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INREV SDDS consultation open for member feedback

Provide your views on the revised SDDS, the new ESG SDDS and the updated Debt and FoF/MM DDQs.

It’s only been a few months since the industry started using the revised INREV Guidelines but we cannot rest on our laurels, it’s now time to reflect this new content into the Standardised Data Delivery Sheet (SDDS), to create a new reporting template for ESG data, and to update the Debt and Fund of Funds / Multi Manager DDQs.

During a seven-week consultation period, ending on 4 July, members will have the opportunity to learn about the proposed revisions and provide feedback. On this page we explain what the SDDS is, why we are proposing these changes and explain how you can provide your feedback. 

What is the SDDS?

The SDDS is a template designed to standardise the main quantitative components of reporting data to investors, while providing more consistency and comparability.

Since its first release in 2012, the SDDS has become increasingly important to the non-listed real estate industry. Investors value receiving consistent reporting information in a standardised format, while managers use the SDDS to streamline their reporting process, both benefitting from a clearer, transparent and standardised way of operating.

Why are we updating the SDDS?

Like the INREV Guidelines, it’s important that the SDDS is updated to stay in line with latest industry developments, changing investor needs and that they remain practical and useful in today’s market.

The revised SDDS and the new ESG SDDS released for consultation have been developed by several INREV groups of industry experts.

INREV SDDS update

This update not only reflects the new content of the INREV Guidelines but also aligns the SDDS with global terms and definitions and includes a new asset level data section.

This consultation seeks feedback on the following input sheets:

I. Key Vehicle Terms
II. Vehicle Level Data
III. Investor Level Data
IV. Asset Level Data - NEW
V. Portfolio Allocation

Download the INREV SDDS consultation template and an accompanying note below.

Related downloads

INREV ESG SDDS

The ESG SDDS is a new ESG reporting template that aims to help members report their ESG performance and standardise how ESG KPIs are reported for real estate investment vehicles, with the potential to automate information exchange.
 

  • It covers the required and recommended ESG KPIs of the INREV Guidelines 
  • It contains vehicle and asset level data fields
  • It references some of the regulatory requirements, such as SFDR 
  • It can be linked to external data sources, such as GRESB


Given the wide variety of investment vehicles out there we understand that investor requirements may vary in terms of the level of detail required and the reporting timelines. We also understand that the ESG data may not be collected and consolidated at the same time as the financial data. 

As such the release of the ESG SDDS may not be synchronised with the annual financial report and needs to be released as part of a separate ESG reporting package. 

Download the INREV ESG SDDS consultation template and an accompanying note below.

Related downloads

Debt and FoF / MM DDQ updates

Along with the proposed SDDS revisions, INREV has updated the Debt and FoF /MM DDQs to ensure alignment with the 2023 DDQ.

Download the consultation versions below.

Related downloads

Provide your feedback

During a seven-week consultation period, ending on 4 July, members have the opportunity to learn about the proposed revisions and to provide feedback. You can participate in the dialogue and provide your company views in one of the following ways

Members are requested to provide feedback at a company level, we encourage you to identify an individual or a group of individuals who best represent the view of your company and have the right expertise and skills to comment on the various revisions.

We want to make sure the changes are practical and easy to implement. Once reviewed, adjusted and approved the revised SDDS and the new ESG SDDS will be made available in Q4 2023.