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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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Highlights of the report for Q1 20241:

  • 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.

Forsidebilde av rapport for 1. kvartal 2024