The original EPRA NAV metric was created to measure the fair value of net assets in a normal investment property company business model over the long term. Through EPRA's mission to promote, develop and represent the European public real estate sector, there are now 14 REIT regimes in Europe EPRA NAV. The EPRA NAV is a net asset value per share calculated in accordance with EPRA's methodology i.e. net assets on the balance sheet excluding the effects of hedges, debt adjustments associated with the hedges and deferred taxation. It also adjusts the share in issue for the potential dilution of shares issuable under employee share schemes users of their financial statements, companies should additionally provide a bridge between the previous EPRA NAV metrics, as calculated in line with the November 2016 BPR, and the updated NAV measures as set out in the October 2019 BPR Guidelines for both the current and comparative accounting periods
The EPRA NAV key figures make adjustments based on the IFRS equity to provide stakeholders with information that is as clear as possible on the fair value of a real estate company's assets and liabilities in various scenarios. The Net Reinstatement Value (NRV) is calculated based on the assumption that residential properties are never sold effect, what is left as EPRA Earnings is the income return generated by the investment, rather than the change in value or capital return on investments. EPRA Earnings Per Share (EPRA EPS) should be calculated on the basis of the basic number of shares (in line with IFRS earnings). The main reason for this is that EPRA Earnings an EPRA NAV means the amount as reported by NRE in its quarterly or annual earnings release, based on a GAAP balance sheet adjusted based on NRE's interpretation of the EPRA guidelines, and similar as prior practices, including adjustments such as fair value of operating real estate, straight-line rent and deferred taxes and additional adjustments to be determined by NRE in good faith based on any changes to GAAP, international accounting standards or EPRA guidelines. In calculating EPRA NAV. Define EPRA NAV Per Share. means, as of any time, the EPRA NAV, less the liquidation preference of preferred securities outstanding and excluding the Incentive fee for the applicable year, as reported by NRE in its most recently filed annual or quarterly report filed with the SEC divided by the number of Weighted Average Shares as of the end of the period with respect to which such report was. EPRA Vacancy rate (Vakansgrad), % Hyresvärdet för outhyrda kontrakt dividerat med hyresvärdet för hela beståndet. Nyckeltalet beräknas i enlighet med EPRA:s definition, vilket möjliggör jämförelse med andra bolag. EPRA Earnings, kr Förvaltningsresultat med avdrag för beräknad aktuell skatt hänförligt till förvaltningsresultatet
Following extensive consultation with industry stakeholders, EPRA has today announced changes to the Net Asset Value (NAV) measurement to reflect the significant evolution of the listed real estate (LRE) sector over the last 16 years, when the Best Practices Recommendations (BPR) guidelines were first introduced EPRA Vacancy rate: The EPRA Vacancy rate is calculated by dividing the market rents of vacant spaces by the market rents of the total space of the whole property portfolio (including vacant spaces). EPRA Cost ratio: The purpose of the EPRA cos Both EPRA Cost Ratios should be calculated as a percentage of Gross Rental Income less ground rent costs (including share of joint venture Gross Rental Income less ground rent costs). Operating expenses not recharged specifically to tenants, but which are included de fact
Using the above formula, the NAV is calculated as: NAV = [($100,000,000 + $7,000,000 + $4,000,000 + $75,000) - ($13,000,000 + $2,000,000 + $10,000)] / 5,000,000 = ($111,075,000 - $15,010,000. EPRA NAV PER SHARE (EUROS) 10.42(*) 1147. 5.2 EPRA Net Asset Value Ratios Previous methodology EPRA NAV EPRA NNNAV In October 2019, EPRA published an update of its Best Practices and Recommendations document in which, at 31 Decem-ber 2020, the calculation of the EPRA NAV and EPRA NNNAV ratios is replaced by three new indicators: EPRA NRV. EPRA NAV METRICS PER SHARE EPRA Net Reinstatement Value: Assumes that entities never sell assets and aims to represent the The details for the calculation of the EPRA performance measures are shown in the following tables. Financial Statements 41 1 EPRA earnings & EPRA earnings per share (EPS) (in CHF 1000). The details for the calculation of the EPRA performance measures are shown in the following tables. 112 Konzernrechnung 1 EPRA earnings & EPRA earnings per share (EPS) (in CHF 1000) 2019 2020 EPRA NRV EPRA NTA EPRA NDV EPRA NAV EPRA NNNAV IFRS Equity attributable to shareholders 4 450 220 4 450 220 4 450 220 4 450 220 4 450 220 Include.
EPRA NAV per share is EPRA NAV divided by the diluted number of shares at the period end. EPRA net asset value (EPRA NAV) EPRA net asset value (EPRA NAV) is a proportionally consolidated measure, representing the IFRS net assets excluding the mark-to-market on derivatives and related debt adjustments, the mark-to-market on the convertible bonds as well as deferred taxation on property and. EPRA Triple Net Asset Value (NNNAV): is the EPRA NAV adjusted to include the fair values of (i) hedging instruments, (ii) financial debt and (iii) deferred taxes. I n October 2019, three new asset value metrics were introduced by EPRA: EPRA Net Reinstatement Value (NRV), EPRA Net Tangible Assets Value (NTA) and EPRA Net Disposal Value (NDV) which replace EPRA NAV and EPRA NNNAV EPRA NAV (pps) 172p 175p 1. Calculation: EPRA Earnings (£74.5m) plus further 3 months contribution from Mucklow (£4.9m) divided by closing EPRA NAV (£1,437.2m) NAV (excluding Mucklow costs) 174p 2.5p of deal costs Contracted Rent £123.3m +37% from £89.7m in 2019 TAR +3.0% 2019: 10.7%. FINANCIAL REVIEW. Income Statement1 6 31 March 202
2 Adjusted NAV is an alternate metric that is calculated in accordance with the Best Practices Recommendations of the European Public Real Estate Association (EPRA) and aligns with EPRA NTA. SEGRO discloses EPRA alternative metrics on pages 205 to 210 to provide a transparent and consistent basis to enable comparison between European property companies TLG IMMOBILIEN RECORDS STRONG GROWTH OF FFO AND EPRA NAV - 3.6% increase in annual net rental income in the strategic portfolio like-for-like - FFO per share up 5.4% year-on-year to EUR 1.37 - EPRA Vacancy Rate falls slightly to 3.1%, average WALT of 5.6 year
Recommendation Real estate companies should disclose EPRA NAV B EPRA Net Asset from FINANCE 6314M0353W at Universiteit van Amsterda
From NAV to the NAV-based pricing model. A high-quality NAV is essential to laying the foundation for valuation; however, a REIT is more than just the real estate it owns. Future total returns for any REIT are a function of how its real estate portfolio is likely to perform, as well as the value that its management team is likely to add or detract The EPRA net tangible assets calculation assumes entities buy and sell assets, thereby crystallising certain levels of deferred tax liability. EPRA NDV per share: The EPRA net disposal value shows the impact to shareholder value if company assets are sold and/or liabilities are not held until maturity Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Suppor The EPRA NAV provides a measure of the fair value of a company on a long-term basis. At 31 March 2021, due to the valuation ascribed to the Group's interest rate derivative contract used to hedge its exposure to variable interest rates, which is excluded from the calculation of the EPRA NAV, the NAV calculated under International Financial Reporting Standards was 109.2 pence per share EPRA currently has no events. Events. More News & Events. Company Profile More details on Equity Summary Score calculation are included in the Understanding and Using the Equity Summary Score Methodology Closed-end funds can trade at a discount to their NAV
18.82= EPRA NAV 0.75 1.55 0.70 EPRA NAV 31 Dec-2018 Dividend payment Portfolio valuation Other effects EPRA NAV 30 Sep-2019 TAG EPRA NAV calculation *incl. potential shares from convertible bond 2017/2022 (trading in the money at reporting date) and management compensation (in EURm) 30 Sep-2019 31 Dec-2018 Equity (without minorities) 2,157.2. • EPRA NAV per share grew 6.3% in the six months to 31 December 2020 to USD1.244 (June 2020: USD1.171). EPRA NAV growth was positively impacted by FX moves and operational earnings offsetting negative valuation impacts on retail assets. • c.80% of the portfolio was independently valued at 31 December 2020 FTSE Russell | FTSE EPRA Nareit Dividend+ Index Series, v2.4, December 2020 3 of 15 Section 1 Introduction 1.0 Introduction 1.1 This methodology is to be read in conjunction with the FTSE EPRA Nareit Global Real Estate Index Series Ground Rules, which are available at www.ftserussell.com. 1.2 The FTSE EPRA Nareit Dividend+ Index Series is designed to measure the performance of highe
EPRA NAV 1) 151 141 127 101 89 Change period-on-period 7 % 11 % 26 % 14 % 16 % EPRA NNNAV 1) 2) Refer to section Alternative performance measures for calculation of the key figure 2) EPRA NNNAV for 2019 is updated from reported for the fourth quarter of 2019 Our calculation of EPRA NAV is derived from our U.S. GAAP balance sheet with adjustments reflecting our interpretation of EPRA's best practices recommendations. Accordingly, our. .0% Dividend Yield 1.5% 2.0% 2.5% 3.5% 4.0% 4.5% 5.0% 5.5% Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2021 d Data as at month end FTSE EPRA Nareit Developed Dividend+ FTSE EPRA Nareit Developed FTSE Developed The index is calculated based on price and.
Net asset value, or NAV, is equal to a fund's or company's total assets less its liabilities. NAV, is commonly used as a per-share value calculated for a mutual fund, ETF, or closed-end fund Calculation of EPRA NAV Total equity attributable to owners of the Company (+) 1)Revaluation of trading properties (−) Fair value of derivative financial instruments 2) (−) Deferred taxes = EPRA NAV 1) Difference between trading properties carried in the balance sheet at cost (IAS 2) and the fair value of those trading properties
.5 1,625.9 + Deferred taxes on investment properties and financial derivatives 425.2 362.3 + Fair value of financial derivatives 42.0 8.4 + Difference between fair value and book value for properties valued at cost 60.0 24.8 = EPRA NAV 2,533.6 2,021. EPRA NAV (12)* <¦ 702.953 443.735 Debts and liabilities for calculation of debt ratio <¦ 470.104 486.902 Balance sheet total <¦ 1.193.698 949.477 Debt ratio (13) % 39,4% 51,3% IFRS NAV per share ¦ 43,09 33,83 EPRA NAV per share (14)* ¦ 44,54 34,63 EPRA NNAV per share (15)* ¦ 43,27 34,16 Share price (16) ¦ 81,00 59,8 Our calculation of EPRA NAV is derived from our U.S. GAAP balance sheet with adjustments reflecting our interpretation of EPRA's best practices recommendations. Accordingly,. EPRA NNNAV (TRIPLE NET ASSET VALUE - BLOCK) The EPRA NNNAV is calculated according to the EPRA recommendations (1) . The calculation is based on the Group's shareholders' equity obtained from financial statements, which include the fair value by block, excluding duties, of investment properties, buildings under reconstruction and properties held for sale, as well as financial instruments
Many translated example sentences containing epra - German-English dictionary and search engine for German translations P/EPRA NAV EV/GAV and P/EPRA NAV DCF Source: Nordea estimates ESTIMATE CHANGES Year 2020E 2021E 2022E Sales 0% 0% 0% EBIT (adj) 0% 0% 0% Source: Nordea estimates Stable dividend justiﬁes NAV premium valuation Cibus reports its Q4 results on 25 February. We expect net operating income of EUR 16.6m, flat from EUR 16.6m in Q3 and up from EUR 12. EPRA NRV ps. 26.5. 27.0. Dec 2020. Mar 2021. EPRA NTA ps. 20.1. 20.8. Dec 2020. Mar 2021. EPRA NDV ps. Profit generation offset by share buyback program, resulting in marginally lower EPRA NAV metrics on an absolute basis but an increase on a per share basis. The share buyback program remains accretive to shareholders, reflected in the increase. EPRA earnings 122.1 123.6 Average number of outstanding shares 15 898 915 15 889 169 EPRA earnings per share in CHF 7.68 7.78 EPRA equity (NAV) CHF million 31.12.2020 31.12.2019 Equity (NAV) according to consolidated financial statements 2 412.9 2 352.6 Dilution effects 0.0 0. EPRA NAV METRIS (IN € MILLIONS) EPRA NAV METRIS PER SHARE (IN €) PROVEN ABILITY TO DELIVER STEADY CAPITAL APPRECIATION The complete calculation of all EPRA KPI's is available here 4,571 4,776 Dec 2019 Dec 2020 EPRA NRV 4,358 4,566 Dec 2019 Dec 2020 EPRA NTA 3,323 3,452 Dec 2019 Dec 2020 EPRA NDV 27.2 27.8 De
. TLG IMMOBILIEN experiences FFO and EPRA NAV growth and initiates merger with Aroundtown - Rental income has increased by 4.0% to EUR 173.0 m and FFO has increased by 6.9% year-over-year to EUR 107.7 m - The occupancy rate is high and stable at around 97% with an average WALT of almost 6 years - EPRA NAV per share at EUR 30.2 Offer and share price in relation to EPRA NAV since 2019 Offer price equals a discount to EPRA NAV of only -8.5% 11 Voluntary takeover offer Source: Company filings as of 31-Dec-2020, Factset/Bloomberg for share prices, ad-hoc notification of 10-May-2021 Deutsche Wohnen Diluted EPRA NAV incl. Goodwill (30 September 2015) 7,702 Cash Component(a) (2,851) Transaction Costs (157) Pro-Forma Combined EPRA NAV 17,357 Deutsche Wohnen Stake in Combined Company 34% Deutsche Wohnen Stake in EPRA NAV per Share(b) 15.64 Vonovia Premium to EPRA NAV(c) 6.6
The European Public Real Estate Association (EPRA) has surpassed its 2018 targets for the number of listed property companies complying with its Best Practices Recommendations (BPR), the industry-leading standard for disclosure and transparency in financial reporting Lyxor FTSE EPRA/NAREIT Developed Europe UCITS ETF - Dist FR0010833558 LU1812091194 Secondary market trading and over the counter trading at NAV will remain possible but primary market suspension will limit tradable volumes. Trading on the secondary market will be maintained on most venues throughout the merger process and you will be able t
Europe's property companies need to move toward standard reporting practices to enable investors to compare firms transparently across the industry, according to Epra, the Amsterdam-based European Public Real Estate Association, as it launches its Best Practices Policy Recommendations Stock Plan states that EPRA NAV shall apply for the calculation of the year end shareholder return. However, at the initiative of the management the 2015 adjusted NAV will prevail instead. This means that the goodwill arising from Testa acquistion is deducted from EPRA NAV for stock plan calculation purposes 3,071,579 2,950,952 (2
Calculation of EPRA NAV Total equity attributable to owners of the Company (+) Revaluation of trading properties1) (−) 2)Fair value of derivative financial instruments (−) Deferred taxes3) = EPRA NAV 1) Difference between trading properties carried in the balance sheet at cost (IAS 2) and the fair value of those trading properties EPRA NAV (12)* <¦ 671.559 443.735 429.981 Debts and liabilities for calculation of debt ratio <¦ 476.305 486.902 470.037 Balance sheet total <¦ 1.167.042 949.477 917.690 Debt ratio (13) % 40,8% 51,3% 51,2% IFRS NAV per share ¦ 40,57 33,83 32,72 EPRA NAV per share (14)* ¦ 42,55 34,63 33,5
Our calculation of EPRA NAV is derived from our U.S. GAAP balance sheet with adjustments reflecting our interpretation of EPRA's best practices recommendations. Accordingly, our calculation of EPRA NAV may be different from how other European real estate companies calculate EPRA NAV, which utilize International Financial Reporting Standards (IFRS) to prepare their balance sheet EPRA NNNAV 830,087 751,366 Adjustments: Fair value of derivatives 3,683 3,679 Fair value of derivatives - share of associate 69 46 Share of deferred tax in associates 573 425 EPRA NAV 834,412 755,516 Basic net assets per share (pence) 530.8 484.0 EPRA NNNAV per share (pence) 525.5 478.5 EPRA NAV per share (pence) 528.3 481.1 EPRA NAV (as.
Index Description. Index Description. The FTSE EPRA Nareit Developed Europe ex UK Index tracks the performance of listed real estate companies and equity real estate investment trusts (REITS) operating in Europe but excluding the UK whose relevant activities are defined as the ownership, disposal and development of income-producing real estate The EPRA NAV, reflecting the increase in value net of tax, at the year end was £83.3m (133.7 pence per ordinary share), up 27.1% from £65.5m (105.1 pence per ordinary share) as at 30 June 2008. This reflects in part the value increases coming through as we achieve a larger number of planning permissions and the projects start to make progress On Page 16, you can see the calculation of our EPRA NTA, which has replaced the previously reported EPRA NAV. The EPRA NTA per share came out at EUR 52.50. So 1 percentage point higher than year. EPRA NNNAV (diluted) 3,512,004 3,720,672 3,557,989 3,187,099 Number of shares excluding treasury shares in 1,000 123,293,795 123,293,795 123,293,795 123,293,795 EPRA NAV per share in EUR 28.81 30.18 28.86 25.85 EPRA NNNAV per share in EUR 28.48 Former indicators 31 12 2020 New indicators 31 12 2020 All amounts in TEUR NAV/NNNAV NRV NTA ND EPRA NAV (in €per share) 55.88 55.60 54.91 EPRA NNNAV (in €per share) 53.98 53.65 54.30 The calculation methods of the EPRA NAV and NNNAV are detailed on page 60 of Befimmo's Annual Financial Report 2015 (www.befimmo.be)