Performance indicators

As soon as a missed payment is identified on an instalment, we apply a transparent and defined process whose progress is reported day by day to the project's investors. If the instalment is still unpaid after 30 days, the project moves to litigation: we open proceedings to enforce the guarantees taken on the project in order to repay investors. It is possible, and frequent, that we first seek an amicable resolution with the project owner, so as not to enforce the guarantees when the missed payment results from an unforeseen event (common in real estate) that they could not anticipate and when they act in good faith. Every amicable-resolution proposal is put to an investor vote, directly on the Bricks platform: the decision is theirs.

Internal rate of return (IRR) actually received by investors, net of fees, computed from the cash flows effectively collected (capital and interest).

Theoretical maximum IRR if all projects ran according to the schedule in force, with no delay or default.

Gap between the maximum possible return and the net return actually observed; it measures the impact of delays and losses on annual performance.

Indicator code (A, B, C…) used to locate it in the table.

Description of the measured indicator.

Year in which the projects were financed (raised). Each column groups the projects financed during the selected period, regardless of the repayment year.

Cumulative value across all selected periods.

Number of projects actually financed over the period. Failed or undisbursed raises are not counted.

Amount actually lent over the period (excluding failed or undisbursed raises).

Amortization term of the loans issued during the year, weighted by loan amount. The term used is that of the schedule in force (initial or amended).

Annual interest rate of the projects, weighted by loan amount.

Capital repaid on projects financed during the selected period (fully and partially repaid projects).

Share of the capital financed during the selected period already repaid (capital repaid relative to nominal financed).

Interest paid to investors for projects financed during the selected period, regardless of the payment year.

Capital outstanding on projects financed during the selected period and not yet fully repaid (nominal financed less capital repaid).

Number of fully repaid projects.

Amount of capital repaid on fully repaid projects.

Interest paid on 100% repaid projects. Interest received is allocated to the year of the raise, regardless of the payment year.

Projects being repaid on the schedule in force (healthy outstanding), not included in any of the delay, proceedings or loss categories detailed below.

For these projects: capital already repaid and capital outstanding.

For these projects: interest already paid, interest remaining to be paid by maturity, and overdue interest.

Number of ongoing projects with an interest payment delay of 0 to 3 months versus the schedule in force.

For these projects: capital already repaid and capital outstanding.

For these projects: interest already paid and interest remaining to be paid by maturity.

Number of projects with a payment delay of less than 6 months versus the schedule in force.

For these projects: capital already repaid and capital outstanding.

For these projects: interest already paid and interest remaining to be paid.

Number of projects with a payment delay of more than 6 months versus the schedule in force.

For these projects: capital already repaid and capital outstanding.

For these projects: interest already paid and interest remaining to be paid.

Number of projects subject to safeguard or judicial reorganization proceedings.

For these projects: capital already repaid and capital outstanding.

For these projects: interest already paid, interest remaining to be paid, and overdue interest.

Number of projects in definitive loss (judicial liquidation, certificate of irrecoverability, or recovery probability deemed nil).

For these projects: capital already repaid and capital outstanding (lost).

For these projects: interest already paid and interest remaining to be paid.