Aurora Eiendom AS

Report Publication Announcement • Aug 16, 2024

Aurora Eiendom AS – Q2 2024 report

Aurora Eiendom AS – Q2 2024 report

Please find enclosed the report for Q2 2024 from Aurora Eiendom AS.

• Rental income in Q2 was NOK 147 million (NOK 143 million), which corresponds to a like-for like growth of 2,7 %.

• Net income from property management was NOK 120 million in the quarter (NOK 118 million).

• In Q2, new leases were started on a total area of 5 094 sqm, while leases for 8 683 sqm expired. Occupancy was 96,6 % at the end of the quarter.

• Vacancy increased in this quarter compared to the previous quarter. This is in part due to the termination of two large leases in the portfolio. In August, a new lease was signed to replace one of these contracts.

• The quarter ́s gross tenant turnover in our wholly owned centers was NOK 2 191 million, which is a like-for-like growth of 2,5 % compared to Q2 2023.

• During Q2 Alti Forvaltning increased its shopping center portfolio by two centers, now managing a total of 51 centers across Norway.

• All of Aurora Eiendom ́s shopping centers are now BREEAM In-Use certified, with the following results:

-Alti Farmandstredet and Alti Nordbyen: Very Good.

-Alti Amanda, Alti Nerstranda, Alti Gulskogen, and Arkaden: Excellent.

-Alti Buskerud and Alti Vinterbro: Outstanding.