EPRA operating expense ratio
CHF million | 1st half-year 2020 | 1st half-year 20191 | |||
Operating expenses of investment real estate according to FER income statement: | |||||
Direct expenses for rented investment real estate | 13.2 | 11.4 | |||
Personnel expenses | 4.8 | 0.6 | |||
Other operating expenses | 1.0 | 4.8 | |||
EPRA operating expenses (incl. vacancy costs) | 19.0 | 16.8 | |||
Direct vacancy costs | 1.0 | 0.5 | |||
EPRA operating expenses (excl. vacancy costs) | 18.0 | 16.3 | |||
Gross rental income less ground rent | 100.1 | 101.9 | |||
EPRA rental income | 100.1 | 101.9 | |||
EPRA operating expense ratio (incl. direct vacancy costs) | 19.0% | 16.5% | |||
EPRA operating expense ratio (excl. direct vacancy costs) | 18.0% | 16.0% |
1 Previous year’s figures restated, see section 2 of the selected notes