European Public Real Estate Association

This article is about the real estate Association. For the village in Estonia, see Epra.
The European Public Real Estate Association
Real estate Association
Industry Real estate
Founded 1999
Headquarters Brussels, Belgium
Key people
 Serge Grzybowski (Chairman), Philip Charls (Chief Executive)
Website www.epra.com

The European Public Real Estate Association (EPRA), is a non-profit association representing Europe's publicly listed property companies. It is run by an independent management board[1] chaired by Serge Grzybowski,[2] CEO of French property firm Icade.

History

From its formation in Amsterdam in 1999, partnering initially with Euronext and later with FTSE[3] and NAREIT,[4] the three bodies established the FTSE EPRA/NAREIT Global Index series[5] which is now used as the global indices platform from which to benchmark the performance of stock exchange-quoted property companies and real estate investment trusts. The association has been located in Brussels since 2009.

Activities

Raising the understanding of real estate in relation to investments and its role in society in general is a core activity for EPRA. Property company data and statistics derived from the indices form the basis of wide-ranging academic research on the listed sector (both commissioned by EPRA and independently conducted).

On a financial reporting level, EPRA's aim is to establish consistent reporting across the real estate sector. The Association encourages the adoption of an industry-wide set of financial reporting KPIs, and Gold, Silver & Bronze Best Practices Reporting (BPR[6]) accreditations are issued to companies based on the analysis of accounts by auditor Deloitte.

External links

References

  1. ↑ Dominic, Turnbull. "Assoc. Structure".
  2. ↑ "Chairman".
  3. ↑ "FTSE Partnerships".
  4. ↑ "NAREIT Partnerships".
  5. ↑ "FTSE EPRA/NAREIT Global Index series".
  6. ↑ Turnbull, Dominic. "EPRA Best Practices Recommendations". EPRA.
  7. ↑ "EPRA - Annual Report 2011".