FINANCIAL DEFINITIONS

Adjusted equity/assets ratio, % 
Recognised equity including shareholder loans and convertibles, with the adding back of recognised deferred tax liabilities as a percentage of the balance sheet total.  The ratio is used to highlight SBB’s financial stability. 

Average contract term for community properties, years
Outstanding contractual value in relation to annual rents for community properties. The purpose of the figure is to highlight SBB’s rental risk.

Average fixed-interest term, year
Average outstanding time to maturity, to the time of interest adjustment for interest-bearing liabilities.  The figure is used to highlight SBB’s financial risk.

Average interest, %
Weighted average contractual interest for interest-bearing liabilities at the close of the period, excluding unutilised credit facilities.  The figure is used to highlight SBB’s financial risk.

Average number of ordinary shares
Number of outstanding Ordinary Shares weighted over the period.

Average number of Preference Shares
Number of outstanding Preference Shares weighted over the period.

Capital tie-up, years
Outstanding term to final maturity for interest-bearing liabilities.  The figure is used to highlight SBB’s financial risk.

Cash flow from operating activities, SEK
Cash flow from operating activities after the change in working capital according to the cash flow analysis.

Current net asset value (EPRA NNNAV), SEK
Recognised equity, excluding non-controlling interests, adjusted by the estimated fair value of deferred tax.  The figure provides an adjusted and complementary measure of the size of equity calculated in a way that is consistent for listed real estate companies.

Earnings per share, SEK
Profit/loss for the period in relation to the average number of ordinary shares for the period after profit distribution to holders of Preference Shares.

Economic occupancy rate, %
Rental revenues in relation to rental value.  The purpose of the figure is to facilitate judging rental revenues in relation to the total value of potential rentable space.

EPRA
The European Public Real Estate Association is an interest group for listed real estate companies and investors in Europe which, for instance, sets standards for financial reporting.

EPRA Earnings, kr
Profit/loss from property management less estimated current tax attributable to profit/loss from property management. Taxable profit/loss from property management refers to the profit/loss from property management less e.g. tax-deductible depreciation and conversion.  The figure provides information about the profit/loss from property management calculated in a way that is consistent for listed real estate companies.

EPRA Earnings, SEK
Profit/loss from property management less estimated current tax attributable to profit/loss from property management. Taxable profit/loss from property management refers to the profit/loss from property management less e.g. tax-deductible depreciation and conversion. The figure provides information about the profit/loss from property management calculated in a way that is consistent for listed real estate companies.

 

 

EPRA Vacancy rate , %
The rental value of vacant contracts divided by the rental value of the entire holding. The figure is calculated in accordance with the EPRA definition, enabling comparison with other companies.

Equity/assets ratio, %
Recognised equity as a percentage of the balance sheet total.  The ratio is used to highlight SBB’s financial stability.

Loan-to-value ratio, %
Interest-bearing liabilities as a percentage of the sum of the fair value of the properties at the close of the period. The ratio is used to highlight SBB’s financial risk.

Long-term net asset value (EPRA NAV), SEK
Recognised equity, excluding non-controlling interests, with the adding back of recognised deferred tax liabilities.  The figure provides an adjusted and complementary measure of the size of equity calculated in a way that is consistent for listed real estate companies.

Market value properties, SEK
Fair value of the properties at the close of the period.

Net operating income/expense, SEK
Refers to rental revenues minus property expenses.

Number of outstanding Ordinary Shares
The number of Ordinary Shares that are outstanding at the close of the period.

Number of outstanding Preference Shares
The number of Preference Shares that are outstanding at the close of the period.

Number of properties
Number of properties at the close of the period.

Number of square metres
Total area of the real estate holding at the close of the period.

Rental income, SEK
Rents charged for the period less rental losses and discounts on rents.

Rental value, SEK
Refers to contractual rents with the addition of vacant space.

Return on equity, %
Profit/loss for the period as a percentage of average equity for the period. The figure shows SBB’s yield on equity during the period.

Surplus ratio, %
Net operating income/expense as a percentage of rental income for the period.  The ratio shows how much of rental income remains after direct property expenses.

Yield, %
Net operating income/expense in relation to the sum of the fair value of the properties at the close of the period. The figure is used to highlight the return level for net operating income/expense in relation to the property value.