The stock market unscrews. Cryptos suffer. Bonds plunge. But SCPIs are resisting. Since the beginning of the year, stone-paper has posted (very) good performances. But for how long?
Against the backdrop of the war in Ukraine and high inflation, the stock and bond markets experienced a difficult start to the year. But other investments have been able to get their pin out of the game. This is particularly the case of civil real estate investment companies (SCPI).
Over the first 9 months of the year, the average annualized distribution rate (DR) of SCPIs thus reached 4.26%, according to figures from the France SCPI platform. This is a slight increase compared to the same period in 2021 (4.2%).
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Yields increase
The average yield of SCPIs could even exceed 4.5% in 2022. Because SCPI managers have (…) made a habit of serving a modest dividend each quarter and adjusting the increase on the last payment when the year has gone well, explains France SCPI.
In detail, SCPIs dedicated to logistics and business premises posted the best returns, with an average annualized distribution rate of 5.4%. Then come the diversified SCPIs (5.2%), then commercial SCPIs (4.6%).
In the middle of the table, we find office SCPIs, a more defensive type of SCPI, with a yield of 4.34%and SCPIs specializing in the hotel industry (4.53%), who are making a comeback after two difficult years.
Finally, SCPIs related to health and those qualified as residential, yet very popular with savers, saw their distribution rate drop slightly. Assessment: over the first 9 months of the year, they serve respectively 4.51% and 4.17%.
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The fundraising takes off
Buoyed by these excellent results, the SCPIs also record a collection of 7.5 billion euros over the first 9 months of the year, of which 2.3 billion euros in the third trimester.
This amount already exceeds the total amount collected in 2021 and is approaching the “pre-covid” record set in 2019 with 7.9 billion eurosestimates France SCPI, for whom the collection could fly away in 2022.
And for good reason: in times of uncertainty, stone-paper is often considered a safe investment by the savers. Especially since risk-free investments do not cover inflation, which reached +6.2% in October, according to INSEE.
Collection mainly benefits office SCPIs, which collect 44% flows over the first 9 months of the year. With the threat of teleworking now forgotten, this trend responds to the need for savers to move towards defensive assets, notes France SCPI.
Diversified SCPIs, for their part, perceived 27% amounts collected. They are thus ahead of vehicles dedicated to health (16%), logistic (5%), to shops (4%) and residential (2%), more confidential.
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