Analysis by Good Value for Money of the characteristics of the performance SCPI CORUM EURION

SCPI CORUM EURION

Good Value for Money Analysis of Features and Key Figures

Version as of May 26, 2022

Reference elements

• RCS
• Management company
• Creation date

Characteristics of the SCPI

• Yield SCPIs aiming for a dual 10-year objective:
  • of internal rate of return (TRI) of 4.5% per year,
  • of payout rate (TDVM) of 4.5% per year.

• SCPI having obtained on November 25, 2021 the SRI label created by the Ministry of Economy, Finance and Recovery

SCPI investment policy

• Desire to diversify the investments made, both:
  • geographically within the entire Euro zone,
  • at the level of the nature of the goods, with total flexibility with regard to acquisitions: offices, commercial premises, business premises, warehouses, hotels, car parks, walls of health establishments, student residences, logistics platforms, leisure …
• Search for quality signatures among tenants, as well as commitments on long-term leases.
• Willingness to focus on rental income.
• Possibility for the SCPI to borrow in order to carry out its acquisitions, within the limit of 40% of the value of its assets.

Heritage of the SCPI

• Heritage area
  • December 31, 2021: 86,603 m²
  • December 31, 2020: 22,804 m²

• Geographical distribution of assets (% in market value)
  • Ireland: 37% at the end of 2021 (versus 65% at the end of 2020)
  • Finland: 24% at the end of 2021 (nil in 2020)
  • Spain: 15% at the end of 2021 (nil in 2020)
  • Netherlands: 10% end of 2021 (versus 8% at the end of 2020)
  • Italy: 9% at the end of 2021 (versus 12% at the end of 2020)
  • Latvia: 3% at the end of 2021 (versus 15% at the end of 2020)
  • Portugal: 2% at the end of 2021 (nil in 2020)

• Breakdown of assets by nature (% in market value)
  • Offices: 93% at the end of 2021 (versus 82% at the end of 2020)
  • Retail: 6% at the end of 2021 (versus 13% at the end of 2020)
  • Logistics: 1% at the end of 2021 (versus 5% at the end of 2020)

• Rental risk breakdown(as of December 31, 2021)
  • 17 buildings held globally for a heritage of 86,603 m².
  • A average area per building of 5,094 m².

• 35 tenants for a total leased area of ​​84,862 m².
• A average area per tenant of 2,424 m².

• A total amount of rent, charges and related income received from €10.196 million in 2021.
• A average annual income per tenant of €291,314 in 2021.
• A average annual income per m² from €117.73.

• A average length of engagement payment of rent by each tenant from 6.80 years.

• Breakdown of risk by building (as of December 31, 2021, in % of m²)
  • Wood office building in Spain (15,955 m²) 18.4%
  • Outotec office building in Finland (14,376 m²) 16.6%
  • Office building in Milan, Italy (7,946 m²) 9.2%
  • Galeno 36 office building in Italy (6,744 m²) 7.8%
  • KPMG office building in the Netherlands (6,092 m²) 7.0%
  • Triple Q office building in the Netherlands (5,685 m²) 6.6%
  • Office building in Barclone in Spain (5,280 m²) 6.1%
  • Citywest office building in Dublin (4,904 m²) 5.7%
  • Marshalsea office building in Ireland (4,845 m²) 5.6%
  • Citrix office building in Dublin (4,744 m²) 5.5%

In total, these 10 locations represent 88.4% of the rental area of ​​the SCPI at the end of 2021.

Costs

• Subscription fee: 12.00% TTI
• Annual management fee :
  • 13.20% TTI rents excluding tax collected and net financial income cashed.
• Period of enjoyment of shares:
  • The shares carry enjoyment for the subscribers from 1^er day of 6^th month following that of the subscription and its payment.

Key figures

• Financial occupancy rate (TOF)
  • December 31, 2021: 99.45%
  • December 31, 2020: 100%

• Physical occupancy rate (TOP)
  • December 31, 2021: 96.59%
  • December 31, 2020: 93.1%

• Evolution of capitalization
  • December 31, 2021: €306m
  • December 31, 2020: €108.4 million

• Market Value Distribution Rate (TVDM)
  • 2021 TDVM: 6.12%
  • 2020 TDVM: 10.4%

• Number of partners
  • December 31, 2021: 8,632
  • December 31, 2020: 3,107

• Number of parts
  • December 31, 2021: 1,498,383
  • December 31, 2020: 541,878

• Share price
  • December 31, 2021: €204
  • December 31, 2020: €200

• Withdrawal value
  • December 31, 2021: €179.52
  • December 31, 2020: €176

• Real estate products
  (rents, charges, ancillary products)
  • 2021: €10.196m
  • 2020: €1.682m

To learn more about the analysis of Good Value for Money, click on the following link: https://www.goodvalueformoney.eu/produit/selection-sel0000468-scpi-corum-eurion-selection-2022

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