Key figures

Amounts in NOK million 30.09.17 30.09.16 31.12.16
       
Net rental income 1 822 1 688 2 243
Fair value adjustments in investment properties and interest rate derivatives 1) 2 045 1 332 2 984
Profit before taxes 3 336  2 457 4 472
Profit before tax and fair value adjustments 1) 1 291 1 125 1 488
       
Equity per share (NOK) 219 181 197
Equity ratio 43 %  40 %  41 %
Long-term net asset value per share (NOK) 2) 266 223  241
       
Net cash flow from operations 1 198 886 1 234
Cash reserves 3) 6 973 5 478 4 950
Amortisation next 12 months 6 594 6 789 4 669
       
Interest-bearing debt 4) 21 557 19 704  21 252
Interest rate as at 30.06 / 31.12 3.04%  3.28%  3.24%
Loan to value ratio 5) 42%  43%  44%
       
Net investments 6) 1 312 2 023 4 239
Investment properties 50 358  44  932 47 695
Annual rental income 7) 2 890  2 685  2 850
Yield 5.16%  5.40%  5.32%
Sales, owned shopping centres 35 236  34 165  50 475
Sales, managed shopping centres 9 151 8 564 12 442
       
Share price as at 30.06 / 31.12 (NOK)  163.0 165.0 160.0

 

Please note that as a result of rounding differences and reclassifications, figures and percentages will not always match the total sum.

1) Including value adjustments in joint ventures and associated companies.
2) (Majority share of equity + deferred tax liabilities - fair value of debt (deferred tax 7%) / Number of shares.
3) Bank deposits etc. + Undrawn borrowing facilities
4) Unsecured part of interest-bearing debt NOK 5,277 million (30.06.17), NOK 3,754 million (30.06.16) and NOK 3,460 million (31.12.16), respectively.
5) (Interest bearing debt - Bank deposits etc) / Investment properties
6) Net supply of investment properties with addition for activated upgrades and maintenance.
7) Includes market rent for vacant premises.