Key ratios per quarter - Group

Below you will find Hufvudstaden's key ratios per quarter.
Group Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021
Net revenue, SEK m 644 703 632 635 518
Return on equity, % 3.1 9.8 5.3 4.5 2.1
Return on equity, adjusted, % 2.6 3.0 3.3 3.4 2.8
Equity ratio, % 60 61 60 60 59
Earnings per share from property management after nom. tax (EPRA EPS), SEK 1.15 1.28 1.36 1.31 1.15
Net tangible assets (EPRA NTA) per share, SEK 187 188 178 175 171
Net earnings per share for the period, SEK 1.88 8.33 2.48 3.73 0.07
Equity per share, SEK 152.84 153.56 145.23 142.75 139.02
Cash flow from operating activities per share, SEK 1.24 1.47 1.37 1.15 0.93

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.

  Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021
Equity ratio, SEK m           
Equity 30,920 31,066 29,382 28,880 28,124
Total assets 51,133 51,099 48,700 48,136 47,802
Equity ratio, % 60 61 60 60 59
           
Interest coverage ratio, SEK m          
Profit or loss before tax 1) 1,236 3,726 1,886 1,531 780
Reversal of items affecting comparability and changes in value -227 -2,579 -735 -407 236
Interest expense 1) 152 139 135 134 134
Total 1,161 1,286 1,286 1,258 1,150
Interest expense 1) 152 139 135 134 134
Interest coverage ratio, multiple 7.6 9.3 9.5 9.4 8.6
           
Net loan-to-value ratio, properties, SEK m          
Interest-bearing liabilities 9,100 9,200 8,850 8,850 8,800
Lease liabilities 714 716 718 720 722
Interest-bearing assets -601 -1,182 -718 -577 -925
Paid dividend 2)         506
Total 9,213 8,734 8,850 8,993 9,103
Carrying amount, properties 49,206 48,790 46,768 46,312 45,552
Net loan-to-value ratio, properties, % 18.7 17.9 18.9 19.4 20.0
           
Net debt, SEK m          
Non-current interest-bearing liabilities 6,500 7,000 6,500 6,800 6,300
Non-current leasing liabilities 705 707 708 711 713
Current interest-bearing liabilities 2,600 2,200 2,350 2,050 2,500
Current leasing liabilities 9 9 9 9 9
Paid dividend 2)         506
Cash and bank holdings -601 -1,182 -718 -577 -925
Net debt 9,213 8,734 8,850 8,993 9,103

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.