12%, after 7.04% in 2022 and 7.10% in 2021. Levels well above its initial unguaranteed objective of a return of 5.50% per year.
Once again, Iroko Zen should do significantly better than the market average, expected around 4.5%. Recently interviewed by MoneyVox, Pierre-Antoine Burgala, deputy general director of Iroko, believed that the success of this SCPI is linked in particular to ideal market timing. Our collection allows you to buy at the right time. In real estate, it’s sales!
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38 acquisitions in 2023
As a result, Iroko Zen took advantage of the real estate context to seize new opportunities. The 38 acquisitions made in 2023 represent a little more than 60% of its current assets. The SCPI thus strengthened its positions abroad, going from 46% to 56% of assets located outside France, in Germany, Spain, Ireland and the Netherlands.
Another element of the 2023 report: Iroko Zen welcomed 6,200 new savers who entrusted 254 million euros in savings, for a total capitalization of more than 467 million euros.
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The price of the discount share
And Iroko Zen does not intend to stop there: Given the current real estate context and its sustained fundraising dynamic, the SCPI has all the cards in hand to continue on this path in 2024. While recalling, however, that past performances are not indicative of future performance.
This is the most favorable period in the last ten years to invest in tertiary real estate
2024 will be one of the best times to invest in real estate. For this year, we once again have the ambition to exceed our unguaranteed objective of 5.50% and are targeting an unguaranteed performance in line with previous years: we are convinced that this is the most favorable period of the last ten years to invest in tertiary real estate and that Iroko has a unique position on the market to benefit from it, underlines the company in a press release.
And unlike certain players in the SCPI market who have had to lower the price of their shares, Iroko Zen indicates that the price of the shares on December 31 presents a discount since the reconstitution value is 209.43 euros compared to a value of purchase 200 euros.
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