Q1 2020

THE HIGHLIGHTS OF THE INTERIM REPORT ARE AS FOLLOWS:¹

Rental income was NOK 754 (741) million.
Profit before income tax and fair value adjustments was NOK 353 (505) million.
Total fair value adjustments in investment properties (inclusive of joint ventures and associated companies) amounted to NOK -2,328 (-92) million, a decrease of 3.9% (-0.2%).
Total fair value adjustments in interest rate derivatives (inclusive of joint ventures and associated companies) amounted to NOK -804 (-51) million.
The result before income tax amounted to NOK -2,742 (354) million.
Net cash flow from operations was NOK 378 (456) million.
The Group’s equity ratio at the end of Q1 was 45% (46%), and equity per share increased to NOK 244 (252).
Cash reserves at the end of the quarter were NOK 7,764 (7,437) million.
Retail sales in the shopping centre portfolio owned by the Group were NOK 10,404 (10,733) million.

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