EPRA earnings and EPRA earnings per share

The consolidated half-year financial statements 2020 were prepared in accordance with Swiss GAAP FER for the first time. The previous year’s figures have been restated accordingly, see section 2 of the selected notes.

CHF million

   

1st half-year 2020

  

1st half-year 20191

Earnings according to FER income statement

   

86.4

  

89.2

Adjusted by:

      

Earnings from revaluation of investment real estate

   

–27.7

  

–30.2

Earnings from sale of investment real estate

   

0.0

  

0.0

Earnings from development real estate held for sale including impairment

   

–1.6

  

–3.4

Pro-rata income tax on sales

   

0.4

  

0.9

Negative goodwill / goodwill impairment

   

–

  

–

Change in the market value of financial instruments

   

0.0

  

0.0

Transaction costs for the purchase of shareholdings

   

–

  

–

Deferred taxes on EPRA adjustments

   

4.3

  

8.4

Effect on associated companies

   

–

  

–

Minority interests on the above positions

   

–

  

–

EPRA earnings

   

61.8

  

65.0

Average number of outstanding shares

   

15 898 289

 

15 887 988

EPRA earnings per share in CHF

  

3.89

  

4.09

1 Previous year’s figures restated, see section 2 of the selected notes