Aurora Eiendom AS

Earnings Release • May 14, 2024

Aurora Eiendom AS – Q1 2024 report

Aurora Eiendom AS – Q1 2024 report

Please find enclosed the report for Q1 2024 from Aurora Eiendom AS.

• Rental income in Q1 was NOK 150 million (NOK 145 million), which corresponds to a like-for-like growth of 3,7 %.

• Net income from property management was NOK 127 million in the quarter (NOK 125 million).

• In Q1, new leases were started on a total area of 5 320 sqm, while leases for 3 963 sqm expired

Occupancy was 97,7 % at the end of the quarter.

• The quarter ́s gross tenant turnover in our fully owned centers was NOK 1 847 million, which is a like-for-like growth of 3,3 % compared to Q1 2023.

• During Q1 Alti Forvaltning increased its shopping center portfolio by four centers, now managing a total of 49 centers across Norway.