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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...

  • Why invest in listed? Leading investors discuss their strategy towards listed real estate.
 

 

 

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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

  • 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.

  • 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.

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  • 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."

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  • 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.

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  • taxation.PNGCommission tightens rules on EU corporate tax

    Companies will no longer be able to exploit differences in the way intra-group payments are taxed across the EU to avoid paying any tax at all.

    The result will be that the Parent-Subsidiary Directive can continue to ensure a level-playing field for honest businesses in the Single Market without opening opportunities for aggressive tax planning. Member States are now obliged to adopt a common anti-abuse rule, allowing them to ignore artificial arrangements used for tax avoidance purposes and ensuring that taxation takes place on the basis of real economic substance.

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  • 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.

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  • Agreement.PNGProvisional political agreement on Omnibus II directive

    EU Council and the European Parliament have (on November 13) achieved a provisional political agreement on Omnibus II directive. Agreement on Omnibus II enables Solvency II framework finally to become operational. Solvency II is a long-expected major overhaul of the EU insurance regulatory framework and is very important for the insurance industry, supervisors and policyholders in the EU.

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  • 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.

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  • 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.

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  • 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.

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  • economic_catalyst.JPGListed RE sector can be catalyst for growth  EU Green Paper

    EU initiative to revive the region’s economy is an opportunity to place the listed commercial real estate sector at the heart of efforts to boost growth and job creation. Green Paper recognises listed sector role.

    EPRA said regulatory and market barriers are holding back the potential contribution that listed real estate companies, including REITs, can make.

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  • 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.

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  • BaFin.JPGAlarm over BaFin targeting of REITs

    EPRA has voiced alarm at an unexpected proposal by Germany’s Supervisory Authority BaFin to include domestic REITs within the scope of the EU’s AIFMD. The potential classification of listed real estate companies as part of the 'fund' sector is of most concern.

    "If implemented, it would be detrimental to the future growth of the German listed property sector, the efficiency of the broader domestic real estate industry and hit the wider economy." EPRA.

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  • 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.

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  • 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?

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  • AIFMD regulatory clarity for real estate welcomed

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    EPRA has broadly welcomed the approach taken by ESMA in its recent consultation covering key concepts of the AIFM Directive. Our strong view is that listed property companies and REITs are commercial operating businesses, not funds, and should therefore fall outside of the scope of the AIFMD.

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  • 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 >>
 
EPRA Annual Conf, Sept24