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Landlords found much that was familiar in IFRS 16 Leases. But some things have changed. Our Real estate leases – The landlord perspective (PDF 1.4 B) publication covers key areas of IFRS 16 that are particularly relevant to landlords in real estate leases.   

The landlord perspective

IFRS 16 preserves the basic landlord accounting model but introduces some key changes.

  • The new guidance on separating lease and maintenance income is clear and prescriptive – and impacts key reporting metrics for common real estate leases.
  • More complex arrangements such as sale-and-leaseback transactions and sub-leases face more radical accounting changes.  

And the impact of the COVID-19 coronavirus pandemic has meant that landlords have been dealing with unprecedented levels of defaults, rent concessions and other lease modifications. 

Find out more

Our Real estate leases – The landlord perspective (PDF 1.4 MB) publication covers key areas of IFRS 16 that are particularly relevant to landlords in real estate leases. Each section is illustrated with examples based on real-life terms and conditions.

A companion publication looking at real estate leases from the tenant’s perspective is also available.

Visit our Leases hot topic page for more insight on lease accounting under IFRS® Standards.

For further information on the financial reporting implications of the COVID-19 pandemic, see our COVID-19 financial reporting resource centre.

You can also follow 'KPMG IFRS' on LinkedIn and check out IFRS Today for the latest content and topical discussion on IFRS Standards.