Definitions of Key Indicators
Definitions of Key Indicators and Financial Ratios
Equity/share = (Equity-Equityrelatedhybridbond – Accumulated interest expenses on hybrid bond) / Issue-adjusted number of shares on reporting date
Equity Ratio, % = 100 x ((Equity + Non-controlling interests / (Total assets – Advances received))
Return on Equity (ROE), % = 100 x ((Result before taxes – taxes) / (Equity + non-controlling interests for year, average))
Return on Investment (ROI), % = 100 x ((Result before taxes + Interest expenses and other financial expenses) / ( Total assets – Non-interest-bearing liabilities))
Earnings/share, basic = (Profit to parent company shareholders + interest expenses on hybrid bond during the period) / Average issue-adjusted number of shares during year
Earnings/share, diluted = (Profit to parent company shareholders + interest expenses on hybrid bond during the period) / Average number of shares adjusted for dilutive effect during year
Dividend/share = Dividend / Issue-adjusted number of shares on Dec 31
Dividend Payout Ratio, % = 100 x (Dividend/share) / (Earnings/share)
Effective Dividend Yield, % = 100 x ((Issue-adjusted dividend / share) / (Issue-adjusted share price on Dec 31)
Price/earnings (P/E) Ratio = Issue-adjusted share price on Dec31 / (Earnings/share)
Loan to Value, % = 100 x Interest-bearing liabilities / Fair value of investment properties (completed + under construction) on reporting date
Interest Coverage Ratio = EBITDA / Accrual-based interest expenses
Cash flow from operations/share = Cash flow from operations / Issue-adjusted number of shares, diluted, on reporting date
Net Debt/equity (Gearing), % = 100x ((Interest-bearing debt – Cash, bank and financial securities) / (Equity + Non-controlling interests))
EBITDA = Operating profit + depreciation +/- change in fair values of investment properties
EBITDA % = 100 x (EBITDA / Net sales)
EPRA-figures
Net Rental Revenue of Property Portfolio, % (EPRA Net Initial Yield) =100 x ((Rental income from Group-owned properties – Direct expenses from Group-owned properties) / Fair value of completed investment properties on reporting date)
EPRA Like for like rental growth, % = 100 x (Rental revenue from comparable properties / Rental revenue from comparable properties in previous period)
EPRA Net Asset value (NAV) = Equity to parent company shareholders – Hedging reserve + Deferred taxes from investment properties
EPRA Net Asset value/share = EPRA Net Asset Value / Issue-adjusted number of shares, basic, on reporting date
Financial Occupancy Ratio, % = 100 x ((Rental income of leased space) / (Estimated market rent of vacant space + Rental income of leased space))
EPRA Vacancy Rate = 100% – Financial occupancy rate, %