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2 trillion reasons to buy – each solid and backed by the best data available... |
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Assets – top quality buildings & locations. |
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Yield – sustainable & unbeatable. |
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Exposure – ignore it at your peril. |
Locked out, kept in the dark, no-one at home! Is this your day-to-day investment experience? |
In contrast, listed real estate operates under REIT legislation, accounting laws, Stock Exchange rules and reporting requirements, corporate governance guidance and CSR. You have open access to track your funds. |
One trillion euros worth of real estate in one number... |
FTSE EPRA/NAREIT Global Real Estate index - the world's leading benchmark. |
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Research & InvestmentFor 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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Why invest in listed? PGGM's multi-billion investment in listed real estate is based on sound thinking and solid numbers.
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Regulation & ReportingConsistency 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... |
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INDEX CHART BOOK - includes over 200 graphs on widely used technical indicators on the index series (historical development of risk/return profiles, volatility numbers and relative strength indices).
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COMPANY CHART BOOK - a snapshot of the performance of all constituents comparing this with several other benchmarks (regional peers, its sector peers and the broader equity and bond market).
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MONTHLY MARKET REVIEW - Overview of all relevant news on the global markets and individual companies (corporate activity, capital raising and transactions).
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LTV REPORT - Monthly insight into corporate debt levels of listed RE companies (loan-to-value ratios, bond issues and maturities).
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STATISTICAL BULLETIN - out at close-of-business (month end). Wide range of stats on the developed listed RE markets: performance data on indices & constituents; sub-sector data; total markets data and global correlations.
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NAV REPORT - examination of the NAV as published by the RE companies that are included in EPRA indices (includes historical discounts/ premiums-to-NAV, both on indiv. company and index level).
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TRANSACTIONS OVERVIEW - presenting an overview of real estate transactions done in the various markets, including who’s buying and selling assets.
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Spanish tax reform undermines real estate market
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New Spanish legislation to restrict interest deductions for taxation purposes could further reduce the flow of international capital into domestic commercial property. Another missed opportunity, says EPRA. The much-criticised SOCIMI regime implemented an 18% flat rate for qualifying net income, payable by the property entity itself, rather than external investors through dividends.EUR 4.2bn 
EPRA Index boost
Three stock market-listed property companies will enter the leading global index for listed real estate, Passing the Index eligibility criteria, boosting its combined real estate asset value coverage by about EUR 4.2 billion. Their combined rental revenues over 2011 amounted to approx. EUR 281 million.
Hamborner REIT AG (Germany), ANF Immobilier (France) and Fastighets AB Balder (Sweden) will be added to the FTSE EPRA/NAREIT Developed Europe Index as of March 19, 2012.
European REITs satisfy thirst for dividend yields
High investor demand for dividend yield, against a background of weak equity markets and ultra-low interest rates, can be met by income flows from European listed property companies and particularly REITs, new EPRA research shows. Dividend yields from the sector have remained consistently above equities and bond yields over the past five years.
Access to Equity Markets - Cohen & Steers Paper
Global asset manager and EPRA member, Cohen & Steers have published a position paper entitled: 'Why Europe Must Open Access to Equity Markets: Phase II' which can be accessed here. The paper builds on Phase I which was published back in March 2011, and endorses a plan of flexibility, whereby real estate companies have a wider range of options to raise equity.
Allure of French property stocks dimmed by tax changes
French listed real estate may see its attraction to international investors reduced by new taxation rules. It has been a reassuringly robust presence for the property industry amongst the debris of the ongoing financial crisis, but any threat to this stability would be unwelcome for the French economy and international investors says EPRA. |
Real estate equities’ performance outshines non-listed options for investors in Germany |
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The lack of a large, dynamic, listed corporate real estate sector in Germany, comparable with neighbouring economies, appears to have curtailed investor returns over the long-term by limiting their property investment options. EPRA findings conclude that the restrictions on the development of a vibrant listed German real estate sector appear to have cost investors dearly in terms of long-term property investment performance. More >> |
EPRA in drive to improve sustainability reporting for European listed real estate sector. |
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EPRA has launched Best Practice Recommendations for Sustainability Reporting in the listed property sector, as it aims to drive up standards in this crucial area and replicate successes already delivered via the EPRA BPR financial reporting. More >> |
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Listed property sector plays vital role in economic recovery says new EPRA chairman. |
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David Atkins, CEO of UK property company Hammerson, has been appointed as Chairman of the European Public Real Estate Association. Speaking at the industry body’s annual conference (Sept 2011), he said that the key role listed property firms play in European economies, mean they are vital to a sustainable economic recovery. More >> |
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