EPRA NAV definition

EPRA NAV means the amount as reported by NRE in its quarterly or annual earnings release, based on a GAAP balance sheet adjusted based on NRE’s interpretation of the EPRA guidelines, and similar as prior practices, including adjustments such as fair value of operating real estate, straight-line rent and deferred taxes and additional adjustments to be determined by NRE in good faith based on any changes to GAAP, international accounting standards or EPRA guidelines. In calculating EPRA NAV, the liquidation preference of preferred securities outstanding shall not be included as a liability of NRE and shall not reduce EPRA NAV.

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EPRA NAV. Net asset value determined based on the methodology of European Public Real Estate Association;

EPRA NAV means net asset value adjusted to include properties and other investment interests at fair value and to exclude certain items not expected to crystallise in a long terms property business model;

Examples of EPRA NAV in a sentence

• Calculation of EPRA NAV assumes a long-term business strategy for the real estate investment company where divestment of assets in the near future is unlikely and temporary differences in financial assets or liabilities obscure the transparency of the fair value of the net assets of the fund.

• The merging funds’ management boards therefore consider EPRA NAV as suitable and appropriate for assessment of the value of the assets of the Fund Being Acquired.

• As at 31 December 2020, EPRA NAV amounted to EUR 5.1 billion (unchanged versus year-end 2019) and Net Loan-to-Value (LTV) stood at 40.7 per cent.

• The fund manager has published EPRA NAV in addition to IFRS NAV of both merging funds as of 01.01.

• Due to that EPRA NAV describes the fair value of the merging funds more clearly than NAV which is calculated in accordance with IFRS.

• The use of EPRA NAV has been recommended by the European Public Real Estate Association (above and hereinafter EPRA) and it is commonly used by publicly listed European real estate companies.

• The use of EPRA NAV has been recommended by the association of European real estate sector entrepreneurs (the official name: European Public Real Estate Association, above and hereinafter EPRA) and it is commonly used by publicly listed European real estate companies.

• The foregoing conditions under § 143 (5) of the IFA are met in this merger agreement and therefore the useage of EPRA NAV is reasoned and consistent with the applicable law.

More Definitions of EPRA NAV

EPRA NAV means the net asset value stated in the Company’s consolidated financial statements according to the standards of the European Public Real Estate Association in effect on December 31 of the year in question.

EPRA NAV means the Net Asset Value adjusted in accordance with Best Practice Recommendations for EPRA NAV issued by the European Public Real Estate Association (EPRA) (August 2011 version only, unless otherwise agreed between the Issuer and the Investment Manager);

EPRA NAV means the latest net asset value (excluding transfer costs) provided by a company that follows the rules of the European Public Real Estate Association (EPRA).

EPRA NAV means the Net Asset Value adjusted in accordance with the Best Practice Recommendations for EPRA NAV published by the European Public Real Estate Association (August 2011 version only, unless otherwise agreed between the Company and the Investment Manager); EPRA NAV per Ordinary Share means, for any date on which it falls to be calculated, the EPRA NAV divided by the number of Ordinary Shares in issue on that date (excluding for these purposes any Ordinary Shares held in treasury); Europe means the member states of the European Union and the members of the European Free Trade Association (EFTA), being Iceland, Liechtenstein and Norway and Switzerland; FCA means the UK Financial Conduct Authority;

EPRA NAV means a measure of net asset value designed by EPRA to present fair value of a company on a long term basis, by excluding items such as interest rate derivatives that are held for long term benefit, net of deferred tax;

EPRA NAV means the net asset value calculated according to the guidelines of the European Public Real Estate Association (EPRA) applied mutatis mutandis for the IFRS consolidated financial statements of BUWOG AG as of 30 April 2014.