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2 trillion reasons to buy – each solid and transparent...


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Assets – top quality buildings & locations.

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Yield – sustainable & unbeatable.

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Exposure & diversification – ignore it at your peril.

Locked out, kept in the dark, no-one at home! Is this your day-to-day investment experience?


Listed real estate operates under REIT legislation, accounting laws, Stock Exchange rules and reporting requirements and governance guidance. You have open access to track your funds easily.

Over EUR 1 trillion worth of real estate in one number...

FTSE EPRA/NAREIT Global Real Estate index - the world's leading benchmark.

 

 

Research, indices & investment

For a decade EPRA has been managing and developing the investment indices which define Europe's listed real estate sector. With this insight, we conduct and support wide-ranging research revealing the true nature of this investment choice. Listed real estate is the most transparent and accountable property asset class, with short-term liquidity and long-term stability. Find out more...

 

 

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Regulation & reporting

Consistency and transparency of reporting are principal strengths of listed real estate. EPRA formulates Best Practice for the European sector in reporting and accounting through wide-scale industry engagement. This hands-on relationship affords the Association a more effective voice in its representative activities among European policy-makers. The unique nature of listed real estate requires a strong and active presence in the heart of Brussels. Find out more...

 

NEWS

  • BPR_Dec2014.PNGEPRA Reporting BPRs updated

    The most comprehensive update of EPR BPRs since 2011 took effect in December 2014, clarifying listed real estate financial reporting best practice. EPRA’s key performance indicators are EPRA Earnings, EPRA NAV, EPRA NNNAV, EPRA Net Initial Yield (NIY) and EPRA 'topped-up' NIY, EPRA Vacancy Rate and EPRA Cost Ratios.

    "The EPRA BPRs are instrumental in achieving a standard of transparency and comparability of reporting required by us and other leading investors in the industry." Hans Op't Veld, PGGM.

  • EPRA Newsletter - November 2014Knowing your REITs EPRA newsletter

    With REIT structures maturing across Europe, this issue of EPRA's magazine highlights the situation in Germany where BaFin continues to clarify its interpretations. Belgium b-REITs take clearer shape and South African REITs raise their game. We look at the reporting metrics applied by most European REITs, particularly the firms out front in terms of reporting EPRA BPR and Sustainability BPR. Finally, we peel back the facade of the Commission to reveal EPRA's latest lobbying activites on behalf of the industry and consider the year to come.

  • Capture.PNGEU event held, with industry report

    A gathering of 50 policy-makers and industry representatives was held in Brussels, Nov 04, to better inform the institutions on the critically important role that real estate plays  - both listed and unlisted - in the European economy.

    A joint EPRA/INREV report - Real Estate in the Real Economy - report was published, which delivers hard facts and numbers on the sector's contribution.

  • EPRA's app for iPhone & iPad

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    There's no easier way to sync your iOS device with the industry-wide Reporting Calendar than via the EPRA app. It will remind you of reporting companies and investor dates which you can place directly into your Outlook. Track indices numbers/returns and constituent data over two decades. Get corporate actions the moment they are released.

    Download the app by clicking the image. "Rarely has such a simple tool given such instant reward," said Fraser Hughes, EPRA. Download now >>


  • global_flow.PNGListed sector's possible boost to 18% of global market by end-2015

    Strong international investment flows, a buoyant IPO market and a structural change in how institutional investors manage their property portfolios, could lift Europe’s share to 18% of the market capitalisation of the global REIT market.

    Robust global equity markets and investors’ hunt for yield from strong dividend income-producing REITs have played a key overall role in rising property stocks worldwide.

    Read more >>

  • BPR_awards.PNGImproved transparency of reporting from European real estate

    The Annual Reports of the 84 index constituents were surveyed for EPRA performance metrics in the annual BPR survey. 81% adopted at least one, representing 91% marcap of the Dev Eur index. 58% by marcap disclose all six measures. Since its introduction a year ago, already 61% by marcap have adopted one of the cost ratios. Five companies received 'Most Improved' awards, showing reporting consistency has deep roots as well.

    Read more >>

  • EPRA Newsletter- August 2014Getting the structure right  EPRA newsletter

    Harder times breed fitter regimes, so now is the moment for listed RE companies to promote their management and financial structures. Indeed, quality in the listed sector is drawing improved investor sentiment in both Spain and Germany. We also see the Dutch REIT regime bearing fruit, while IPOs across Europe have sparked into life.This newsletter issue peels back the cover on Investor Relations and gets inside Europe's largest listed RE company, Unibail. With more on the EPRA Conference and the indices, there's much to take in.

    more >>

  • EPRA Newsletter- March 2014The REIT newsletter

    The March magazine provides a catch-up on the issues facing Europe's listed property sector, and the activities and efforts of EPRA, alongside many leading real estate companies, to address them. We look at the renewed interest in Spanish REITs, free cash flows and disclosures, and why Australians are increasingly looking for overseas investments. 3D printing is set to transform the retail landscape, but what of the Propco? Finally, we turn a page on capital flows and the need for ever-more performance understanding.

    more >>

  • Blended RE investment magnifies returnsMultiplied_return.PNG

    Defined contribution pension funds that integrate listed real estate in their property investment allocations generate consistently superior returns compared with portfolios without a blended approach. "There is now a compelling body of research to show institutional investors that by sticking to the traditional non-listed strategy they are missing out on superior returns, as well as the benefits of liquidity and efficient pricing that come from integrating listed property companies into their real estate allocation."

    more >>

  • Golden_Terraces_Warsaw.PNGReal estate as a hybrid asset class

    There's a new approach to intelligent asset allocation among pension funds - real-estate with a longer-term view.

    Investors’ perceptions of real estate have been changing. The more nuanced view sees it as a hybrid asset class providing inflation protection and regular cash flow. Some even see it as a credible source of capital growth and regular income. Unsurprisingly, therefore, real estate has shot up in the list of investors’ asset preferences.

  • Listed_companies.PNGListed sector 'crucial' to Europe's long-term growth

    If there ever was a time for the EU to shift away from an agenda dominated by necessary but sweeping regulations, it would be now. EPRA is glad to see that this may be happening, with a European commission work programme directed at job creation, reducing sovereign debt, tackling pension reform, creating financial stability and enhancing long-term investment. It is increasingly on the radar of institutional investors such as pension funds and insurance companies and also with retail investors that feel attracted to a longer term perspective.

    more >>

  • EPRA Newsletter - November 2013Latest Newsletter, for all that's REIT

    The November magazine provides a catch-up on the issues facing the listed sector, and the activities and efforts of EPRA alongside many leading real estate companies to address them. Much focus is on the investment potential of Europe from Asia-Pacific investors, and new research findings which continue to show that listed real estate cannot be overlooked. We look at the diversification qualities of an investment in listed RE; the characteristics of blending, and trends in Germany and the Nordics.

    more >>

  • Tomorrow_pensioners.PNGReal estate investment in DC schemes could stand at GBP 170 billion by 2030

    DC schemes designed for auto-enrolment have selected real estate as the first illiquid or ‘alternative’ asset class to be incorporated as a core component of default funds. Trend, if adopted across the market, suggests real estate assets AUM may be worth GBP 170 billion by 2030. New research report published.

    More >>
  • Adding property stocks to the RE investment mix strongly boosts returns

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    Real estate portfolios that blended stocks with non-listed investments generated 50% superior returns over the past decade compared with those with no listed property sector allocation, EPRA research finds. "Our findings show how investors are missing out on superior returns by having no exposure to the listed sector." Author Alex Moss, Consilia Capital.

    More >>
  • EPRA Newsletter - August 2013.JPGEPRA Newsletter: French SIICs, SA REITs & new capital

    We look at Europe's macro economic health - it's not entirely grim. Two of Europe's largest infrastructure projects signal a new era of urban planning. We update our programme to attract investment from Asia, and look at bringing Private Client Broker funding to the table. Read a preview of the EPRA Conference which brings together all the data, the theories and the participants of the listed sector.

    more >>

  • BaFin.JPGEPRA welcomes German regulator's REIT position

    EPRA welcomes BaFin's revised position that G-REITs should be assessed against the criteria for identifying funds in the same way as any other real estate company. This reflects the recent guidance provided by the European Securities and Markets Authority and supports EPRA's view.

    more >>

  • Surge in real estate securities funds reflects growing appetite for listed REThe_use_of_listed_RE_securities_in_asset_management.JPG

    Assets under management of real estate securities funds grew 68% to USD 250 billion from 2007 to 2012. Real estate securities funds increased 39% to 677 in the same period. Why? Convincing new research evidence suggests that having listed real estate in a portfolio can also improve returns and diversify risk.

    more >>

  • EPRA Newsletter - March-April 2013EPRA Newsletter: German, Spain, Ireland and all things REIT

    We look at the wave of new REIT legislation taking shape in Europe, and consider how the German listed property sector could well double in size over the coming two years. The predicament faced by savers is explore, and the how 'listed' can fit their needs. How could regulation generate new REIT waves in European corporate real estate? What is current thinking on the cost and transparency of listed investment allocations?

    More >>