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Best Practices Committee Print E-mail

The goals for the committee are to develop and publish best practices recommendations with regard to consistent and meaningful definitions of industry terms as well as to encourage additional disclosure of financial performance. All of APREA’s best practice recommendations in relation to financial reporting are intended to be fully consistent with IAS accounting guidelines. Ultimately, we are convinced that consistent and transparent disclosure will attract investors to an industry and sector where they clearly understand the opportunities and the risks. The committee has formed an Accounting and Financial Reporting Working Group.

The committee has produced the first edition of the APREA Best Practices Handbook. It covers guidelines on financial reporting, valuation, portfolio performance reporting, corporate governance, sustainability and market disclosure. A Best Practices Handbook sub-committee managed the development of the second edition in 2012.  The second edition is published in English, Japanese and Chinese.

The APREA Best Practices Recommendations have continued to gain momentum as the clear benchmark for the region.  The Committee is pleased to see that the Handbook is acting as a catalyst for increasing dialogue around what best practice means for the sector in Asia Pacific.

The committee also manages the annual APREA Best Practices Awards.

The Committee is now looking to tackle two areas of inconsistency with a view to providing an industry benchmark for the region.  The development of a standard underlying earnings metric and Management Expense Ratio calculation methodology is on the agenda.

 

Chairman: Chris Lawton - Ernst & Young
Todd James Rhodes Abu Dhabi Investment Authority
James Maydew AMP Capital
Peter Verwer APREA
Noel Neo APREA
Leong Kit May Axis REIT Managers Berhad
Jerome Chung BlackRock Proper Asia Limited
Kurt Wilkinson Brookfield Asset Management Inc
Carlo Antonio Century Properties Group Inc
David Faulkner Colliers International
Chew May Yenk Cushman & Wakefied
Adrian Tan Deloitte Touche Tohmatsu
Richard Ho Deloitte Touche Tohmatsu
KK Chiu DTZ
Luke Mackintosh Ernst & Young
Tim Hannon Freehold Investment Management
Rahul Bhattacharjee GIC Real Estate Pte Ltd
John White Heitman
Hariprakash Pandey HDIL Financial Services Pvt Ltd
Simon Clark KPMG Singapore
John Wallace LaSalle Investment Management
Alastair Walker Napier & Blakeley Pty Ltd
Natalie Breen Norton Rose (Asia) LLP
Harry de Kroon PGGM Investments
Yeow Chee Keong PricewaterhouseCoopers Services LLP
Magdelene Chua PricewaterhouseCoopers Services LLP
Thurai Thavasikkannu ProLogis Singapore Pte Ltd
Sourav Goswami Red Fort Capital Management Company Pvt Ltd
Pawanpreet Singh Religare Health Trust Trustee Manager Pte Ltd
Chris Wong Taubman Asia
Toshihide Miyagawa Tokyu Livable, Inc
Neal Gemassmer Yardi Systems

 

 
 
 
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