The Financial Reporting of Listed Real Estate Companies in Europe – 2017 Edition
In 2016, real estate investment in Europe fell by 9% by comparison with 2015 to €230 billion, but the listed real estate companies in our sample nevertheless achieved excellent financial performances.
For the 7th edition of this study, we have analysed the financial reporting of a sample of listed European real estate companies in this dynamic environment.
An excellent financial performance by listed real estate companies in 2016
With recurrent income up by 9%, real estate companies have taken full advantage of the restructuring of their liabilities in recent years and the stabilisation of the rental market. Further, given the downward pressure on the capitalisation rate, asset values have appreciated by 5%. However, against an uncertain political and economic background, this positive development has not been reflected in stock market prices.
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Whether you are a developer, owner, manager, or investor, you are in an industry that is highly volatile and subject to numerous pressures. Your competitive advantage lies in your ability to forecast new trends in development in order to better plan for and respond to the dynamics in the industry.
Real Estate study 2016
2015 remains a very good year in terms of financial performance for listed real estate companies in Europe, which have benefited amply from the low rate context to reduce the cost of their borrowings.
Alternative Valuation Methods For Construction Ind
Whether it’s a local company or a major global entity, the valuation of a construction business is often estimated on the basis of multiples of earnings, and therefore essentially founded on a short-term outlook. However, businesses strategies with a long-term vision, such as innovation, energy, concessions and acquisitions are not taken fully into account in valuations. If valuers took a long-term view, through using other valuation methods that make it easier to understand these strategies, would this have an influence on how these firms are valued?