Dubai: Abu Dhabi’s Aldar Properties is raising the ceiling on internal transparency of its operations. It has become the first company in the GCC to adopt European Public Real Estate Association’s (EPRA) best practice for disclosure.
These recommendations encourage companies to provide detailed property-specific metrics, which are followed by global real estate-focused institutional investors. These disclosures are in addition to normal IFRS reporting requirements.
It allows for better like-for-like comparisons over time and between peer groups on key performance measures including adjusted earnings, net asset value, yield, vacancy rate and cost ratios.
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