EPRA issues additional guidance for companies applying the EPRA BPR
04 Feb, 2013
The European Public Real Estate Association (EPRA) has today published additional guidance for public real estate companies applying its Best Practices Recommendations (BPR) when preparing their annual report.
The guidance provides clarification of a number of general recommendations regarding application of the EPRA BPR, some frequently asked questions regarding a number of the specific requirements, and some examples of how companies have presented the EPRA Performance Measures in practice.
The general recommendations include such items as the application of materiality when calculating EPRA performance measures, the scope of the BPR and whether EPRA performance measures should be audited.
Frequently asked questions and a general description are provided for the following areas, expanding on the guidance contained in the BPR itself:
- EPRA Earnings
- EPRA NAV
- EPRA NNNAV
- EPRA Net Yield and EPRA ‘topped-up’ Initial Yield
- Investment Property Reporting
Examples of good practice in reporting the EPRA performance measures are identified in the final section of the guidance.
The guidance document itself can be downloaded here (link to EPRA website).
