In November 2016, the Reporting & Accounting Committee of EPRA (European Public Real Estate Association) updated a Best Practices Recommendations document in order to improve the presentation, transparency, comparability and relevance of the published results of listed real estate companies in Europe.
Lar España fully supports and endorses the principle of standardising the reporting of performance indicators from the perspective of comparability and improving the quality of information provided to investors and other users of the annual report.
For this purpose, Key EPRA performance indicators are reported in a separate chapter at the end of our financial reporting.
In September 2015, Lar España received the ‘GOLD AWARD’ from EPRA in recognition of the quality of the information provided, it became the first Spanish SOCIMI to receive this award.
In September 2016, Lar España has been awarded with the most prestigious recognition from EPRA, the GOLD AWARD. Once again our effort in providing quality information within the Index standards framework has been recognized.
In September 2017, Lar España has been awarded for the third year running the Gold Award from the European Public Real Estate Association (EPRA) in recognition of the quality of the financial information provided by the company. Lar España has also been awarded for the first time with the EPRA Award for Sustainability (Silver) for the improvement carried out related to the information about Corporate Social Responsability. Also in this area, the company has been awarded with the EPRA Most Improved Award of Sustainability.
Lar España therefore became the first Spanish SOCIMI to receive this award, three years in a row, the most prestigious in the real estate sector.
The companies awarded were selected from among 117 real estate companies (97 of which are European listed companies on the FTSE EPRA/NAREIT index).