EPRA issues further additional guidance for companies applying the EPRA BPR
31 Jan, 2014
The European Public Real Estate Association (EPRA) has issued additional guidance on the application of its Best Practices Recommendations (BPR), intended to facilitate the wider use of the BPR by property companies.
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).