Insight

Real estate accounting and reporting: 2021 report

The impact of new standards and guidance

Gregory Williams

Gregory Williams

Partner, National Sector Leader, Tax, KPMG US

+1 214-840-2425

As a leader in real estate financial reporting, KPMG LLP (KPMG) creates the annual real estate accounting and reporting guide to assist real estate companies and funds with their financial accounting, regulatory, and compliance reporting requirements.

This year’s report provides insights and guidance on:

  • Equity method investments
  • Reference rate reform
  • Simplifications to accounting for income taxes
  • New guidance on accounting simplification for convertible instruments, hedge accounting, goodwill, and reminders/changes to the leasing standard
  • Proposed guidance including the simplification for private companies valuation of fair value of shared-based awards.

As the real estate industry continues to navigate Environmental, Social, and Governance (ESG) related matters, we focus this year on the key financial accounting and reporting implications related to climate change, along with the release of ESG Principles of Reporting for Private Real Estate by the NCREIF PREA Reporting Standards. We are proud that KPMG was represented in the committees supporting the creation of these Principles.

Contact us

National Sector Leader

Gregory Williams

Gregory Williams

Partner, National Sector Leader, Tax, KPMG US

+1 214-840-2425

ESG Services

Ruth Tang

Ruth Tang

Partner, Audit, KPMG US

+1 212-909-5083