Past performance is no guarantee of future results.
Performance figures
In order to assess the performance of CORUM, a number of criteria must be taken into account. On the one hand, real estate criteria: the value of a property portfolio is based on the quality of the properties themselves, the quality of tenants, and the rents they generate. Also, CORUM offers them a high standard of service as it is responsible for managing the properties and relations with tenants. On the other hand, financial criteria: these are simply the real estate criteria, only expressed in numbers. In 2017, CORUM recorded a dividend yield(1) of 6.45%, thus taking first place among open-ended SCPIs(2), i.e. those that can raise new funds at any time.
The key numbers
6.45%
2017 dividend yield
The dividend yield is equal to annual dividends divided by the share value. In 2018, the dividend yield should remain over 6%.
€1,191m
Capitalisation as of 31 March 2018
Capitalisation means the size of the SCPI. It is calculated by multiplying the subscription price by the number of shares outstanding.
5,53%
5-year IRR
The 5-year Internal Rate of Return (IRR) measures the profitability of CORUM over 5 years, taking into account any changes in share price and any dividends paid during the period.
99,6%
Physical Occupancy Rate - Q1 2018
The Physical Occupancy Rate is the occupancy rate of CORUM's property assets.
1,35%
change in share price
This is the year-on-year Change In Average Share Price. Since it was founded, CORUM has increased its share price every year, which demonstrates the quality of its property portfolio. On 1 June 2018, the share price increased from €1,060 to €1,075.
99,4%
Financial Occupancy Rate - Q1 2018
The Financial Occupancy Rate measures the financial performance of rental properties. It is equal to the actual rental income divided by the potential rental income that could be received if the portfolio was fully leased and occupied during the period.
Since CORUM is a property investment, we recommend you hold your shares for at least 8 years. As with any property investment, you may not be able to exit your investment in CORUM immediately, and its value and any income generated from it may rise as well as fall. Obviously, past performance is not a reliable indicator of future results.
Additional information
Earnings and dividends per share
CORUM's annual results have been in line with its target dividend yield of 6% since it was founded in 2012. Financial year 2012 lasted 8 months.
Retained earnings
Retained earnings are the portion of earnings that is not distributed and that is retained by CORUM to cope with any events that might affect its portfolio.
Divident yield
Change in share price
Past performance is no guarantee of future results.
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(1) The dividend yield, defined as gross dividends before taxes and social security contributions paid for financial year N divided by the average acquisition share price over financial year N. This indicator is used to measure the annual financial performance of the SCPI.
(2) IEIF rankings of open-ended SCPIs.
Past performance is no guarantee of future results.