PiteBo, AB – loan-to-value

The figure is the company's own loan-to-value as stated in the report; Bostadsbolagskollen does not recalculate it. Companies define it differently: with net or gross debt, and against property value or against total assets. Comparisons include only companies that calculate against property value; companies that calculate against total assets (which then include, among other things, holdings in associated companies) are shown with the reason stated. The company's own term is shown in the source view for each value. The figure may therefore differ from analysts' own calculations.

EPRA LTV: EPRA LTV adds items such as hybrid capital and net payables and includes joint ventures proportionally; Swedish companies normally report net debt over property value, which is usually lower.