{"id":6910,"date":"2026-03-06T12:43:43","date_gmt":"2026-03-06T12:43:43","guid":{"rendered":"https:\/\/www.rock-n-data.io\/?p=6910"},"modified":"2026-03-06T12:43:49","modified_gmt":"2026-03-06T12:43:49","slug":"scpi-aestiam-horizon-les-chiffres-cles-du-t4-2025","status":"publish","type":"post","link":"https:\/\/www.rock-n-data.io\/fr\/scpi-aestiam-horizon-les-chiffres-cles-du-t4-2025\/","title":{"rendered":"SCPI Aestiam Horizon : analyse du bulletin T4 2025"},"content":{"rendered":"\n<p>Le dernier <strong>bulletin trimestriel<\/strong> de la<a href=\"https:\/\/www.meilleurescpi.com\/scpi\/scpi-de-rendement\/f138-scpi-placement-pierre\/\"> <strong>SCPI Aestiam Horizon<\/strong><\/a> met en lumi\u00e8re une ann\u00e9e 2025 marqu\u00e9e par une certaine <strong>stabilit\u00e9 des performances<\/strong>, une <strong>gestion active du patrimoine<\/strong> et une strat\u00e9gie concentr\u00e9e sur des <strong>actifs de bureaux de taille interm\u00e9diaire<\/strong> situ\u00e9s dans des zones urbaines \u00e9tablies.<\/p>\n\n\n\n<p>Avec un <strong>taux de distribution de 5,10 %<\/strong>, un <strong>prix de souscription stable \u00e0 350 \u20ac<\/strong> et une <strong>capitalisation de 380 millions d\u2019euros<\/strong>, cette SCPI poursuit sa trajectoire dans un march\u00e9 immobilier tertiaire toujours contrast\u00e9.<\/p>\n\n\n\n<p>L\u2019analyse d\u00e9taill\u00e9e des donn\u00e9es du bulletin permet de mieux comprendre la <strong>situation actuelle de la SCPI<\/strong>, l\u2019\u00e9volution de ses <strong>indicateurs cl\u00e9s<\/strong> et les perspectives envisag\u00e9es pour l\u2019ann\u00e9e \u00e0 venir. Les \u00e9l\u00e9ments pr\u00e9sent\u00e9s proviennent du <strong>bulletin trimestriel du 4\u1d49 trimestre 2025<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5,10 % de taux de distribution : une performance stable en 2025<\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Une distribution r\u00e9guli\u00e8re dans le temps<\/strong><\/h2>\n\n\n\n<p>En 2025, la <strong>SCPI Aestiam Horizon<\/strong> affiche un <strong>taux de distribution de 5,10 %<\/strong>, un niveau qui s\u2019inscrit dans la continuit\u00e9 de son historique de rendement.<\/p>\n\n\n\n<p>Le <strong>dividende brut annuel<\/strong> atteint <strong>17,85 \u20ac par part<\/strong>, compos\u00e9 :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>d\u2019une <strong>distribution courante de 16,20 \u20ac<\/strong><\/li>\n\n\n\n<li>d\u2019une <strong>distribution de plus-values de 1,41 \u20ac<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Cette stabilit\u00e9 traduit une volont\u00e9 de maintenir une <strong>politique de distribution r\u00e9guli\u00e8re<\/strong>, malgr\u00e9 un environnement immobilier marqu\u00e9 par des <strong>ajustements de valorisation<\/strong> dans certains segments du march\u00e9 tertiaire.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Dividende trimestriel 2025<\/strong><\/h3>\n\n\n\n<p>Au <strong>4\u1d49 trimestre 2025<\/strong>, le dividende brut vers\u00e9 s\u2019\u00e9l\u00e8ve \u00e0 <strong>5,70 \u20ac par part<\/strong>, r\u00e9parti de la mani\u00e8re suivante :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4,05 \u20ac de dividende courant<\/strong><\/li>\n\n\n\n<li><strong>1,41 \u20ac de distribution de plus-values<\/strong><\/li>\n\n\n\n<li><strong>0,24 \u20ac correspondant \u00e0 la fiscalit\u00e9 sur plus-values<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Cette distribution illustre une strat\u00e9gie visant \u00e0 <strong>optimiser les arbitrages immobiliers<\/strong> afin de g\u00e9n\u00e9rer des revenus compl\u00e9mentaires.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8,63 % de TRI sur 20 ans : un indicateur de performance long terme<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Un historique de performance solide<\/strong><\/h3>\n\n\n\n<p>La SCPI pr\u00e9sente un <strong>taux de rendement interne (TRI) sur 20 ans de 8,63 %<\/strong>, ce qui refl\u00e8te la <strong>rentabilit\u00e9 globale sur longue p\u00e9riode<\/strong>, en tenant compte :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>du <strong>prix d\u2019acquisition des parts<\/strong><\/li>\n\n\n\n<li>des <strong>revenus distribu\u00e9s<\/strong><\/li>\n\n\n\n<li>de la <strong>valeur de retrait finale<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Cet indicateur met en \u00e9vidence une <strong>performance globale annuelle de 5,10 % en 2025<\/strong>, combinant rendement et \u00e9volution du prix de part.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tableau r\u00e9capitulatif des principaux indicateurs<\/strong><\/h3>\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>Niveau<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Taux de distribution 2025<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>5,10 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>TRI sur 20 ans<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>8,63 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Performance globale annuelle<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>5,10 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Distribution annuelle 2025<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>17,85 \u20ac \/ part<\/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>350 \u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>R\u00e9serves distribuables<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>5 mois<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>La pr\u00e9sence de <strong>r\u00e9serves \u00e9quivalentes \u00e0 cinq mois de distribution<\/strong> constitue \u00e9galement un facteur de stabilit\u00e9 pour la politique de revenus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>358 M\u20ac de patrimoine immobilier et 146 actifs<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Un portefeuille diversifi\u00e9 mais majoritairement orient\u00e9 bureaux<\/strong><\/h3>\n\n\n\n<p>Le patrimoine immobilier de la SCPI atteint <strong>358 millions d\u2019euros<\/strong>, r\u00e9partis sur <strong>146 immeubles<\/strong> et occup\u00e9s par <strong>220 locataires<\/strong>.<\/p>\n\n\n\n<p>La strat\u00e9gie d\u2019investissement repose principalement sur des <strong>immeubles de bureaux \u00e0 taille humaine<\/strong>, adapt\u00e9s aux <strong>petites et moyennes entreprises<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>R\u00e9partition sectorielle du portefeuille<\/strong><\/h3>\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>Typologie d\u2019actifs<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Part du patrimoine<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Bureaux<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>76 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Commerces<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>16 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>H\u00f4tels<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>4 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Locaux d\u2019activit\u00e9s<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>2 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Enseignement<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>2 %<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Cette r\u00e9partition met en \u00e9vidence une <strong>dominante tertiaire<\/strong>, tout en int\u00e9grant une certaine <strong>diversification sectorielle<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>88,02 % de taux d\u2019occupation financier<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Une am\u00e9lioration de la situation locative<\/strong><\/h3>\n\n\n\n<p>Le <strong>taux d\u2019occupation financier (TOF)<\/strong> atteint <strong>88,02 %<\/strong> au quatri\u00e8me trimestre 2025.<\/p>\n\n\n\n<p>La composition de ce taux est la suivante :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>81,21 % de locaux occup\u00e9s<\/strong><\/li>\n\n\n\n<li><strong>3,72 % sous franchise ou en mise \u00e0 disposition<\/strong><\/li>\n\n\n\n<li><strong>0,35 % vacants sous promesse de vente<\/strong><\/li>\n\n\n\n<li><strong>2,74 % en restructuration<\/strong><\/li>\n\n\n\n<li><strong>11,98 % en recherche de locataire<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Cette \u00e9volution refl\u00e8te le <strong>travail de relocation men\u00e9 par la soci\u00e9t\u00e9 de gestion<\/strong>, notamment sur certains actifs n\u00e9cessitant une <strong>recommercialisation ou des travaux d\u2019adaptation<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Dur\u00e9e moyenne des baux<\/strong><\/h3>\n\n\n\n<p>Deux indicateurs permettent d\u2019\u00e9valuer la stabilit\u00e9 locative :<\/p>\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>Dur\u00e9e<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>WALB<\/strong> (prochaines possibilit\u00e9s de r\u00e9siliation)<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>2,97 ans<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>WALT<\/strong> (\u00e9ch\u00e9ance finale des baux)<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>4,65 ans<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Ces dur\u00e9es indiquent une <strong>visibilit\u00e9 locative \u00e0 moyen terme<\/strong>, caract\u00e9ristique du march\u00e9 des bureaux.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Une implantation majoritairement fran\u00e7aise<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Une pr\u00e9sence forte en \u00cele-de-France<\/strong><\/h3>\n\n\n\n<p>La r\u00e9partition g\u00e9ographique du patrimoine reste largement concentr\u00e9e en France, avec une <strong>exposition europ\u00e9enne limit\u00e9e \u00e0 12 %<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>R\u00e9partition g\u00e9ographique<\/strong><\/h3>\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>Zone<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Part<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u00cele-de-France<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>29 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Paris<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>21 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Sud-Est<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>12 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Sud-Ouest<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>12 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Nord-Ouest<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>8 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Nord<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>5 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Nord-Est<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>1 %<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Europe<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>12 %<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>L\u2019exposition europ\u00e9enne comprend notamment :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Luxembourg : 9 %<\/strong><\/li>\n\n\n\n<li><strong>Belgique : 2 %<\/strong><\/li>\n\n\n\n<li><strong>Allemagne : 1 %<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Cette diversification g\u00e9ographique reste <strong>mesur\u00e9e<\/strong>, la strat\u00e9gie privil\u00e9giant les <strong>m\u00e9tropoles fran\u00e7aises<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Des arbitrages immobiliers au quatri\u00e8me trimestre<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Deux cessions et plusieurs mouvements locatifs<\/strong><\/h3>\n\n\n\n<p>Au cours du trimestre, la SCPI a r\u00e9alis\u00e9 <strong>deux arbitrages immobiliers<\/strong> :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>un <strong>commerce \u00e0 Reims<\/strong><\/li>\n\n\n\n<li>un <strong>actif d\u2019activit\u00e9 \u00e0 S\u00e8vres<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Ces ventes participent \u00e0 une <strong>gestion active du portefeuille<\/strong>, visant \u00e0 optimiser la composition du patrimoine.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Activit\u00e9 locative du trimestre<\/strong><\/h3>\n\n\n\n<p>Les mouvements locatifs comprennent :<\/p>\n\n\n\n<p><strong>Relocations (4 op\u00e9rations)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>bureaux \u00e0 Lille<\/li>\n\n\n\n<li>commerce \u00e0 Paris<\/li>\n\n\n\n<li>bureaux \u00e0 Boulogne-Billancourt<\/li>\n\n\n\n<li>parkings au Luxembourg<\/li>\n<\/ul>\n\n\n\n<p><strong>Lib\u00e9rations (6 op\u00e9rations)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>bureaux en r\u00e9gion parisienne et en province<\/li>\n\n\n\n<li>un commerce parisien<\/li>\n<\/ul>\n\n\n\n<p><strong>Renouvellements (2 baux)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>commerce \u00e0 Lab\u00e8ge<\/li>\n\n\n\n<li>bureaux \u00e0 Capellen (Luxembourg)<\/li>\n<\/ul>\n\n\n\n<p>Le renouvellement du bail au Luxembourg concerne un locataire occupant <strong>2 345 m\u00b2<\/strong>, avec un engagement ferme de <strong>six ans<\/strong>, ce qui contribue \u00e0 la <strong>s\u00e9curisation des loyers futurs<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>350 \u20ac : un prix de part stable depuis 2019<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Une stabilit\u00e9 du march\u00e9 des parts<\/strong><\/h3>\n\n\n\n<p>Le <strong>prix de souscription de la SCPI Aestiam Horizon<\/strong> reste fix\u00e9 \u00e0 <strong>350 \u20ac<\/strong>, un niveau inchang\u00e9 depuis plusieurs ann\u00e9es.<\/p>\n\n\n\n<p>Les indicateurs du march\u00e9 secondaire montrent :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>8 394 associ\u00e9s<\/strong><\/li>\n\n\n\n<li><strong>380 M\u20ac de capitalisation<\/strong><\/li>\n\n\n\n<li><strong>1 086 498 parts en circulation<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Valeurs de r\u00e9f\u00e9rence par part<\/strong><\/h3>\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>Valeur de r\u00e9alisation<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>287,23 \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>347,63 \u20ac<\/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>350 \u20ac<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Prix de retrait<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>315 \u20ac<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>La proximit\u00e9 entre <strong>valeur de reconstitution<\/strong> et <strong>prix de souscription<\/strong> indique un <strong>alignement global entre valorisation et prix de part<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Une liquidit\u00e9 des parts sous surveillance<\/strong><\/h2>\n\n\n\n<p>Le bulletin met \u00e9galement en \u00e9vidence une <strong>augmentation progressive des parts en attente de retrait<\/strong>, atteignant <strong>43 369 parts au quatri\u00e8me trimestre 2025<\/strong>.<\/p>\n\n\n\n<p>Afin d\u2019am\u00e9liorer la <strong>fluidit\u00e9 du march\u00e9 des parts<\/strong>, la soci\u00e9t\u00e9 de gestion envisage la <strong>cr\u00e9ation d\u2019un fonds de remboursement<\/strong>, qui pourrait permettre :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>d\u2019accompagner les demandes de retrait<\/li>\n\n\n\n<li>de soutenir la collecte<\/li>\n\n\n\n<li>de maintenir l\u2019\u00e9quilibre du march\u00e9 secondaire<\/li>\n<\/ul>\n\n\n\n<p>Cette proposition doit \u00eatre soumise au vote lors de l\u2019<strong>assembl\u00e9e g\u00e9n\u00e9rale pr\u00e9vue en f\u00e9vrier 2026<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Perspectives 2026 : une distribution pr\u00e9visionnelle entre 17,50 \u20ac et 17,90 \u20ac<\/strong><\/h2>\n\n\n\n<p>Pour l\u2019ann\u00e9e 2026, la soci\u00e9t\u00e9 de gestion \u00e9voque une <strong>distribution pr\u00e9visionnelle comprise entre 17,50 \u20ac et 17,90 \u20ac par part<\/strong>.<\/p>\n\n\n\n<p>Cette projection repose notamment sur :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>la <strong>granularit\u00e9 du portefeuille<\/strong> (146 actifs)<\/li>\n\n\n\n<li>la <strong>diversification locative<\/strong><\/li>\n\n\n\n<li>la <strong>gestion active des baux<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Toutefois, comme pour tout investissement immobilier, les performances d\u00e9pendront de plusieurs facteurs :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00e9volution du <strong>march\u00e9 des bureaux<\/strong><\/li>\n\n\n\n<li><strong>taux d\u2019occupation<\/strong> du patrimoine<\/li>\n\n\n\n<li>dynamique de <strong>relocation et d\u2019arbitrage<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion : une SCPI de bureaux centr\u00e9e sur les actifs urbains<\/strong><\/h2>\n\n\n\n<p>La <strong>SCPI Aestiam Horizon<\/strong> poursuit une strat\u00e9gie immobili\u00e8re fond\u00e9e sur des <strong>bureaux de taille interm\u00e9diaire situ\u00e9s dans des zones urbaines \u00e9tablies<\/strong>.<\/p>\n\n\n\n<p>Les principaux \u00e9l\u00e9ments ressortant du bulletin trimestriel sont :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>une <strong>performance stable autour de 5 %<\/strong><\/li>\n\n\n\n<li>un <strong>patrimoine diversifi\u00e9 de 358 M\u20ac<\/strong><\/li>\n\n\n\n<li>une <strong>gestion locative active<\/strong><\/li>\n\n\n\n<li>un <strong>prix de part inchang\u00e9 depuis plusieurs ann\u00e9es<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Dans un environnement immobilier en mutation, cette orientation pourrait permettre de <strong>maintenir un \u00e9quilibre entre rendement et gestion prudente du patrimoine<\/strong>.<\/p>\n\n\n\n<p>A lire \u00e9galement : <a href=\"https:\/\/www.rock-n-data.io\/fr\/scpi-coeur-d-europe-acquisition-industrielle-a-tolede\/\">SCPI C\u0153ur d\u2019Europe : une acquisition industrielle strat\u00e9gique en Espagne<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le dernier bulletin trimestriel de la SCPI Aestiam Horizon met en lumi\u00e8re une ann\u00e9e 2025 marqu\u00e9e par une certaine stabilit\u00e9 des performances, une gestion active du patrimoine et une strat\u00e9gie concentr\u00e9e sur des actifs de bureaux de taille interm\u00e9diaire situ\u00e9s dans des zones urbaines \u00e9tablies. Avec un taux de distribution de 5,10 %, un prix [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[74],"tags":[1235,1315,1220,1268,1212],"class_list":["post-6910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investissement","tag-analyse-scpi","tag-investissement-immobilier-scpi","tag-scpi-aestiam-horizon","tag-scpi-bureaux","tag-taux-de-distribution-scpi","post-wrapper"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SCPI Aestiam Horizon : les chiffres cl\u00e9s du T4 2025<\/title>\n<meta name=\"description\" content=\"Analyse du bulletin T4 2025 de la SCPI Aestiam Horizon : rendement, patrimoine, taux d\u2019occupation et perspectives du march\u00e9.\" \/>\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-aestiam-horizon-les-chiffres-cles-du-t4-2025\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SCPI Aestiam Horizon : les chiffres cl\u00e9s du T4 2025\" \/>\n<meta property=\"og:description\" content=\"Analyse du bulletin T4 2025 de la SCPI Aestiam Horizon : rendement, patrimoine, taux d\u2019occupation et perspectives du march\u00e9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rock-n-data.io\/fr\/scpi-aestiam-horizon-les-chiffres-cles-du-t4-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Rock &amp; 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