Gross rent, including supplements, at the end of the year, calculated on an annual basis. Vacant premises are reported at the market rent.
Average interest on interest-bearing liabilities
Interest expense in relation to the average interest-bearing liabilities.
The area between Norrmalmstorg, Birger Jarlsgatan, Stureplan and Norrlandsgatan and which contains stores with high-class brands.
Total assets less non-interest-bearing liabilities and deferred tax liabilities.
Cash flow from current operations per share
Cash flow from current operations in relation to the average number of outstanding shares during the year.
Cash flow for the year per share
Cash flow for the year in relation to the average number of outstanding shares during the year.
Central Business District. The most central part of a city for office and retailing properties.
The costs for the executive management and Group staff functions as well as the cost of maintaining the Company’s stock exchange listing and other Company costs.
Properties disposed of during the year are excluded. Properties acquired during the year are included and the previous year is adjusted for the equivalent period.
Net liabilities in relation to equity at the year-end.
The total dividend is calculated on the total number of outstanding shares as of the date on which the annual accounts are published. The amount could change depending on any buy-back of Company shares during the period up to the record date.
Dividend in relation to net profit from current operations.
European Public Real Estate Association. A sector organization for publicly listed property companies in Europe.
Result from property management after nominal tax. The operating profit before items affecting comparability and changes in value with a deduction for financial income and expenses and computed actual tax, excluding a carry- forward of unutilized tax losses. The tax deducted has been calculated with account taken of, among other things, tax-deductible depreciation and investments.
EPRA Earnings in relation to the average number of outstanding shares during the year.
Non-current net asset value. Shareholders’ equity with a reversal of interest derivatives and deferred tax on investment properties.
Current net asset value. Shareholders' equity following adjustment for actual deferred tax instead of nominal deferred tax on investment properties.
EPRA Vacancy rate
Estimated Market Rental Value (ERV) of vacant space divided by the ERV of the whole portfolio. Current development projects are excluded.
Equity per share
Equity in relation to the number of outstanding shares at the year-end.
Equity at the year-end in relation to total assets.
The estimated market value of the properties.
Fair value, properties
The amount the properties could be assigned for on condition that the transaction took place between parties that are independent of each other and which have an interest in the transaction being implemented. In accounting terms, this is known as fair value.
Floor space vacancy level
Vacant premises in square meters in relation to the total rentable floor space.
The area around Fredsgatan, between Brunnsparken and Trädgårdsföreningen, with the vison of offering a unique range of stores, cultural attractions and restaurants.
Shares available for trading, excluding shares held by a shareholder with a controlling interest.
The contracted rent, including the estimated market rent for vacant premises.
Interest coverage ratio
Profit after financial items, excluding unrealized changes in value, plus interest expense, in relation to interest expense.
MTN programme Medium Term Note
Medium Term Note is a bond programme with a term of 1-15 years.
Interest-bearing liabilities minus current investments and cash and bank holdings.
Net loan-to-value ratio, properties
Net liability in relation to the carrying value of the properties.
Net operating income
Net property management revenue less the cost of special projects, maintenance, operation and administration, ground rent and property tax.
Net profit from current operations
Profit before tax, excluding changes in value and items affecting comparability, charged with 22 per cent standard tax.
Leases signed during the year with a new tenant other than the tenant that leased the property previously or for premises that were previously vacant.
The total number of issued shares reduced by the shares bought back by the Company.
The share price at the year-end in relation to profit per share for the year.
Profit per share
Proﬁt for the year after tax in relation to the average number of outstanding shares during the year.
Property tax supplement
Reimbursement of property tax from tenants.
New or extended leases with existing tenants whose earlier leases have com to an end.
Rentable floor space
Total floor space available for renting.
Loss of revenue as a result of vacant premises.
Rental vacancy level
Vacant floor space at an estimated market rent in relation to the total annual rent.
Result from property management
Operating profit before items affecting comparability and changes in value minus financial income and expense.
Return on capital employed
Profit before tax plus interest expense in relation to the average capital employed.
Return on equity
Profit for the year after tax in relation to the average equity.
The gross profit in relation to net revenue.
The Group’s total tax comprises actual tax and deferred tax.
Turnover-based rent supplement
Rent in addition to the guaranteed minimum rent, based on the store’s net turnover.
Dividend per share in relation to the share price at the year-end.
Net operating profit in relation to the fair value of the properties.