Report for the 1st quarter of 2024

The Group posted another good operating result in the first quarter, with profit before income tax amounting to NOK 814 (234) million.

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The Group posted another good operating result in the first quarter, with profit before income tax amounting to NOK 814 (234) million.
The Group posted another good operating result in the first quarter, with profit before income tax amounting to NOK 814 (234) million.
Profit before tax, fair value adjustments and currency result amounted to NOK 562 (594) million in the quarter.
The Group’s rental income in the first quarter amounted to 958 million, an increase of 5,8 % compared to the same quarter last year.
The Group’s financial position is solid, and by the end of the quarter the Group’s equity ratio was 51 % (52 %), while its liquidity reserves increased to NOK 7 458 (4 571) million.
Retail sales in the shopping center portfolio in the first quarter were NOK 13 105 (12 529) million, an increase of 5 % compared to the same quarter last year.

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