EPRA earnings and EPRA earnings per share
CHF million | 2019 | 2018 | ||
Earnings according to IFRS income statement | 234.8 | 161.0 | ||
Adjusted by: | ||||
Earnings from revaluation of investment real estate | –139.1 | –60.6 | ||
Earnings from sale of investment real estate | –1.8 | 0.0 | ||
Earnings from development real estate held for sale incl. impairment | –22.9 | –5.5 | ||
Pro-rata income tax on sales | 6.3 | 1.5 | ||
Negative goodwill / goodwill impairment | – | – | ||
Change in the market value of financial instruments | 7.0 | 9.4 | ||
Transaction costs for the purchase of shareholdings | – | – | ||
Deferred taxes on EPRA adjustments | 38.9 | 15.2 | ||
Effect on associated companies | – | – | ||
Minority interests on the above positions | – | – | ||
EPRA earnings | 123.2 | 121.0 | ||
Average number of outstanding shares | 15 889 169 | 15 887 988 | ||
EPRA earnings per share in CHF | 7.75 | 7.62 |