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Pandox TM Interim report January - March 2021 Patience is a virtue January - March 2021 ■ Revenue from Property Management amounted to MSEK 554 ( 672 ) . For comparable units the decrease was 15 percent , adjusted for currency effects Net operating income from Property Management amounted to MSEK 462 ( 561 ) . For comparable units the decrease was 14 percent , adjusted for currency effects Net operating income from Operator Activities amounted to MSEK -80 ( 20 ) ■ EBITDA amounted to MSEK 350 ( 538 ) ■ Cash earnings amounted to MSEK 85 ( 262 ) ■ Cash earnings per share amounted to SEK 0.49 ( 1.43 ) ■ Profit for the period amounted to MSEK 36 ( -668 ) ■ Earnings per share amounted to SEK 0.22 ( -3.63 ) Unrealised changes in value Investment Properties of MSEK -351 is included in the result Per 31 March 2021 , cash and cash equivalents and unutilised credit facilities amounted to MSEK 4,689 , compared with MSEK 5,221 per 31 December 2020 Financial summary Jan - Mar Full - year Figures in MSEK 2021 2020 4 % 2020 Revenue Property Management 554 672 -18 2,399 Net operating income Property Management 462 561 -18 2,018 Net operating income Operator Activities -80 20 n.a. -168 EBITDA 350 538 -35 1,699 Profit for the period 36 -668 n.a. -1,408 Earnings per share , SEK 1 ) 0.22 -3.63 n.a. -7.61 Cash earnings Cash earnings per share , SEK 1 ) 85 0.49 262 -68 660 1.43 -66 3.64 Key data Market value properties , MSEK Net interest - bearing debt , MSEK Loan to value net , % Interest cover ratio , times 61,161 30,288 65,345 30,862 59,542 29.007 EPRA NRV per share , SEK 1 ) WAULT ( Investment Properties ) , years 49.5 1.6 170.38 14.4 47.2 48.7 2.6 n.a. 186.97 15.3 2.0 167.60 14.6 RevPAR ( Operator Activities ) for comparable units at comparable exchange rates , SEK 98 504 -81 224 1 ) Based on total number of shares for balance sheet items and weighted number for shares for profit and loss items . For information about number of shares see page 16. See note 3 on page 23 for a summary of reclassifications , acquisitions and divestments . For complete definitions see page 25 . Pandox- Interim report January - March 2021 1 ( 26 )