Report for the 3rd quarter of 2024

The Group had a satisfactory development in the third quarter, with profit before income tax amounting to NOK 502 (-763) million.

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The Group had a satisfactory development in the third quarter, with profit before income tax amounting to NOK 502 (-763) million.
The Group’s rental income in the third quarter amounted to NOK 946 (922) million.
Fair value adjustments of investment properties amounted to NOK 108 (-1 308) million, and fair value adjustments of interest rate derivatives totalled NOK -106 (80) million in the quarter.
Profit before tax, fair value adjustments and currency result amounted to NOK 518 (541) million in the quarter.
The Group’s financial position is solid. By the end of the quarter the Group’s equity ratio was 51 % (51 %), while its liquidity reserves was NOK 9 221 (5 232) million.
Retail sales in the shopping center portfolio in the third quarter were NOK 14 597 (14 448) million, an increase of 1 % compared to the same quarter last year.

¹The figures in brackets are for the corresponding period/date last year.