Lewis: European REITs are undertaking IFRS adoption

04/14/2011 | REIT.com

REITs in Europe have taken a patchwork approach to adopting the International Financial Reporting Standards, depending on which country they're in, says Gareth Lewis, director of finance for the European Public Real Estate Association. Member states have had different timetables for adoption, with the U.K., France and the Netherlands the furthest along. Still, "I think it's fair to say that in the last 10 years the European sector has really made a huge and successful effort in adopting IFRS reporting in a consistent and comparable way," Lewis said.

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