{"id":6890,"date":"2026-02-18T14:03:50","date_gmt":"2026-02-18T14:03:50","guid":{"rendered":"https:\/\/www.rock-n-data.io\/?p=6890"},"modified":"2026-02-18T14:03:55","modified_gmt":"2026-02-18T14:03:55","slug":"scpi-epsicap-explore-bilan-t4-2025-et-chiffres-cles","status":"publish","type":"post","link":"https:\/\/www.rock-n-data.io\/fr\/scpi-epsicap-explore-bilan-t4-2025-et-chiffres-cles\/","title":{"rendered":"SCPI Epsicap Explore : 30,2 M\u20ac d\u00e9j\u00e0 collect\u00e9s au T4 2025"},"content":{"rendered":"\n<p>Le lancement d\u2019une nouvelle <strong>SCPI<\/strong> est toujours un moment int\u00e9ressant \u00e0 observer : il met en lumi\u00e8re une strat\u00e9gie, un positionnement, mais aussi la capacit\u00e9 d\u2019une soci\u00e9t\u00e9 de gestion \u00e0 attirer des capitaux dans un contexte immobilier europ\u00e9en qui reste exigeant.<\/p>\n\n\n\n<p>Le <strong>bulletin trimestriel d\u2019information n\u00b01<\/strong> de la <strong><a href=\"https:\/\/www.meilleurescpi.com\/scpi\/scpi-de-rendement\/f33001-scpi-epsicap-explore\/\">SCPI Epsicap Explore<\/a><\/strong> (4e trimestre 2025) apporte justement une photographie tr\u00e8s parlante des premiers mois de vie du v\u00e9hicule. Entre <strong>collecte rapide<\/strong>, <strong>d\u00e9ploiement imm\u00e9diat<\/strong>, et <strong>taux d\u2019occupation \u00e9lev\u00e9<\/strong>, le document met en avant un d\u00e9marrage rythm\u00e9 \u2014 tout en rappelant les r\u00e8gles et risques propres aux SCPI.<\/p>\n\n\n\n<p>Cet article propose une lecture structur\u00e9e de ce bulletin, en mettant en avant les chiffres cl\u00e9s, les acquisitions et les \u00e9l\u00e9ments de valorisation, avec une approche neutre et orient\u00e9e compr\u00e9hension.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>30,2 M\u20ac de capitalisation : un d\u00e9marrage rapide en quelques semaines<\/strong><\/h2>\n\n\n\n<p>Premier chiffre qui attire l\u2019\u0153il : la <strong>capitalisation<\/strong> atteint <strong>30,2 M\u20ac<\/strong> au <strong>31\/12\/2025<\/strong>.<\/p>\n\n\n\n<p>Ce niveau est notable pour une SCPI ouverte au public seulement depuis fin octobre 2025, ce qui traduit une phase de lancement particuli\u00e8rement active.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>637 associ\u00e9s en fin d\u2019ann\u00e9e : un socle d\u00e9j\u00e0 large<\/strong><\/h3>\n\n\n\n<p>Autre indicateur int\u00e9ressant : le nombre d\u2019associ\u00e9s, qui s\u2019\u00e9tablit \u00e0 <strong>637<\/strong> au 31\/12\/2025.<\/p>\n\n\n\n<p>Le bulletin compare \u00e9galement l\u2019\u00e9volution entre T3 et T4 :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Capitalisation : 16,2 M\u20ac \u2192 30,2 M\u20ac<\/strong><\/li>\n\n\n\n<li><strong>Associ\u00e9s : 62 \u2192 637<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Ce type de progression indique une phase de lancement marqu\u00e9e, typique des SCPI qui arrivent avec un angle marketing fort (ici : <strong>immobilier \u201chors des sentiers battus\u201d<\/strong>).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>13,4 M\u20ac de collecte nette au trimestre : un signal fort<\/strong><\/h2>\n\n\n\n<p>La <strong>collecte nette<\/strong> du T4 2025 est annonc\u00e9e \u00e0 <strong>13,4 M\u20ac<\/strong>.<\/p>\n\n\n\n<p>C\u2019est un chiffre important, car la collecte n\u2019est utile \u00e0 l\u2019associ\u00e9 que si elle est :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>d\u00e9ploy\u00e9e rapidement<\/strong> (sinon, cash drag),<\/li>\n\n\n\n<li>investie \u00e0 des niveaux de rendement coh\u00e9rents,<\/li>\n\n\n\n<li>diversifi\u00e9e sur plusieurs actifs.<\/li>\n<\/ul>\n\n\n\n<p>Or, le bulletin insiste sur le fait que les capitaux lev\u00e9s ont \u00e9t\u00e9 <strong>int\u00e9gralement d\u00e9ploy\u00e9s<\/strong> sur des acquisitions au Royaume-Uni et en Pologne.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8,7% de rendement moyen \u00e0 l\u2019acquisition : un indicateur \u00e0 contextualiser<\/strong><\/h2>\n\n\n\n<p>Le bulletin mentionne un <strong>taux de rendement moyen \u00e0 l\u2019acquisition de 8,7%<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ce que cela sugg\u00e8re<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Une strat\u00e9gie orient\u00e9e vers des actifs offrant un <strong>rendement \u00e9lev\u00e9<\/strong> \u00e0 l\u2019entr\u00e9e.<\/li>\n\n\n\n<li>Un positionnement sur des segments o\u00f9 le march\u00e9 laisse encore de la prime de risque.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ce que cela ne dit pas (encore)<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>La stabilit\u00e9 des locataires \u00e0 moyen terme.<\/li>\n\n\n\n<li>Le niveau de revalorisation future.<\/li>\n\n\n\n<li>La sensibilit\u00e9 \u00e0 la conjoncture (h\u00f4tellerie, logistique, etc.).<\/li>\n<\/ul>\n\n\n\n<p>Dans un bulletin trimestriel de lancement, l\u2019objectif est surtout de d\u00e9montrer la capacit\u00e9 \u00e0 <strong>acheter vite<\/strong> et \u00e0 acheter <strong>rentable<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1,46 \u20ac par part : d\u00e9but de distribution mensuelle<\/strong><\/h2>\n\n\n\n<p>Le bulletin annonce un d\u00e9marrage de la distribution avec des acomptes mensuels de <strong>1,46 \u20ac par part en jouissance<\/strong> (montant brut de fiscalit\u00e9 \u00e9trang\u00e8re).<\/p>\n\n\n\n<p>Il est \u00e9galement pr\u00e9cis\u00e9 que :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>le montant peut \u00eatre ajust\u00e9 \u00e0 la hausse ou \u00e0 la baisse,<\/li>\n\n\n\n<li>en fonction du recouvrement des loyers,<\/li>\n\n\n\n<li>et surtout des acquisitions r\u00e9alis\u00e9es.<\/li>\n<\/ul>\n\n\n\n<p>Le message est clair : la distribution d\u00e9pend fortement de la phase de constitution du patrimoine.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prix de part \u00e0 250 \u20ac : une d\u00e9cote de 3,11% sur la reconstitution<\/strong><\/h2>\n\n\n\n<p>Le bulletin met en avant un \u00e9l\u00e9ment appr\u00e9ci\u00e9 des investisseurs : le rapport entre le <strong>prix de souscription<\/strong> et la <strong>valeur de reconstitution<\/strong>.<\/p>\n\n\n\n<p>Au 31\/12\/2025 :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Prix de souscription : 250,00 \u20ac<\/strong><\/li>\n\n\n\n<li><strong>Valeur de reconstitution : 257,78 \u20ac<\/strong><\/li>\n\n\n\n<li>Soit un potentiel de revalorisation th\u00e9orique de <strong>+3,11%<\/strong> avant d\u2019atteindre une situation de surcote.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pourquoi ce chiffre est important<\/strong><\/h3>\n\n\n\n<p>Dans l\u2019univers des SCPI, acheter une part <strong>en dessous<\/strong> de sa valeur de reconstitution peut :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>permettre<\/strong> une meilleure protection relative \u00e0 l\u2019entr\u00e9e,<\/li>\n\n\n\n<li>limiter le risque d\u2019achat \u201ctrop cher\u201d si le march\u00e9 corrige.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3 actifs seulement\u2026 mais 98,36% de taux d\u2019occupation financier<\/strong><\/h2>\n\n\n\n<p>Le bulletin rappelle que la SCPI ne d\u00e9tient que <strong>3 actifs<\/strong> \u00e0 date, ce qui est logique en phase de lancement.<\/p>\n\n\n\n<p>Mais malgr\u00e9 cette jeunesse, les chiffres d\u2019occupation sont \u00e9lev\u00e9s :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>TOF (taux d\u2019occupation financier) : 98,36%<\/strong><\/li>\n\n\n\n<li><strong>TOP (taux d\u2019occupation physique) : 99%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>La vacance mentionn\u00e9e correspond \u00e0 un plateau de bureaux r\u00e9siduel sur l\u2019actif de Preston, en cours de location.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>223 k\u20ac de loyers encaiss\u00e9s : premiers revenus visibles<\/strong><\/h2>\n\n\n\n<p>Le bulletin indique que les loyers HT\/HC encaiss\u00e9s repr\u00e9sentent <strong>223 k\u20ac sur le trimestre<\/strong> (depuis la cr\u00e9ation).<\/p>\n\n\n\n<p>Pour une SCPI jeune, ce chiffre est surtout utile comme indicateur :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>de mise en location effective,<\/li>\n\n\n\n<li>de recouvrement,<\/li>\n\n\n\n<li>de passage rapide du cash \u00e0 l\u2019actif productif.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>29,4 M\u20ac d\u2019actifs et 18 580 m\u00b2 : une SCPI d\u00e9j\u00e0 investie<\/strong><\/h2>\n\n\n\n<p>Le patrimoine est d\u00e9crit avec :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>29,4 M\u20ac de valeur d\u2019expertise hors droits<\/strong><\/li>\n\n\n\n<li><strong>18 580 m\u00b2<\/strong><\/li>\n\n\n\n<li><strong>9 unit\u00e9s locatives<\/strong><\/li>\n\n\n\n<li><strong>2,3 M\u20ac de loyers annuels HT hors charges<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Ces donn\u00e9es montrent une logique de construction :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>actifs de taille interm\u00e9diaire,<\/li>\n\n\n\n<li>multi-locataires,<\/li>\n\n\n\n<li>expos\u00e9s \u00e0 plusieurs segments immobiliers.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>59% logistique, 38% tourisme : un portefeuille orient\u00e9 rendement<\/strong><\/h2>\n\n\n\n<p>La r\u00e9partition sectorielle (en % de la valeur hors droits) est la suivante :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Logistique &amp; locaux d\u2019activit\u00e9s : 59%<\/strong><\/li>\n\n\n\n<li><strong>H\u00f4tels, tourisme, loisirs : 38%<\/strong><\/li>\n\n\n\n<li><strong>Bureaux : 3%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>La part significative d\u2019h\u00f4tellerie peut <strong>permettre<\/strong> d\u2019aller chercher des rendements plus \u00e9lev\u00e9s, mais implique aussi une cyclicit\u00e9 potentielle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>53% Royaume-Uni, 47% Pologne : choix assum\u00e9 hors France<\/strong><\/h2>\n\n\n\n<p>C\u00f4t\u00e9 g\u00e9ographie, le bulletin indique :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Royaume-Uni : 53%<\/strong><\/li>\n\n\n\n<li><strong>Pologne : 47%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Ce choix illustre la volont\u00e9 <strong>pan-europ\u00e9enne<\/strong> affich\u00e9e d\u00e8s le lancement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3 acquisitions au T4 2025 : Preston, Pozna\u0144, Aberdeen<\/strong><\/h2>\n\n\n\n<p>Le bulletin d\u00e9taille trois op\u00e9rations structurantes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1) Preston (Royaume-Uni) : h\u00f4tel de 140 chambres<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Localisation : Preston, centre-ville (proche gare)<\/li>\n\n\n\n<li>Typologie : <strong>h\u00f4tel<\/strong><\/li>\n\n\n\n<li>Surface : <strong>6 435 m\u00b2<\/strong><\/li>\n\n\n\n<li>Prix : <strong>11,3 M\u20ac<\/strong><\/li>\n\n\n\n<li>Acquisition : <strong>13\/11\/2025<\/strong><\/li>\n\n\n\n<li>Locataire principal : <strong>Premier Inn<\/strong> (leader britannique)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2) Pozna\u0144 (Pologne) : plateforme logistique certifi\u00e9e<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Typologie : <strong>logistique<\/strong><\/li>\n\n\n\n<li>Surface : <strong>9 549 m\u00b2<\/strong><\/li>\n\n\n\n<li>Prix : <strong>12,7 M\u20ac<\/strong><\/li>\n\n\n\n<li>Acquisition : <strong>19\/12\/2025<\/strong><\/li>\n\n\n\n<li>Certification : <strong>BREEAM Excellent<\/strong><\/li>\n\n\n\n<li>Locataires : <strong>Quick Service Logistics<\/strong>, <strong>Pharmalink<\/strong>, <strong>Mora<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3) Aberdeen (\u00c9cosse) : participation via coinvest<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Typologie : <strong>locaux d\u2019activit\u00e9<\/strong><\/li>\n\n\n\n<li>Surface : <strong>5 112 m\u00b2 (\u00e0 100%)<\/strong><strong><br><\/strong><\/li>\n\n\n\n<li>Locataire : <strong>Forum Energy Technologies<\/strong><\/li>\n\n\n\n<li>Montant investi : <strong>3,8 M\u20ac<\/strong><\/li>\n\n\n\n<li>Date : <strong>01\/12\/2025<\/strong><\/li>\n\n\n\n<li>Particularit\u00e9 : participation de 50% dans une SCI coinvest d\u00e9tenue auparavant par une autre SCPI de la m\u00eame soci\u00e9t\u00e9 de gestion.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Tableau r\u00e9capitulatif des chiffres cl\u00e9s (T4 2025)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Indicateurs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Valeurs<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Capitalisation<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>30,2 M\u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Collecte nette du trimestre<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>13,4 M\u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Nombre d\u2019associ\u00e9s<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>637<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Prix de souscription<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>250 \u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Valeur de reconstitution<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>257,78 \u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>D\u00e9cote vs reconstitution<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u2248 3,11%<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>TOF<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>98,36%<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>TOP<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>99%<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Loyers encaiss\u00e9s sur le trimestre<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>223 k\u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Actifs d\u00e9tenus<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>3<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Valeur d\u2019expertise du patrimoine<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>29,4 M\u20ac<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SCPI sans commission de souscription : un mod\u00e8le qui change les rep\u00e8res<\/strong><\/h2>\n\n\n\n<p>Le bulletin insiste sur un point structurel : Explore fonctionne <strong>sans commission de souscription<\/strong>.<\/p>\n\n\n\n<p>En contrepartie :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>une <strong>commission de retrait de 5%<\/strong> est appliqu\u00e9e en cas de sortie avant 5 ans.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ce que cela implique<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Une logique d\u2019investissement clairement <strong>long terme<\/strong>.<\/li>\n\n\n\n<li>Une incitation \u00e0 \u00e9viter les sorties rapides.<\/li>\n\n\n\n<li>Un mod\u00e8le qui peut <strong>permettre<\/strong> une meilleure lisibilit\u00e9 du prix d\u2019entr\u00e9e.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Endettement limit\u00e9 : 8,6% de ratio dettes<\/strong><\/h2>\n\n\n\n<p>Le bulletin mentionne un <strong>ratio dettes et autres engagements de 8,6%<\/strong>.<\/p>\n\n\n\n<p>Il est pr\u00e9cis\u00e9 qu\u2019il s\u2019agit notamment d\u2019un <strong>cr\u00e9dit court terme li\u00e9 au paiement de TVA<\/strong> sur l\u2019acquisition de Pozna\u0144.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion : un lancement structur\u00e9, encore en phase de construction<\/strong><\/h2>\n\n\n\n<p>Ce premier bulletin trimestriel montre une SCPI qui coche plusieurs cases attendues au d\u00e9marrage :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>collecte significative<\/strong> (13,4 M\u20ac sur le trimestre),<\/li>\n\n\n\n<li><strong>capitalisation d\u00e9j\u00e0 \u00e9lev\u00e9e<\/strong> (30,2 M\u20ac),<\/li>\n\n\n\n<li><strong>d\u00e9ploiement rapide<\/strong> sur 3 acquisitions,<\/li>\n\n\n\n<li><strong>occupation \u00e9lev\u00e9e<\/strong> (TOF 98,36%),<\/li>\n\n\n\n<li>et une <strong>d\u00e9cote<\/strong> mesur\u00e9e entre prix de souscription et valeur de reconstitution.<\/li>\n<\/ul>\n\n\n\n<p>Le portefeuille reste n\u00e9anmoins tr\u00e8s concentr\u00e9 (3 actifs), ce qui est logique \u00e0 ce stade. Les prochains bulletins seront d\u00e9terminants pour \u00e9valuer :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>la capacit\u00e9 \u00e0 diversifier,<\/li>\n\n\n\n<li>la stabilit\u00e9 des revenus,<\/li>\n\n\n\n<li>et l\u2019\u00e9volution de la valorisation.<\/li>\n<\/ul>\n\n\n\n<p>A lire \u00e9galement : <a href=\"https:\/\/www.rock-n-data.io\/fr\/scpi-wemo-one-analyse-du-bulletin-4t-2025\/\">SCPI Wemo One : 75,07 M\u20ac de capitalisation au 4T 2025<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le lancement d\u2019une nouvelle SCPI est toujours un moment int\u00e9ressant \u00e0 observer : il met en lumi\u00e8re une strat\u00e9gie, un positionnement, mais aussi la capacit\u00e9 d\u2019une soci\u00e9t\u00e9 de gestion \u00e0 attirer des capitaux dans un contexte immobilier europ\u00e9en qui reste exigeant. Le bulletin trimestriel d\u2019information n\u00b01 de la SCPI Epsicap Explore (4e trimestre 2025) apporte [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[74],"tags":[1222,1261,1271,928,1304],"class_list":["post-6890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investissement","tag-bulletin-trimestriel-scpi","tag-collecte-scpi-2025","tag-scpi-epsicap-explore","tag-scpi-europeenne","tag-valeur-de-reconstitution-scpi","post-wrapper"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SCPI Epsicap Explore : bilan T4 2025 et chiffres cl\u00e9s<\/title>\n<meta name=\"description\" content=\"Analyse du bulletin T4 2025 de la SCPI Epsicap Explore : collecte, capitalisation, acquisitions, TOF et valorisation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rock-n-data.io\/fr\/scpi-epsicap-explore-bilan-t4-2025-et-chiffres-cles\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCPI Epsicap Explore : bilan T4 2025 et chiffres cl\u00e9s\" \/>\n<meta property=\"og:description\" content=\"Analyse du bulletin T4 2025 de la SCPI Epsicap Explore : collecte, capitalisation, acquisitions, TOF et valorisation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rock-n-data.io\/fr\/scpi-epsicap-explore-bilan-t4-2025-et-chiffres-cles\/\" \/>\n<meta property=\"og:site_name\" content=\"Rock &amp; 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