SA Reit publishes best practice recommendations for public comment

18th March 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Industry association South African Real Estate Investment Trust (SA Reit) has published a draft second edition of its best practice recommendations (BPR) for public comment.

The process of updating the recommendations, which is the accepted standard for reporting key metrics consistently to make the analysis and comparison of different South African real estate investment trusts easier, began in August 2018.

The draft second edition BPR was compiled with input from 95 individual submissions, including from stakeholders such as the JSE Committee, sector analysts, auditing firms, the association’s member companies and corporate advisers.

SA Reit first published its BPR in 2016 to make financial reporting of South African real estate investment trusts more transparent and improve their comparability.

This edition of the BPR introduces branded SA Reit supplemental financial performance measures, such as an SA Reit distribution per share.

The deadline for submissions is May 3.

JSE Committee chairperson Bram Goossens expects the BPR to be finalised within three months of the deadline for the submission of comments.

The BPR will be effective for financial year-ends starting on or after January 1, 2020.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION