Evaluating European Public Real Estate Association (EPRA) Metrics for Benchmark Outperformance
Abstract A study of five EPRA (European Public Real Estate Association) reporting indicators (EPRA cost ratio, EPRA net initial yield, EPRA topped-up net initial yield, EPRA vacancy ratio, EPRA leverage ratio), one proprietary indicator, marketimplied yield, calculated on the basis of an EPRA net asset value measure (EPRA net reinstatement value), and two factor indicators, […]