EPRA Annual Report Survey 2013/14
The survey comprises a review of 84 annual reports from leading listed real estate companies across Europe to assess compliance with EPRA’s Best Practices Recommendations (BPR). For the first time, the results take into account the adoption of the new EPRA cost ratios that were published in July 2013.
I am delighted to announce the results of our EPRA Annual Report Survey 2013 / 2014.
The survey results this year have shown a significant improvement of the top scorers. Awarded companies are speeding ahead, with nine new Gold Awards, increasing their compliance with the BPR, while a third of the companies reviewed still need to take notice of the EPRA BPR and invest time in bringing their financial reporting up to speed with the rest of their peers.
This year EPRA has wanted to put more emphasis on companies which have outstandingly improved their reporting. Hence, five companies have been grantedthe award of the “Most Improved Annual Report”. I would like to congratulate this year’s winners: Aedifica, Icade, Intervest Offices & Warehouses, Nieuwe Steen Inv (NSI) and Wereldhave. Besides the significant improvement of their annual reports, which were granted among the best scores for the quality of the reporting on EPRA performances measures, they are striking examples of the leap forward identified last year.