Felanmälan

Definitions financial ratios

The company presents a number of financial metrics in the interim report that are not defined in accordance with IFRS (Alternative Performance Measures according to ESMA guidelines). These financial ratios provide valuable supplementary information to investors, company management and other stakeholders as they enable effective evaluation and analysis of the company's financial position and performance. The alternative performance measures are not always comparable with the measures used by other companies and should therefore be regarded as a complement to measures defined in accordance with IFRS. Platzer applies these alternative performance measures consistently over time. The performance measures are alternative in accordance with ESMA's guidelines unless otherwise stated. Below is an explanation of how Platzer's key ratios are defined and calculated.

Link to Calculation of key performance indicators.

KPI/ CONCEPT	DESCRIPTION	EXPLANATION OF ALTERNATIVE PERFORMANCE MEASURE
FINANCIAL DEFINITIONS
The share's dividend yield	Proposed or paid dividend in relation to the share price at the balance sheet date.	Highlights the ongoing return that shareholders are expected to receive.
Total return on the share	Change in the share price adjusted for dividend paid in relation to the share price at the beginning of the period	Highlights the total return that shareholders are expected to receive.
Number of shares outstanding*	Number of registered shares at the end of the period, less repurchased shares which do not entitle to dividends or voting rights
Return on equity	Profit for the period, translated to 12 months, divided by average equity (opening balance + closing balance)/2 during the period.	Illustrates the return on the owners' capital during the period
Return on total capital	Income from property management for the period after reversal of finance costs, translated to 12 months, in relation to average total assets (opening balance + closing balance)/2 during the period	Illustrates the return on the Group's assets during the period, regardless of how they are financed
Loan-to-value ratio	Interest-bearing liabilities divided by total assets	Highlights financial risk
Loan-to-value ratio, property	Interest-bearing liabilities divided by the value of the properties.	Highlights financial risk
Data per share*	The average number of shares has been used in the calculation of earnings and cash flow per share, while the number of outstanding shares has been used in the calculation of assets, equity and net asset value per share.
Yield	Operating surplus less ground rent for leasehold site divided by the market value of properties under management. Properties acquired/completed during the period have been counted as if they were owned or completed throughout the year, while properties that were sold have been completely excluded. Projects and undeveloped land have been excluded.	Highlights the underlying earnings of the properties
Operating surplus*	Rental income less direct property costs.	Illustrates the performance of the business.
EBITDA	Operating surplus less central administrative expenses and plus income from property management from associates/joint ventures	The company's underlying earnings excl. financing
Equity per share	Equity divided by the number of shares outstanding at the end of the period	Highlights the owners' visible share of the company
Income from property management	Operating surplus less central administrative expenses and net financial items, and including income from property management from associates/joint ventures	The company's underlying earnings net of interest-bearing financing
Net investment	Property acquisitions and disposals carried out during the period and investments in existing properties, net amount	Illustrates the investment volume in the company
Net interest-bearing liabilities	Interest-bearing liabilities less cash and cash equivalents	Used in the calculation of key ratios that highlight financial risk
Net interest-bearing liabilities/EBITDA	Net interest-bearing liabilities in relation to EBITDA	Indicates how many years it takes to repay debts. Illustrates the company's financial risk from a cash flow perspective
Earnings after tax per share, SEK	Profit attributable to parent company shareholders divided by average number of shares	The key ratio highlights the shareholders' share of profit
Interest coverage ratio, times	Income from property management with reversal of net financial items divided by net financial items	Highlights financial risk
Debt/equity ratio	Interest-bearing liabilities relative to equity	Highlights financial risk
Equity/assets ratio	Equity divided by total assets	Highlights financial risk
Dividend payout ratio	Dividend in relation to income from property management less standard tax of 20.6%	Highlights the proportion of current earnings that are distributed to shareholders and reinvested in the company.
EPRA DEFINITIONS
EPRA LTV - Loan To Value	Consolidated net debt including the Group's share of the net debt of associates divided by consolidated property value including the Group's share of the property value of associates.	Illustrates loan-to-value ratio, properties
EPRA NRV - Net Reinstatement Value	Equity according to the balance sheet with reversal of interest rate derivatives and deferred tax according to the balance sheet, as well as dividend declared but not yet paid.	Illustrates the owners' capital over the long term and is based on the balance sheet with adjustment for items not entailing payment in the near term
EPRA NTA - Net Tangible Assets	Equity according to the balance sheet with reversal of interest rate derivatives and deferred tax according to the balance sheet, as well as dividend declared but not yet paid and deduction of fair value of deferred tax.	Illustrates the owners' capital over the long term and is based on the balance sheet with adjustment for items not entailing payment in the near term and the market value of deferred tax
EPRA NDV - Net Disposal Value	Equity according to the balance sheet with reversal of dividend declared but not yet paid	Illustrates the owners' capital according to the published balance sheet
EPRA Earnings	Income from property management less nominal tax attributable to income from property management	Highlights underlying earnings net of costs of interest-bearing financing and taxes paid
PROPERTY-RELATED DEFINITIONS
Economic occupancy rate	Contracted annual rent divided by rental value immediately after the end of the period.	Illustrates the economic occupancy rate of the properties
Property category	The property's main rental value with respect to the type of premises. Within a property category, there may therefore be areas that relate to purposes other than the main use.
Rental value	Contracted annual rent on the day immediately after the end of the period plus estimated market rent for vacant premises.	Illustrates the Group's rental income based on all space being fully let
Comparable properties	Properties that were owned and managed during the entire period and the comparison period, i.e. properties that have been acquired or sold or completed projects are not included.	Highlights value creation through property management and is thus not affected by portfolio changes.
Net lettings	Total agreed contracted annual rent for new lettings for the period, less annual rent for leases terminated during the period	Highlights the letting situation and impact on future vacancies
Project property	Property or well-defined part of property where conversion is planned or underway with the aim of adding value to the property, as well as new production under construction.
Project gain	Market value after completed investment less completed investment in relation to completed investment	Highlights value creation in the projects
Surplus ratio	Operating surplus divided by rental income	Highlights the profitability of properties
* The key ratio is not an alternative performance measure according to ESMA's definition, which is why its use is not explained.