EPRA operating expense ratio

CHF million

   

2016

  

2015
      

Operating expenses of investment real estate according to IFRS income statement:

      

Direct expenses for rented investment real estate

   

24.5

  

31.8

Personnel expenses

   

4.3

  

5.4

Other operating expenses

   

6.8

  

6.9

EPRA operating expenses (including vacancy costs)

   

35.6

  

44.1

Direct vacancy costs

   

–1.0

  

–1.0

EPRA operating expenses (excluding vacancy costs)

   

34.6

  

43.1

Gross rental income less ground rent

   

173.3

  

174.9

EPRA rental income

   

173.3

  

174.9

EPRA operating expenses (including direct vacancy costs)

   

20.5%

  

25.2%

EPRA operating expenses (excluding direct vacancy costs)

   

20.0%

  

24.6%