Return on equity, %
Profit or loss for the period, attributable to the shareholders of the parent company, as a percentage of average equity (shareholders' equity).

Equity to asset ratio, %
Reported shareholders’ equity as a percentage of total assets at the end of the period

Loan to value ratio
Interest-bearing liabilities as a percentage of the total market property value at the end of the period.

Interest cover ratio, %
Profit before value changes, plus financial expenses and depreciation, divided by financial expenses.

Average cost of debt, %
Average interest rate paid as a percentage of current interest bearing debt.

Net interest bearing debt, MSEK
Total interest bearing liabilities less cash and cash equivalents.

Investments, excluding acquisitions, MSEK
Investments in properties, excluding acquisitions.

Gross profit, Property management, MSEK
Revenue less directly related costs for Property management.

Gross profit, Operator activities, MSEK
Revenue less directly related costs for Operator activities and depreciation on fixed assets excluding acquisitions.

Net operating income, Property management, MSEK
Net operating income Property management corresponds to gross profit Property management.

Net operating income, Operator activities, MSEK
Gross profit Operator activities plus depreciation included in costs, Operator activities.

EBITDA, MSEK
Total net operating income less central administration excluding depreciation.

Cash earnings, MSEK
EBITDA plus financial income less financial expenses less current tax.

Cash earnings per share, SEK
EBITDA plus financial income less financial expenses less current tax, divided by the weighted average number of shares outstanding.

Earnings per share, SEK
Profit for the period, attributable to the shareholders of the parent company, divided by the weighted average total number of shares outstanding.

Shareholders’ equity per share, SEK
Reported shareholders' equity attributable to the shareholders of the parent company, divided by the total number of shares outstanding at the end of the period.

Net asset value (EPRA NAV) per share, SEK
Recognized equity, attributable to the shareholders of the parent company, including reversal of derivatives and deferred tax and revaluation of Operating properties divided by total number of diluted shares outstanding at the end of the period.

Dividend per share, SEK
Dividend for the year divided by the total weighted number of diluted shares outstanding at the end of the period.

Weighted average number shares, before dilution, thousands
The weighted average number of shares incorporates any changes in the amount of outstanding shares, before any dilution, over the reporting period.

Weighted average number shares, after dilution, thousands
The weighted average number of shares incorporates any changes in the amount of outstanding shares, after dilution, over the reporting period.

Number of hotels
Number of owned hotel properties, at the end of the period.

Number of rooms
Number of rooms in owned hotel properties, at the end of the period.

WAULT (Investment properties), years
Average lease term remaining to expiry, across the Investment property portfolio, weighted by contracted rental income.

Property market value, MSEK
Market value of Investment properties plus market value of Operating properties.

RevPAR Operator activities (comparable units at constant exchange rates), SEK
Revenue per available room, i.e., total revenue from sold rooms divided by the number of available rooms. Comparable units are defined as properties that have been fully owned during the entire current period and the corresponding comparative period. Constant exchange rate is defined as the exchange rate of the current period, and the corresponding comparative period is recalculated based on that rate.