What is a SCPI (French REIT)?

A SCPI (Société Civile de Placement Immobilier) is a French Real Estate Investment Trust. It allows investors to pool capital to invest in commercial or residential properties and receive proportional rental income without directly owning property.

What is the average SCPI return?

The average SCPI distribution yield typically ranges between 4% and 6% per year. Top-performing SCPIs can reach 7% or more, but higher yields often come with higher risk.

Is it profitable to buy SCPI shares with a loan?

Buying SCPI shares with a loan (leverage) can be profitable if the distribution yield exceeds the borrowing rate. This creates a positive leverage effect. Use our simulator to calculate the actual return on your project.

SCPI Simulator — Partice | Calculate REIT Returns with Leverage

The SCPI investment

Amount invested (share price)

Distribution yield

Annual share appreciation

Subscription fees

Holding period

Leverage (optional)

Use a loan

Loan amount

Loan rate

Loan duration

Tax and inflation

Include tax (30% flat tax)

Annual inflation (for constant euros)

Stock market return (comparison)

Simulation results

Investment IRR

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Net annual return

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Final wealth
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Gain vs Stocks

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Analysis

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Total distributions

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Share capital gains

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Total taxes paid

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Cost of credit

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Year-by-year projection

Year	Share value	Distributions	Net income	SCPI wealth	vs Stocks

About leveraged SCPI: Leverage can amplify both gains and losses. Make sure distributions comfortably cover monthly payments (positive cash flow). The distribution yield is gross of management fees and before tax.