Please find enclosed the report for Q1 2025 from Aurora Eiendom AS.
o Rental income in Q1 was NOK 151 million (NOK 150 million), which corresponds
to a like-for like
growth of 0,7 %.
o Net income from property management was NOK 123 million in the quarter (NOK
127 million).
o Pre-tax profit, including fair value adjustments of investment properties and
interest rate
derivatives, was NOK 22 million (NOK 82 million). Fair-value adjustments on
investment
properties amounted to NOK -34 million and on financial derivatives NOK -6
million.
o In Q1, new leases were started on a total area of 2 228 sqm, while leases for
1 990 sqm
expired. Occupancy was 97,4 %.
o The quarterŽs gross tenant turnover in our fully owned centers was NOK 1 911
million, which is
a like-for-like growth of 2 % compared to Q1 2024.
o During Q1 2025 Alti Forvaltning increased its shopping center portfolio by 6
centers, managing
a total of 60 centers in across Norway.