Report for the 2nd quarter and H1 2024

The Group posted another good operating result in the second quarter, with profit before income tax amounting to NOK 286 (173) million.

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The Group posted another good operating result in the second quarter, with profit before income tax amounting to NOK 286 (173) million.
Fair value adjustments of investment properties amounted to NOK -328 (-940) million, and fair value adjustments of interest rate derivatives totalled NOK 113 (418) million in the quarter.
Profit before tax, fair value adjustments and currency result amounted to NOK 523 (592) million in the quarter.
The Group’s rental income in the second quarter amounted to NOK 944 (946) million.
The Group’s financial position is solid, and by the end of the first half of the year the Group’s equity ratio was 50 % (51 %), while its liquidity reserves increased to NOK 7 782 (4 910) million.
Retail sales in the shopping center portfolio in the second quarter were NOK 14 697 (14 258) million, an increase of 3 % compared to the same quarter last year.

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