| (NOK millions) | 31.12.2015 | 31.12.2014 |
| Net rental income | 2 023 | 1 883 |
| Fair value adjustments in investment properties and interest rate derivatives 1) | 3 021 | 281 |
| Profit before tax | 4 407 | 1 562 |
| Profit before tax and fair value adjustments 1) | 1 386 | 1 281 |
| Equity per share (NOK) | 165 | 131 |
| Equity ratio | 40 % | 36 % |
| Long-term net asset value per share (NOK) (EPRA NNNAV) 2) | 203 | 164 |
| Net cash flow from operationse 3) | 1 107 | 1 037 |
| Liquidity reserve 4) | 3 525 | 3 941 |
| Amortisation next 12 months | 1 571 | 3 936 |
| Interest-bearing debt | 18 006 | 16 647 |
| Interest rate, 31 December | 3,61 % | 3,95 % |
| Loan to value ratio 5) | 44 % | 47 % |
| Net investments | 1 826 | 3 934 |
| Carrying amount of investment property | 40 177 | 34 661 |
| Annual rental income | 2 500 | 2 320 |
| Net yield | 5,50 % | 5,91 % |
| Sales, owned shopping centres | 47 737 | 44 605 |
| Sales, managed shopping centres | 11 650 | 10 715 |
| Share price, 31 December (NOK) | 142,0 | 125,5 |
Changes to accounting policies etc. mean that some figures differ from those presented in previous interim and annual reports.
1) Including value adjustments in joint ventures and associated companies.
2) EPRA, European Public Real Estate Association, is an organisation for listed property companies and investors in Europe, which prepares recommendations for financial reporting. This report uses EPRA NNNAV, which indicates the net asset value (majority share of equity) per share. This is calculated as majority share of equity + deferred tax liabilities - fair value of debt (deferred tax 7% 31/12/15 and 8% 31/12/14).
3) Net cash flow from operating activities - Change in operating-related accruals – Difference between interest expensed and interest paid.
4) Bank deposits etc. + Undrawn borrowing facilities.
5) (Interest-bearing debt – bank deposits etc./Carrying amount of investment property.