EPRA launches BPR tool to drive reporting transparency

EPRA has launched a new tool to enhance reporting transparency throughout the European listed real estate industry.

Now live, EPRA’s interactive ‘Best Practices Recommendations (BPR) Adviser' is designed to make the adoption of BPR reporting standards simpler, with tailored guidance for members and a searchable archive of auditor answers.

The BPR Adviser lets users search previously answered questions, and specific advice will be provided from an expert panel drawn from EPRA’s BPR Advisory Group.

EPRA said the tool shines a technical light on the usage of EPRA’s key performance indicators: EPRA Earnings, EPRA NAV, EPRA NNNAV, EPRA Net Initial Yield (NIY) and EPRA 'topped-up' NIY, EPRA Vacancy Rate and EPRA Cost Ratios.

The tool is supported by the BPR advisory panel, comprised of a representative from the big four audit companies and panel chair Giacomo Balzarini, CFO of PSP Swiss Property.

'Investors and analysts continue to demand that companies report consistently. Now that the information is at the fingertips of every property CFO, we expect the fullest adoption – it’s an investor-friendly approach few other industries can claim,' said EPRA’s newly appointed reporting & accounting officer, Hassan Sabir.

For more background on the BPR Adviser, go to: www.epra.com/bpr-adviser and to use the tool itself, go to www.epra.com/bpradviser