News of the SCPI Primofamily as of January 1st 2021
Discover Primofamily, the SCPI for everyday real estate in the Euro zone
In the context of an unprecedented health and economic crisis that reinforces the attractiveness of acyclical real estate sectors such as residential, the year 2020 will have demonstrated the ability of the Primofamily SCPI to be resilient and to play its role as a safe haven. The steering of the fund's performance as well as the work done by the asset management teams to recover rents or make adjustments for the tenants most exposed to the crisis, have strongly contributed to the overall annual performance of the SCPI which reached 5.05% in 2020. This 2020 performance, which results from the distribution (distribution rate* on the 2020 market value of 3.50%) and the increase in the unit price (subscription price of €197.00 since December 1, 2020, i.e. an increase of 1.55%), confirms the relevance of Primonial REIM's investment choices on behalf of Primofamily.
Primofamily invests in day-to-day real estate for students, young professionals and families, mainly in traditional residential housing, to which can be added student residences, apartment hotels, city hotels and, to a lesser extent, shops at the foot of the building, in line with the evolution of society in France and Europe.p>
On January 1, 2021, the SCPI Primofamily is :
- 119 M€ of capitalization
- 113 actifs (606 baux) situés en France, Belgique, Espagne et Italie
- 90.1% financial occupancy rate**.
Past performance is not a reliable indicator of future performance. Current tenants are not a guide to future tenants. Past investments are not indicative of future investments. Investing in this fund involves risks, including the risk of capital loss.
* TDVM : The market value distribution rate is the division of the gross dividend before withholding tax paid in respect of year n (including exceptional interim dividends and share of distributed capital gains) by the average share price of year n.
**The financial occupancy rate expresses the share of rents, invoiced occupancy indemnities and rental compensation indemnities in total billable rents, assuming that all of the SCPI's assets were rented. This rate is measured on the last business day of the past calendar quarter for the three months making up that quarter.
Source: Primonial REIM, 12/31/2020