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EPRA Monthly Brief
September 2020
Our first EPRA Virtual Annual Conference marked the return from the summer holidays for our sector and I hope you enjoyed it as much as I did. This event was marked by the EPRA chairmanship handover, and I could not be more happy than to welcome Méka Brunel, Gecina CEO, as our new Chairwoman. With no less than 600 attendees over this five-day event, I am sincerely pleased about the enthusiasm and engagement the EPRA Virtual Conference has achieved and I cannot wait to welcome back our members at our next in-person EPRA Annual Conference in Paris on 21-23 September 2021. For those who missed the chance to attend our live streams, all recorded sessions are available here until the end of November.

Registrations for the EPRA Corporate Access Winter 2020 edition are now opened. This fifth edition will be held virtually on Wednesday 25 November and I am glad that this format has given us the chance to increase the number of participating companies to 27. Meeting slots are getting booked quickly so remember to register without delay.


I am also pleased to announce that EPRA has launched its second edition of Diversity & Inclusion Award which aims to highlight and recognize the best practices amongst the listed real estate sector. This year, the scope of applications is widened to the entire EPRA membership. Should your organisation be committed in initiatives meant to improve diversity and inclusion, you can read more about the submission process.

Finally, as always, I would like to warmly welcome our newest members: BMO Commercial Property Trust, BMO Real Estate Investment, Eften Capital, Executive Master Immobilier and Tritax Eurobox.



Dominique Moerenhout, EPRA CEO
EPRA news
EU Commission Action Plan to channel more long-term financing to listed property companies
Last week, the European Commission proposed its Action Plan for a more integrated capital markets union (CMU) and released sixteen concrete propositions that aim to move the EU’s capital markets forward. Enhancing insurers to invest in equity and other long-term assets, establishing an EU-wide platform for investors to get access to transparent financial and sustainability information but also simplifying withholding tax procedures to lower the cross-border investment’s costs, amongst the thirteen other propositions, would strongly stimulate investments and will support the growth of an accessible, transparent, more sustainable and liquid listed real estate sector. EPRA has been contributing to these proposals in the public debate and will maintain doing so in the course of the following various legislative processes, to achieve the best for the industry and the overall European economy. Read more about the CMU Action Plan.
 
Measuring the ESG Impact on Listed Real Estate Performance - an academic research by Henley Business School, PGGM, TIAS and EPRA
In collaboration with Henley Business School, PGGM and TIAS, EPRA has recently published a research paper ‘Measuring the ESG Impact on Listed Real Estate Performance’. By using the adoption of the Sustainability Best Practices Recommendations (sBPR) by the EPRA members, this research aims to look into the application of transparent environmental, social and governmental (ESG) ratings and their interactions with public real estate performances across European markets. The research has revealed that the listed real estate (LRE) market has made significant improvement on transparency and ESG best practices. Over time, the ESG completeness has helped increasing returns on energy certifications and governance scores and has helped to reduce energy usage and greenhouse gas emissions, which has been highly appreciated by the investors. As a result, the more firms report on ESG metrics, the better subsequent returns will grow. Click here to read the full report.
 
Updates of EPRA sBPR Database
The sBPR data tool has been updated with the latest dataset of ESG publicly available data for the Financial Year 2019/2020. The scope of the database has increased from 70 to 90 Listed Real Estate companies amongst the EPRA membership, for a total market value of EUR 209 billion (as of March 31, 2020) and 6,000 assets owned, covering a total time span of nine years. This new scope has revealed an increase in the reporting disclosure of small and medium property companies, of respectively 43% and 46% of companies’ coverage of the database. This year shows again that most companies undertake a third-party verification/assurance of their sBPR data. Visit the sBPR database to find out more about the latest EPRA members’ ESG disclosure. Should you have any questions, please reach out to sustainability@epra.com.
EPRA Index team insights in Asian markets webinars
This month, the EPRA Index team have joined webinars with international experts. David Moreno, EPRA Research and Indexes Senior Analyst, took part in the webinar hosted by IRPAS and REITAS “Positioning Your REIT For Index Inclusion for Greater Trading Liquidity and Investor Visibility”, with panellists from SGX, Manulife US, and Principal Real Estate Investors. David explained the main characteristics and eligibility criteria of the FTSE EPRA Nareit Index series and shared his insights on the investment trends observed over the last decade within listed real estate industry. Mainly addressed to IRPAS and REITAS members, the webinar mostly reached a C-level audience from Singaporean REITs.
Ali Zaidi, EPRA Director Research and Indexes, took part in a series of webinars hosted by FTSE Russell, EPRA and Nareit “Listed Real Estate: Outlook and opportunities in Europe, US and Asia”. Over these three webinars, the panels discussed how listed real estate is positioned in the current environment, some property sectors that continue to provide differentiated investment opportunities, and the long-term diversifying role LRE can play with institutional investors. You can access the recorded webinars related to North Asia, South East Asia and Japan.

 
EPRA first PropTech event
EPRA is pleased to host its first PropTech webinar on Thursday 5 November, 12:00 PM – 1:00 PM CET. A panel of leading European PropTech start-up CEOs will present how their tools would help property companies succeed in the post-COVID-19 world. A registration link and more information on the agenda will be shared shortly. Do not hesitate to check here to hear about the latest updates on our events.
 
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