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 Board of Directors chaired by Pere Viñolas Serra.
History
From its formation in Amsterdam in 1999, partnering initially with
Euronext
Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services.
Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
and later with
FTSE and NAREIT,
the three bodies established the FTSE EPRA/NAREIT Global Index series
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 trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...
s. The association has been located in
Brussels
Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...
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 and Most Improved Best Practice Recommendations (BPR
) Awards are delivered to companies based on the analysis of annual reports by auditor Deloitte.
References
External links
Official siteReady for growth: A guide to the future of the European listed real estate'*'Real estate in the real economy' - 201
reportan
infographicEPRA Annual Report 2015
{{Authority control
Non-profit organisations based in Belgium
Real estate-related professional associations