Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
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Group Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020
Net revenue, SEK m 635 518 463 434 409
Return on equity, % 4.5 2.1 -4.8 -2.8 -2.6
Return on equity, adjusted, % 3.4 2.8 3.0 2.7 2.6
Equity ratio, % 60 59 60 61 62
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.31 1.15 1.21 1.16 1.07
Net tangible assets (EPRA NTA) per share, SEK 175 171 173 176 175
Net earnings per share for the period, SEK 3.73 0.07 -2.27 0.38 -2.83
Equity per share, SEK 142.75 139.02 141.45 143.72 143.00
Cash flow from operating activities per share, SEK 1.15 0.93 1.37 1.46 1.42

Alternative Performance Measures

Hufvudstaden applies the European Securities and Markets Authority’s (ESMA) Guidelines on Alternative Performance Measures. A number of the key performance measures above are alternative performance measures, i.e. a set of financial metrics not defined in IFRS or the Annual Accounts Act, and which are used to present the Company’s development and improve comparability between periods. Definitions of performance measures are given in the glossary. Below is the derivation of alternative performance measures.

  Q2 2021 Q1 2021 Q4 2020 Q3 2020 Q2 2020
Equity ratio, SEK m           
Equity 28,880 28,124 28,617 29,075 29,497
Total assets 48,136 47,802 47,397 47,627 47,708
Equity ratio, % 60 59 60 61 62
           
Interest coverage ratio, SEK m          
Profit or loss before tax 1) 1,531 780 -1,833 -959 -789
Reversal of items affecting comparability and changes in value -407 236 2,894 2,036 1,880
Interest expense 1) 134 134 132 132 132
Total 1,258 1,150 1,193 1,209 1,223
Interest expense 1) 134 134 132 132 132
Interest coverage ratio, multiple 9.4 8.6 9.1 9.2 9.3
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 8,850 8,800 8,650 8,250 7,900
Lease liabilities 720 722 720 729 740
Interest-bearing assets -577 -925 -784 -366 -454
Decided dividend 2)   506      
Total 8,993 9,103 8,586 8,613 8,186
Carrying amount, properties 46,312 45,552 45,637 46,266 46,214
Net loan-to-value ratio, properties, % 19.4 20.0 18.8 18.6 17.7
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,800 6,300 6,200 6,200 6,200
Non-current leasing liabilities 711 713 710 710 713
Current interest-bearing liabilities 2,050 2,500 2,450 2,050 1,700
Current leasing liabilities 9 9 10 19 27
Decided dividend 2)   506      
Cash and bank holdings -577 -925 -784 -366 -454
Net debt 8,993 9,103 8,586 8,613 8,186

1) Recalculated 12 months.

2) At the Annual General Meeting on March 25, 2021, the Meeting decided to distribute SEK 2.50 per share to the shareholders, corresponding to a total of SEK 506 million. The payment date for the dividend was April 1, 2021.