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Definitions key figures

Financial information

Average interest on debt, %
Average interest expense based on interest maturity in respective currencies as a percentage of interest-bearing liabilities.

Cash earnings, MSEK
EBITDA plus financial income less financial expense less financial cost for right-of-use assets according to IFRS 16 less current tax, adjusted any unrealised translation effect on bank balances.

EBITDA, MSEK
Total gross profit less central administration (excluding depreciation).

EPRA NRV, MSEK
Recognised equity, attributable to the Parent Company’s shareholders, including reversal of derivatives, deferred tax asset derivatives, deferred tax liabilities related to properties, and revaluation of Operating Properties.

EPRA NTA, MSEK
Recognised equity, attributable to the Parent Company’s shareholders, including reversal of derivatives, deferred tax asset derivatives, deferred tax liabilities related to properties, and revaluation of Operating Properties.

EPRA NDV, MSEK
Recognised equity, attributable to the Parent Company’s shareholders, including revaluation Operating Properties.

Growth for comparable units adjusted for currency effects
Growth measure that excludes effects of acquisitions, divestments and reclassifications, as well as exchange rate changes.

Growth in EPRA NRV (net asset value growth), annual rate, %
Accumulated percentage change in EPRA NRV, with dividends added back and issue proceeds deducted, for the immediately preceding 12-month period.

Gross profit, Operator Activities, MSEK
Revenue less directly related costs for Operator Activities including depreciation of Operator Activities.

Gross profit, Property Management, MSEK
Revenue less directly related costs for Property Management.

Interest-bearing net debt, MSEK
Current and non-current interest-bearing liabilities plus arrangement fee for loans less cash and cash equivalents and short-term investments that are equivalent to cash and cash equivalents. Long-term and short-term lease liabilities according to IFRS 16 are not included.

Interest cover ratio, multiple
EBITDA less financial expense for right-of-use assets divided by net interest expense, which consists of interest expense less interest income.

Investments, excl. acquisitions, MSEK
Investments in non-current assets excluding acquisitions.

Loan-to-value ratio net, %
Interest-bearing liabilities, including arrangement fee for loans, less cash and cash equivalents as a percentage of the properties’ market value at the end of the period.

Net operating income Operator Activities, MSEK
Gross profit for Operator Activities plus depreciation included in costs for Operator Activities.

Net operating income, Property Management, MSEK
Net operating income corresponds to gross profit for Property Management.

Net operating margin, Operator Activities, %
Net operating income for Operator Activities as a percentage of total revenue from Operator Activities.

Property information

Market value properties, MSEK
Market value of Investment Properties plus market value of Operating Properties.

RevPAR for Operating Properties (comparable units at constant exchange rates), SEK
Revenue per available room, i.e. total revenue from sold rooms divided by the number of available rooms. Comparable units are defined as hotel properties that have been owned and operated during the entire current period and the comparative period. Constant exchange rate is defined as the exchange rate for the current period, and the comparative period is recalculated based on that rate.

WAULT (Investment Properties)
Average lease term remaining to expiry, across the property portfolio, weighted by contracted rental income.