GTC Acquisition and Construction Overview
DEFINITIONS
FFO
profit before tax less tax paid, after adjusting for non-cash transactions (such as fair value or real estate re-
measurement, share base payment provision and unpaid financial expenses) and one off items (such as FX
differences and residential activity)
EPRA NAV
total equity less non-controlling interest, less: deferred tax liability related to real estate assets and derivatives at fair
value
IN-PLACE RENT
rental income that was in place as of the reports date. It includes headline rent from premises, income from parking
and other rental income
LTV
LTV shall be calculated as dividing (i) the total amount of outstanding interest-bearing financial liabilities less cash
and cash equivalents and deposits by (ii) the total market value of investments into: (1) property; (2) fixed assets;
(3) residential landbank (excl. cash); and (4) investment in associates and joint ventures
Interest cover ratio
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Interest cover shall be calculated as dividing (i) the gross margin by (ii) interest paid in the given period
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