EPRA indicators

You can find here the main EPRA indicators

20202021202220232024H1 2025
ADJUSTED EPRA Earnings (M€)385410430435477263
ADJUSTED EPRA Earnings €/share4.24.44.64.54.52.4
EPRA Earnings (M€)373 395 415430467254
EPRA Earnings €/share4.14.24.44.44.42.3
EPRA NRV (M€)10 452 11 091 11 0409 3279 7059 829
EPRA NRV €/share110.3116.911792.687.188.2
EPRA NTA (M€)9 48210 10010 0448 4708 8968 962
EPRA NTA €/share100.1106.4106.484.179.880.4
EPRA NDV (M€)8 4649 27910 1728 4018 6868 695
EPRA NDV €/share89.397.8107.883.478.078.0
EPRA Net Initial Yield3.6 %3.4 %3.6 %4.2 %4.6 %4.6 %
EPRA Topped-Up Net Initial Yield3.9 %3.7 %3.8 %4.4 %4.8 %4.8 %
EPRA Vacancy Rate
5.0 %5.7 %4.3 %4.8 %3.7 %3.4 %
EPRA Costs ratio (including vacancy costs)23.3 %20.6 %20.0 %20.3 %17.6 %16.5 %
EPRA Costs ratio (excluding vacancy costs)
21.2 %17.8 %17.0 %17.3 %15.5 %14.8 %
EPRA LTV42.6%44.6%43.5%44.6 %