EPRA operating expense ratio
CHF million | 2018 | 2017 | |||
Operating expenses of investment real estate according to IFRS income statement: | |||||
Direct expenses for rented investment real estate | 22.6 | 24.6 | |||
Personnel expenses | 7.3 | 4.5 | |||
Other operating expenses | 3.3 | 7.5 | |||
EPRA operating expenses (incl. vacancy costs) | 33.2 | 36.7 | |||
Direct vacancy costs | 0.6 | 0.5 | |||
EPRA operating expenses (excl. vacancy costs) | 32.6 | 36.2 | |||
Gross rental income less ground rent | 194.8 | 179.2 | |||
EPRA rental income | 194.8 | 179.2 | |||
EPRA operating expenses (incl. direct vacancy costs) | 17.0% | 20.5% | |||
EPRA operating expenses (excl. direct vacancy costs) | 16.7% | 20.2% |