The SA REIT Best Practice Recommendations (BPR) for financial reporting was first published by the SA REIT Association in 2016 to make financial reporting of South African REITs more transparent and improve comparability.
The SA REIT BPR is an evolving document that is meant to reflect the latest accounting, regulatory and reporting issues. The review of this guide, which is the accepted standard for sector’s consistent reporting of key metrics, began in August 2018 and was undertaken in a broad consultative process.
The SA REIT published the Second Edition of its Best Practice Recommendations on 13 November 2019.
The new BPR will replace the first edition and will be effective for financial year-ends commencing on or after 1 January 2020, with early adoption strongly encouraged.
To request a copy of the latest edition of the SA REIT BPR and its associated Excel templates please email firstname.lastname@example.org