EPRA Annual Report Survey 2011/12
Mobimo wins ‘Most Improved Annual Report’ in EPRA annual report survey
In conjunction with European Public Real Estate Association (EPRA), Deloitte is delighted to present a report on the findings of our review of the annual reports of 85 listed real estate companies across Europe.
Swiss real estate company, Mobimo has been presented with the award for ‘Most Improved Annual Report’ by EPRA, following a survey of annual reports of the 85 members of the FTSE/EPRA Developed Europe Index by Deloitte. The companies were measured against EPRA’s Best Practices Recommendations (BPR). Gold, silver and bronze awards have been given to those companies judged to have best complied with the BPR.
The survey focuses on EPRA’s Performance Measures which are at the heart of EPRA’s drive to achieve consistency and transparency in financial reporting for the benefit of shareholders and investors.
"We are particularly pleased, this year, to note the increased adoption in Germany, France and Belgium. The fact that over three quarters of the EPRA index companies use the BPR, representing 84% of the index by market cap, is a major milestone in the development of the BPR.”
Philip Charls, Chief Executive, European Public Real Estate Association (EPRA)
A total of 33 awards were issued in total – 15 companies achieved Gold awards, with 9 Silver and 9 Bronze awards. Companies in eight out of the 14 countries represented by members of the Index received an award, with British property firms winning the largest share. Gold medals were awarded to those companies recognised by EPRA for annual reports demonstrating exceptional compliance with the BPR.
Gold awards were won by: Alstria Office REIT AG, Befimmo (Sicafi), The British Land Company PLC, Capital & Counties Properties PLC, Capital Shopping Centres Group PLC, Citycon Limited, Cofinimmo NV/SA, Hammerson PLC, IVG Immobilien, Land Securities Group PLC, Mobimo, SEGRO plc, Unibail-Rodamco SE, Vastned Retail and Warehouses De Pauw Comm. VA. Swiss real estate company Mobimo has been presented with the award for ‘Most Improved Annual Report’.