Glossary
Earnings per share
(“EPS”)
Profit after taxation
attributable to Ordinary Unitholders divided by the weighted
average number of Ordinary Units in issue during the year.
EPRA
European Public Real Estate
Association.
EPRA earnings
IFRS post-tax profit adjusted
in line with EPRA “Best Practice Policy
Recommendations” issued in July 2009.
EPRA earnings per share
(“EPS”)
Earnings per share based on EPRA
earnings.
EPRA net asset value (“NAV”) per
Unit
NAV per unit adjusted in line with EPRA
“Best Practice Policy Recommendations” issued in
July 2009.
Gross yield on MV
The annual net rent on
investment properties expressed as a percentage of the valuation
ignoring costs of purchase or sale.
IFRS
International Financial Reporting Standards
Market value (“MV”)
Market value is an opinion of the best price at which the sale of
an interest in the property would complete unconditionally for cash
consideration on the date of valuation (as determined by external
valuers). In accordance with usual practice, values are reported
net, after the deduction of the prospective purchaser’s
costs, including stamp duty, agent and legal fees.
Net asset value (“NAV”) per
Unit
Total equity divided by the number of ordinary
Units in issue at the period end.
Net yield on MV
Annualised net rents on
investment properties expressed as a percentage of the
valuation.
