Key ratios

Yield

Net operating income for a rolling twelve-month period as a percentage of the average market value of the properties. The key ratio shows the return from the operating activities in relation to the properties’ market value.

Economic occupancy rate

Rental income in percentage of rental value.

Surplus ratio

Net operating income for the period as a percentage of rental income for the period. The key ratio is a measurement of effectivity comparable over time.

Profit from property management

Net profit before tax and changes in value and tax in both group and associated companies as well as joint ventures.

Return on equity

Profit after tax for a rolling twelve-month period, in percent of average equity. 

Return on equity, before tax

Profit before tax for a rolling twelve-month period, in percent of average equity.

Return on equity, common share

Profit after tax for a rolling twelve-month period, reduced by the preference shares’ preferential right to dividend (paid during the period), and share in profits for non-controlling interest, in percent of average equity after settlement of preference capital and non-controlling interest.

Return on equity from the profit from property management

Profit from property management for a rolling twelve-month period, in percent of average equity. 

Loan-to-value ratio

Net debt in percent of the properties’ recorded value and investments in associated companies and joint ventures.

Interest coverage ratio

Profit from property management, excluding profit from property management in associated companies and joint ventures but including dividends from associated companies and joint ventures, after adding back financial expenses in relation to financial expenses.

Net debt to EBITDA ratio

Net debt on the balance sheet date relative to twelve months’ forward-looking net operating income less central administration expenses plus dividends received from associated companies and joint ventures rolling twelve months.

Debt/equity ratio

Net debt in relation to equity on the balance sheet date.

Debt/equity ratio

Net debt in relation to equity on the balance sheet date.

Equity, SEK/common share

Equity relating to the parent company’s shareholders after settlement of preference capital in relation to the number of common shares at the end of the period.

Equity, SEK/preference share

Equity per preference share corresponds to the share’s redemption price upon liquidation plus accrued dividend.

Profit from property management, SEK/common share

Net profit before tax and changes in value reduced by the preference shares’ preferential right to dividend, paid during the period, in relation to the weighted average number of common shares. 

Average interest rate

Weighted interest on interest-bearing liabilities (excluding liabilities rights of use) taking into account interest rate derivatives on the balance sheet date.

Long-term net asset value, SEK/common share

Recorded equity, after taking into account the preference capital and non-controlling interest, with add-back of derivatives and deferred tax, in relation to the number of common shares at the end of the period. The key ratio shows the net assets’ fair value from a long-term perspective. Assets and liabilities not assessed as falling due, such as fair value on derivatives and deferred taxes, are thus excluded.

Profit after tax, SEK/common share

Net profit after tax relating to the mother company’s shareholders, reduced by the holders of preference shares’ preferential right to dividend for the period, paid during the period, in relation to the weighted average number of common shares.