Consult our answers to the most frequently asked questions with our FAQ
The recommended holding period for REIT shares is 8 years.
The purchase of REIT shares, a real estate investment, must be viewed and conducted with a long-term or very long-term perspective.
Investment in REITs is largely designed as source of extra income, in particular to supplement a pension. It is possible for working taxpayers to obtain this real estate capital, which is not subject to stock market fluctuations, under facilitated conditions, by gradually purchasing shares or possibly by means of a mortgage.
Some savers even purchase shares without any intention of reselling them with a view to creating additional income to be received throughout their working life and retirement and passed on to their heirs. The investment period best suited to each REIT is specifically indicated in the company’s information sheet and communicated to savers.
The subscription price of a REIT share includes a subscription fee which is intended to reward those who find potential investors and ensure the reimbursement of all costs incurred for studies, research and processes involved in creation, acquisition–including VAT, registration fees and notary fees–and the extension of the REIT’s property assets.
The amount of the subscription fee, which varies depending on the REIT, is approximately 10%. It is provided in the information sheet for the REITs.
By working directly with PERIAL Asset Management, you will benefit from advice tailored to your financial and tax situation and receive support throughout your entire investment process and the duration of your investment and REIT shares.
Your dividend is paid on the 25th of the month following the calendar quarter. In the event of a public holiday, the payment will be made on the following working day. Transfer notifications and information documents are sent at the same time as the payment.
For PF Grand Paris, PFO₂, PFO and PF Hospitalité Europe, the date when shareholders can begin receiving income from the shares is the first day of the sixth month following the signing of the subscription form and payment of the full subscription price. This is called the vesting date.
In all cases, the first dividend payment will be made on the 25th of the month following the calendar quarter during which the vesting date occurs (or on the next working day in the event of a public holiday).
This password allows you to securely access your private account at any time via the www.perial.com website. This account allows you to view the following:
the status of your holdings
dividend payment history
the information you need to complete your tax return
information on the REITs managed by PERIAL Asset Management.
Several entities are in charge of supervising the management company’s activities:
The French financial markets authority (Autorité des Marchés Financiers, AMF) It grants approval of the management company and inspects all the documents intended for public information. It also ensures the compliance of transactions involving REIT shares and compliance with the various professional obligations of management companies.
The REIT General Meeting: It elects Supervisory Board members and appoints the management company, external auditors and the real estate expert. It determines the profits for distribution and votes to pass the various resolutions.
The REIT Supervisory Board: It assists the management company by carrying out the verifications and controls it deems appropriate throughout the year. It gives an opinion on the draft resolutions that are voted on during the General Meeting.
External auditors: They certify that the annual accounts are accurate and honest and that they faithfully represent the operations from the past fiscal year, including the result of these operations and the company’s financial situation and assets at the end of the fiscal year.
Real estate expert: The expert performs real estate appraisals that allow the management company to define the value of REIT assets at the end of each fiscal year. The expert is independent of the company.
The Markets in Financial Instruments Directive (MiFID) is a European law that came into force on November 1st, 2007 and was reinforced in January 2018 with the MiFID 2 directive. They aim to develop a deeper, more integrated and efficient capital market in order to lower the cost of capital, generate growth and enhance its international competitiveness, while also strengthening investor protection.
As a result of the implementation of this directive, PERIAL Asset Management added a questionnaire entitled “More about you” to the subscription forms for the various REITS. The purpose of this questionnaire is to verify the consistency between the proposed products and services and the subscribers’ expectations and situations in order to protect them from making an unsuitable investment.