Aurora Eiendom AS

Earnings Release • Nov 17, 2023

Aurora Eiendom AS – Q3 2023 report

Aurora Eiendom AS – Q3 2023 report

Please find enclosed the report for Q3 2023 from Aurora Eiendom AS.

-Rental income in Q3 was NOK 142 million (NOK 133 million), which corresponds to a like-for like growth of 7 %. The increase can mostly be attributed CPI growth.

-Net income from property management was NOK 114 million in the quarter (NOK 109 million)

-In Q3, new leases were started on a total area of 3 468 sqm, while leases for 2 161 sqm expired. This led to an increase in occupancy from 93.3% to 93.7% compared to last quarter.

-The quarter ́s gross tenant turnover in our fully owned centers was NOK 2 127 million, which is a like-for-like growth of 5.9 % compared to Q3 2022.

o Year to date 2023, like-for-like growth in gross tenant turnover was 5.1 % compared to 2022.

o Health food stores, along with coffee bars and pharmacies have had the best development in turnover.

- Alti Forvaltning currently has 45 centers under management, an increase of 3 in the last quarter. A total of 31 shopping centers are branded with the “ALTI” common market profile.

o Alti Nerstranda in Tromsø, owned by Aurora Eiendom, was rebranded in September.

Lars Ove Løseth, CEO

+47 928 17 859

lars.ove.loeseth@alti.no

Kathrine Mauset, CFO

+47 46 44 84 11

kathrine.mauset@alti.no