# Reporting Characteristics

The **Reporting Characteristics** aspect defines the scope for the current reporting year and determines the structure of the assessment submission.

***

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## <mark style="color:$success;">RRC1: Reporting Currency</mark>

**What currency are the values being reported in?**

<div align="left"><figure><img src="/files/QMHxh39mPe9iIQGxQwF3" alt="" width="345"><figcaption></figcaption></figure></div>

#### Assessment Instructions

<details>

<summary><strong>Intent</strong>: What is the purpose of this indicator?</summary>

Set the currency for which the entity’s real estate portfolio of assets is denominated.

</details>

<details>

<summary><strong>Input</strong>: How do I complete this indicator?</summary>

State the currency used by the entity for Assessment indicators that require a monetary value as a response.

**Other:** State the other currency form.

### Currency

| <ul><li>Australian Dollar (AUD)</li><li>Brazilian Real (BRL)</li><li>Canadian Dollar (CAD)</li><li>Chilean Peso (CLP)</li><li>Chinese Yuan (CNY)</li><li>Columbian Peso (COP)</li><li>Danish Krone (DKK)</li><li>Euro (EUR)</li><li>Hong Kong Dollar (HKD)</li><li>Indian Rupee (INR)</li><li>Japanese Yen (JPY)</li><li>Malaysian Ringgit (MYR)</li></ul> | <ul><li>Mexican Peso (MXN)</li><li>New Zealand Dollar (NZD)</li><li>Norwegian Krone (NOK)</li><li>Philippine Peso (PHP)</li><li>Pound Sterling (GBP)</li><li>Singapore Dollar (SGD)</li><li>South African Rand (ZAR)</li><li>South Korean Won (KRW)</li><li>Swedish Krona (SEK)</li><li>Swiss Franc (CHF)</li><li>United States Dollar (USD)</li><li>Other: \_\_\_\_\_\_\_\_\_\_\_\_</li></ul> |
| ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |

</details>

<details>

<summary><strong>Validation</strong>: What evidence is required?</summary>

No evidence required.

</details>

#### Scoring

This indicator is not scored.

***

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## <mark style="color:$success;">RRC2: Economic Size</mark>

**What was the gross asset value (GAV) of the portfolio at the end of the reporting year in millions?**

**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**

#### Assessment Instructions

<details>

<summary><strong>Intent</strong>: What is the purpose of this indicator?</summary>

Gross Asset Value (“GAV”) is a metric used in GRESB data analysis to identify the size of the portfolio.

</details>

<details>

<summary><strong>Input</strong>: How do I complete this indicator?</summary>

Complete the GAV field **in millions** (e.g., a GAV of $75,000,000 must be reported as 75).

Do not include a currency, as this has been reported in indicator RC1 above, but make sure the currency applied for GAV reporting is consistent with indicator RC1.

The value provided should be the GAV of the real estate portfolio at the end of the reporting year, and should include development projects (if any) and need to reflect the percentage of financial ownership the entity has for each asset when calculating the economic size. Do not include the GAV of assets sold before the end of year.

As an alternative to GAV, you may report using the market value, the fair value or Net Asset Value (NAV) of the portfolio, at the end of the reporting year.

### Terminology

**GAV**

> Gross Asset Value

</details>

<details>

<summary><strong>Validation</strong>: What evidence is required?</summary>

No evidence required.

</details>

#### Scoring

This indicator is not scored.

***

{% endstep %}

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{% step %}

## <mark style="color:$success;">RRC4: Property Type & Geography</mark>

**What is the portfolio's predominant location and property type?**

<div align="left"><figure><img src="/files/DJiPPb3uYaAtfDU9AHzi" alt="" width="375"><figcaption></figcaption></figure></div>

#### Assessment Instructions

<details>

<summary><strong>Intent</strong>: What is the purpose of this indicator?</summary>

Provide information on the entity's portfolio location and property type composition. This indicator is used for reporting purposes only.

</details>

<details>

<summary><strong>Input</strong>: How do I complete this indicator?</summary>

Select the predominant location in which the entity’s investments are located and the predominant property type of the portfolio using the fraction of total GAV or net operating income (NOI).&#x20;

* An entity’s primary property type is based on the most specific category that accounts for at least 75% of its Gross Asset Value (GAV).
* An entity's primary location is based on the most specific category that accounts for at least 60% of its GAV.

For more details, click the button below.

<a href="/pages/qKV8WBqSX6BPNcFJmzdA" class="button primary" data-icon="sitemap">Portfolio Classification</a>

</details>

<details>

<summary><strong>Validation</strong>: What evidence is required?</summary>

No evidence required.

</details>

#### Scoring

This indicator is not scored.

***

{% endstep %}

{% step %}

## <mark style="color:$success;">RRC5: Nature of Entity's Business</mark>

**The entity's core business is:**

<figure><img src="/files/L2yNFipJd1DXFpW8iTAS" alt=""><figcaption></figcaption></figure>

#### Assessment Instructions

<details>

<summary><strong>Intent</strong>: What is the purpose of this indicator?</summary>

Identify the entity’s primary business activities during the reporting year. It is only used for reporting purposes.

If the entity chooses to complete the GRESB Real Estate Assessment, it should complete the Component(s) most associated with its business activities. See [here](/completingassessments/prepare/basics/reporting_scope.md) for more information about the Real Estate Assessment Components and scope.

</details>

<details>

<summary><strong>Input</strong>: How do I complete this indicator?</summary>

Select the option applicable to the reporting entity.&#x20;

#### Terminology

**Major Renovations**

> Alterations that affect more than 50 percent of the total building floor area or cause relocation of more than 50 percent of regular building occupants. Major renovation projects refer to buildings that were under construction at any time during the reporting year.

**New Construction**

> Includes all activities to obtain or change building or land use permissions and financing. Includes construction work for the project with the intention of enhancing the property’s value. Development of new buildings and additions to existing buildings that affect usable space can be treated as new constructions. New construction projects refer to buildings that were under construction at any time during the reporting year.

**Standing Investments**

> Real estate properties where construction work has been completed and which are owned for the purpose of leasing and producing rental income. The level of occupancy is not relevant for this definition. Also known as operating buildings.

</details>

<details>

<summary><strong>Validation</strong>: What evidence is required?</summary>

No evidence required.

</details>

#### Scoring

This indicator is not scored.
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