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Report for the 2nd quarter of 2026

The Group delivered a satisfactory development in the second quarter, with profit before income tax amounting to NOK 467 million (357 million in the same period last year).

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Highlights of the report for Q2 and H1 20261:

  • The Group delivered a satisfactory development in the second quarter, with profit before income tax amounting to NOK 467 (357) million.
  • The Group’s rental income in the second quarter amounted to NOK 1 025 (974) million.
  • Fair value adjustments of investment properties amounted to NOK 39 (26) million, and fair value adjustments of interest rate derivatives totalled NOK -100 (-186) million in the quarter.
  • Profit before tax, fair value adjustments and currency result amounted to NOK 487 (544) million in second quarter.
  • The Group’s financial position is solid. By the end of the first half of the year the Group’s equity ratio was 48 % (50 %), while the liquidity reserve amounted to NOK 18 884 (7 420) million.
  • Retail sales in the shopping center portfolio in the second quarter were NOK 15 395 (15 214) million, an increase of 1 % compared to the same quarter last year.
  • In June, Olav Thon Eiendom AS entered into an agreement to acquire 100 % of the shares in Anthon Eiendom AS. Anthon Eiendom AS is a real estate group comprising 16 properties totaling approximately 150 000 square meters in the Oslo area. The acquisition took place on July 1, 2026.
  • At the company’s annual general meeting in May, it was decided to convert the company into a private limited company and to change the company name to Olav Thon Eiendom AS.

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

Cover image of OTE report for 2nd quarter 2026.