Q4 2023

HIGHLIGHTS OF THE REPORT FOR Q4 and preliminary results for 2023¹:

The Group posted another good operating result in the fourth quarter, with profit before tax, fair value adjustments and currency result amounting to NOK 532 (506) million.
The Group’s rental income in the fourth quarter amounted to 947 million, an increase of 12,6 % compared to the same quarter last year.
Fair value adjustments of investment property and financial instruments totalled NOK -2 312 (-1 362) million, and profit before tax was NOK -1 826 (-799) in Q4.
The Group’s preliminary profit before tax for 2023 amounted to -2 183 (3 134) million, and profit before tax, fair value adjustments and currency result amounting to NOK 2 259 (2 174) million.
The Group’s financial position is solid, and by the year-end the Group’s equity ratio was 50 % (52 %), while its liquidity reserves were NOK 5 382 (5 139) million.
Retail sales in the shopping center portfolio in the fourth quarter were NOK 18 219 (17 343) million, an increase of 5 % compared to the same quarter last year.
The Board proposes a dividend of NOK 7,00 per share (6,50) to be paid for 2023.

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