| Adjusted debt ratio, times (net debt/EBITDA) | Interest-bearing liabilities less cash and cash equivalents and carrying amount for ongoing projects divided by net operating income adjusted for central administration. | The ratio is used to illustrate earnings in relation to indebtedness. |
| Adjusted profit from property management per Class A and Class B share, SEK (EPRA EPS) | Profit/loss from property management less the profit/loss for the period/year attributable to Class D shares, current tax and minority interest in profit from property management, in relation to the average number of Class A and Class B shares outstanding during the year. | The performance indicator is used to illustrate the company’s profit from property management per Class A and Class B share calculated in a way that is consistent for property management companies. |
| Average contract period, years | The average contract period for public-sector tenants weighted based on contractual annual rental value. | |
| Average interest rate at the end of the period/year, % | Average interest rate on interest-bearing liabilities excluding, where applicable, lease liabilities, including costs of committed lines of credit and including interest coupon derivatives. | The performance indicator is used to highlight the interest rate risk of the company’s interest-bearing liabilities. |
| Capital commitment, years | Average remaining maturity at the end of the period/year of interest-bearing liabilities. | The performance indicator is used to highlight risk associated with refinancing. A long maturity indicates lower refinancing risk. |
| Contractual annual rental value, SEKm | Contractual rental income on an annual basis less rent discounts and vacancies. | |
| Debt ratio, times (net debt/EBITDA) | Interest-bearing liabilities less cash and cash equivalents divided by net operating income adjusted for central administration. | The ratio is used to illustrate earnings in relation to indebtedness. |
| Economic occupancy rate, % | Contractual annual rental value at the end of the period/year in relation to the sum of contractual income, estimated market rent for unlet space and, where applicable, discounts on an annual basis. | The performance indicator illustrates the economic utilisation rate of the Company’s lettable area. |
| EPRA EPS – adjusted profit from property management per Class A and Class B share, SEK | Profit/loss from property management less the profit/loss for the period/year attributable to Class D shares, current tax and minority interest in profit from property management, in relation to the average number of Class A and Class B shares outstanding during the year. | The performance indicator is used to illustrate the company’s profit from property management per Class A and Class B share calculated in a way that is consistent for property management companies. |
| EPRA NDV – Net Disposal Value, SEKm | EPRA NTA with reversal of intangible assets, derivatives and with full deferred tax according to the balance sheet. | The performance indicator shows the net value that would be realised in a hypothetical sale. Reflects the value of the company on disposal. |
| EPRA NRV – Net Reinstatement Value, SEK million (Long-term net asset value) | Equity attributable to shareholders of the parent less a maximum of SEK 33 per Class D share multiplied by the number of Class D shares outstanding, with reversal of interest rate derivatives and deferred tax according to the balance sheet. | The performance indicator reflects the replacement cost of properties/assets and indicates what would be required to recreate the company’s assets. |
| EPRA NRV per Class A and Class B share, SEK | Long-term net asset value in relation to the number of Class A and Class B shares outstanding at the end of the period/year. | The performance indicator highlights the long-term net asset value share of holders of Class A and Class B shares. |
| EPRA NDV – Net Disposal Value, mkr | EPRA NRV less intangible assets and estimated actual deferred tax (for the property portfolio calculated on the basis of 25 percent of the current tax rate (i.e. 5.15 percent)). | The performance indicator reflects the company’s long-term net asset value based on continued management of the property portfolio. |
| Equity/assets ratio, % | Total shareholders’ equity divided by total assets at the end of the period/year. | The performance indicator is used to show the proportion of the company’s assets that are financed by shareholders’ equity and is included to enable investors to assess the company’s capital structure. |
| Fixed-rate period, years | Average fixed-rate period at the end of the period/year of interest-bearing liabilities and lease liability, but including the discount rate of interest-rate derivatives. | The performance indicator is used to highlight interest rate risk. A long fixed-rate term indicates lower interest rate risk. |
| Interest coverage ratio, multiple | Profit/loss for the period/year before financial items in relation to net financial income for the period/year excluding interest on site leasehold. | The performance indicator illustrates interest rate risk by highlighting the sensitivity of the company’s profit from property management to changes in interest rates. |
| Like-for-like portfolio | Properties owned for entire comparable periods and that have not been classified as project properties during those periods. | |
| Loan-to-value ratio, % | Interest-bearing liabilities less lease liabilities where applicable, cash and cash equivalents and short-term investments in relation to the fair value of the properties, investments in associated companies, receivables from associated companies, other non-current assets and assets held for sale. | The performance indicator is used to highlight the financial risk of the company and shows the proportion of the business that is financed by interest-bearing liabilities. |
| Net consumption, GWh | Electricity consumed by the Group. Excluding electricity re-invoiced to tenants. | |
| Net investments, SEKm | The sum of cash flow from investments made in investment and development properties, adjusted for any sales during the year. | Performance indicator to highlight the company’s ability to achieve operational targets. |
| Net letting, SEKm | The difference between the contractual annual rental value for newly signed leases and the contractual annual rental value for leases terminated during the period. | |
| Profit from property management, SEKm | Profit before changes in value and tax. | The performance indicator illustrates the profitability of the property management. |
| Profit/loss from property management per Class A and Class B share, SEK | Profit/loss from property management less the profit/loss for the period attributable to Class D shares in relation to the average number of Class A and Class B shares outstanding during the period. | |
| Project property | A property or a well-defined part of a property that has been vacated with the purpose of converting and improving the property. Project properties also include buildings under construction and properties with an investment of at least 20 percent of its fair value. The reclassification from project property to completed property is carried out at 1 January of the year following completion. | |
| Property category | Based on the main use of each property, the properties have been categorised as Justice, Higher education, Health care, Other public sector and Non-public sector. For properties with multiple buildings used for different purposes, a corresponding classification is made for each building. The calculation is based on contractual annual rental value. | |
| Property units | A property or building in the case where the property is developed with multiple buildings for different uses. | |
| Public-sector tenants | Tenants for which the credit risk of the tenancy is borne by the state, region, or municipality. | The performance indicator is used to highlight the credit risk in the company’s income. |
| Rental value, SEKm | Contractual annual rental value plus rent discounts and vacancies on an annual basis. | |
| Remaining contract period public sector, years | The average remaining contract period for public-sector tenants weighted based on contractual annual rental value. | The performance indicator is used to highlight the company’s rental risk. |
| Self-sufficiency rate, net, % | Share of electricity produced by the Group in relation to its electricity consumption, excluding electricity re-invoiced to tenants. | This performance indicator is used to report the share of Intea’s electricity consumption, excluding re-invoiced consumption, that is produced by its own solar panel systems and hydroelectric power plants. |
| Share of public-sector tenants, % | Contractual annual rental value from public-sector tenants divided by total contractual annual rental value. | The performance indicator is used to highlight the overall credit risk of the company’s tenants. A high proportion of income from public-sector tenants contributes to lower credit risk. |
| Share of secured debt, % | Secured debt as a share of total assets. | The performance indicator is a measure of the degree of structural subordination to unsecured debt. |
| Surplus ratio, % | Net operating income in relation to total rental income during the year. | The performance indicator illustrates the profitability of the property management activities. |
| Tenant category | Based on the activities of each tenant, the tenants have been categorised as Justice, Higher education, Health care, Other public sector and Non-public sector. The calculation is based on contractual annual rental value per lease. | |
| Underlying property value | The value of a property based on its market value, without considering any debt or financial obligations associated with the property. | |
| Yield, % | The net operating income on an annual basis for the property portfolio at the end of the period in relation to the value of the property portfolio at the end of the period less the value of ongoing projects and unused development rights. | The performance indicator shows the profit generation of the company before finance expenses and central administration. |