Aurora Eiendom AS

Report Publication Announcement • Feb 14, 2025

Aurora Eiendom AS – Q4 2024 report

Aurora Eiendom AS – Q4 2024 report

Please find enclosed the report for Q4 2024 from Aurora Eiendom AS.

• Rental income in Q4 was NOK 148 million (NOK 146 million), which corresponds to a like-for-like growth of 2 %.

• Full year rental income totaled NOK 587 million (NOK 575 million), an increase of 2 %, which can mostly be attributed to CPI growth.

• Net income from property management was NOK 121 million in the quarter (NOK 120 million).

• For the year 2024 net income from property management was NOK 477 million, the same level as in 2023 (NOK 477 million).

• In Q4, new leases were started on a total area of 7 206 sqm, while leases for 4 786 sqm expired. This led to an occupancy of 97,6 % at year-end.

• The quarter´s gross tenant turnover in our fully owned centers was NOK 2 771 million, which is a like-for-like growth of 1,0 % compared to Q4 2023.

• In 2024, like-for-like growth in gross tenant turnover was 1,4 % compared to 2023.

• During the year 2024 Alti Forvaltning increased its shopping center portfolio by 9 centers, managing a total of 54 centers in across Norway by year-end.