EPRA operating expense ratio
CHF million |
| 1st half-year 2016 |
| 1st half-year 2015 |
|
|
|
|
|
Operating expenses of investment real estate according to IFRS income statement: |
|
|
|
|
Direct expenses for rented investment real estate |
| 11.5 |
| 15.9 |
Personnel expenses |
| 2.3 |
| 2.0 |
Other operating expenses |
| 3.8 |
| 3.5 |
EPRA operating expenses (including vacancy costs) |
| 17.6 |
| 21.4 |
| ||||
Direct vacancy costs |
| 1.3 |
| 1.4 |
EPRA operating expenses (excluding vacancy costs) |
| 16.3 |
| 20.0 |
| ||||
Gross rental income less ground rent |
| 86.5 |
| 88.5 |
EPRA rental income |
| 86.5 |
| 88.5 |
| ||||
EPRA operating expenses (including direct vacancy costs) |
| 20.3% |
| 24.2% |
| ||||
EPRA operating expenses (excluding direct vacancy costs) |
| 18.8% |
| 22.6% |