Generally, when a function and its related services is frequently outsourced to third parties and the vehicle designates the investment manager to perform this function internally, ...
If considered meaningful, a TGER tax may be also calculated and disclosed by the investment manager to reflect the cost associated with tax structures and taxable income. The ...
TGER represents a natural progression from the previously reported INREV TER and includes several additional fees. A mapping of TER to TGER is summarised below, including its ...
TGER was designed to consider all relevant elements of a non-listed real estate vehicle load – including both fees and costs. Care should be taken to ensure an “apples ...
In March 2020 the Fee and Expense Metrics module was updated with the Total Global Expense Ratio (TGER). For the current Fee and Expense Metrics module with TGER, pl ...
In March 2020 the Fee and Expense Metrics module was updated with the Total Global Expense Ratio (TGER). For the current Fee and Expense Metrics module with TGER, pl ...
Certain services under the Asset Management fee are not included in the TGER as they are directly attributable to the building and thus still part of the REER. These may include ma ...
The INREV GAV calculated for the INREV expense ratio purposes should be presented net of future lease payments of land use rights, similarly to what has been done prior to IFRS 16 ...
IFRS 16 requires reclassifying liabilities resulting from future lease payments of land use rights from the property value to financial liabilities. Does this change trigger a chan ...
IFRS 16 requires accounting for lease payments as interest expenses and repayment of lease obligation. Shall we include these lease payments as part of the numerator of the INREV R ...