Key performance indicators Definition Purpose
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 percentage of total assets. The performance indicator is a measure of the degree of structural subordination to unsecured debt.
Loan-to-value ratio, % Interest-bearing liabilities minus shareholder loans and lease liability where applicable, cash and cash equivalents and short-term investments in relation to the fair value of the properties. This 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.
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 building rights. The key performance indicator shows the earnings generation before financial expense and costs for central administration are taken into account.
Economic occupancy rate, % Contractual annual rental value at the end of the period 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.
Tenant category Tenants' activities broken down by contractual annual rental value. Intea's tenant categories are Justice, Higher Education, Health care, Other public sector and Non-public
Property category Main activity in the property calculated on contractual annual rental value per property unit. There may be areas within a property category that relate to activities other than the main category. Intea's property categories are Justice, Higher Education, Health care, Other public sector and Non-public.
Property value, SEKm The amount at which the company's investment properties are carried in the balance sheet at the end of the period. The performance indicator highlights the value of the company's property portfolio.
Profit from property management, SEKm Profit/loss before changes in value, tax and, where applicable, interest expense on shareholder loans. The performance indicator illustrates the profitability of property management, including the cost of shareholder loans.
Profit from property management, excluding interest on shareholder loans, SEKm Profit/loss before changes in value, tax and, where applicable, interest expense on shareholder loans. The performance indicator illustrates the profitability of the property management.
Average interest rate at the end of the period, % Average interest on interest-bearing liabilities excluding, where applicable, shareholder loans and lease liability, including costs of committed lines of credit and including the interest discount in derivatives. The performance indicator is used to highlight the interest rate risk of the company's interest-bearing liabilities.
Rental value Contractual annual rental value plus rent discounts and rent losses on an annual basis.
Adjusted profit from property management per Class A and Class B share, SEK Profit from property management less, where appropriate, the profit/loss for the period attributable to Class D shares or interest expense on shareholder loans in relation to the average number of Class A and Class B shares outstanding during the period. (note 1) The performance indicator is used to illustrate the company's property from property management per Class A and Class B share in a way that is consistent for listed companies.
Adjusted long-term net asset value, SEKm Equity at the end of the period, net of deferred tax, interest rate derivatives and, where applicable, non-controlling interests as shown in the balance sheet, less a maximum of SEK 33 per Class D share multiplied by the number of Class D shares outstanding. (note 1) The performance indicator is an established measure of the long-term net asset value of the Company and other listed companies, which allows for analyses and comparisons
Adjusted long-term net asset value 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 out standing at the end of the period. (note 1) The performance indicator highlights the long-term net asset value share of holders of Class A and Class B shares.
Like-for-like portfolio Properties owned for entire comparable periods that have not been classified as project properties during those periods.
Contractual annual rent Contractual rental income on an annual basis less rent discounts and losses.
Loan commitment, years Average remaining maturity at the end of the period of interest-bearing liabilities, if any, excluding shareholder loans. The performance indicator is used to highlight risk associated with refinancing. A long maturity indicates lower refinancing risk.
Net investments The sum of cash flow from investments made in investment and development properties, adjusted for any sales during the period. Key performance indicator to highlight the Company's ability to achieve operational objectives.
Property units A registered property or, as the case may be, if the registered property is occupied by several buildings in which the main uses vary within Intea's property categories, such buildings constitute property units.
Public-sector tenants Tenants for which the credit risk of the tenancy is borne by the state, a municipality or region. The performance indicator is used to highlight the credit risk in the company's income.
Project property Property or a well-defined part of a property that has been left vacant for the purpose of conversion and improvement. Project properties also include buildings under construction and properties with an investment of at least 20 per cent of its fair value. The reclassification from project property to completed property is carried out at 1 January of the year following completion.
Fixed-rate period, years Average fixed-rate period at the end of the period of interest-bearing liabilities, if any, excluding shareholder loans 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 from property management for the period, excluding interest expense on shareholder loans, as a percentage of net financial income for the period. The performance indicator illustrates interest rate risk by highlighting the sensitivity of the company's profit from property management to changes in interest rates.
Remaining contract period, years The average remaining lease term for public-sector tenants weighted based on contractual rental value. The key performance indicator is used to highlight the company's rental risk.
Surplus ratio, % Net operating income in relation to total rental income during the period. The performance indicator illustrates the profitability of the property management activities.

1) The key performance indicator has been adjusted to simulate a reclassification of shareholder contributions to Class B shares and the completed refinancing where the shareholder loan was replaced by a combination of Class B and Class D shares (40 percent and 60 percent respectively).