On July 28, Inter Gestion Reim released its first-quarter 2025 results for its CRISTAL Life and CRISTAL Rente real estate investment trusts (SCPI). Both funds are maintaining their growth momentum with strong inflows, returns in line with announced targets, and a heightened commitment to responsible investing.
CRISTAL Rente: a model of resilient real estate
Focused on everyday assets—food stores, garden centers, home improvement retailers, and restaurants—CRISTAL Rente has been implementing an asset management strategy inspired by the concept of antifragility for nearly 15 years. In other words, the ability to leverage periods of turbulence to strengthen its resilience.
As of June 30, 2025, the SCPI had a market capitalization of €669 million, with gross inflows of €16 million over the six-month period. Its portfolio comprises 153 properties spread across France. The subscription price is €255.68, more than 7% below its replacement value (€274.76), indicating potential for appreciation in the medium term. Its 10-year IRR stands at 5.61%, with an annual distribution target of 5%.
CRISTAL Life: sector diversification and European presence
Launched in 2021, CRISTAL Life continues its rapid expansion, with a market capitalization of €262 million and inflows of nearly €60 million in the first half of 2025. The portfolio, comprising 33 properties across Europe, focuses on essential everyday uses (healthcare, retail, hospitality, and offices). This diversification allows the SCPI to capitalize on sustainable consumption trends and demographic shifts.
The subscription price is €206, with a replacement value of €224.01, representing an appreciation potential of over 8.5%. The 10-year IRR target is 6.54%, with a semi-annual distribution aligned with the annual target of 6.5%.
A Structured and Measurable ESG Commitment
Inter Gestion Reim is intensifying its ESG strategy in accordance with the ordinance of July 3, 2024. CRISTAL Life holds an SRI label and relies on a detailed ESG assessment for each asset, accompanied by performance indicators integrated into its reporting. For its part, CRISTAL Rente—classified as Article 8 under the SFDR—assesses its assets using the CRREM to ensure their alignment with the climate goals of the Paris Agreement.
Finally, both SCPIs incorporate a social responsibility dimension: certified as “sharing funds” since 2021, they donate up to €5 for every €1,000 of distributable income to charitable organizations. CRISTAL Life supports medical research through the Institut Curie, while CRISTAL Rente supports Restos du Cœur.
