Aurora Eiendom AS

Quarterly Report • May 15, 2025

Aurora Eiendom AS – Q1 2025 report

Aurora Eiendom AS – Q1 2025 report

Please find enclosed the report for Q1 2025 from Aurora Eiendom AS.

• Rental income in Q1 was NOK 151 million (NOK 150 million), which corresponds to a like-for like

growth of 0,7 %.

• Net income from property management was NOK 123 million in the quarter (NOK 127 million).

• Pre-tax profit, including fair value adjustments of investment properties and interest rate

derivatives, was NOK 22 million (NOK 82 million). Fair-value adjustments on investment

properties amounted to NOK -34 million and on financial derivatives NOK -6 million.

• In Q1, new leases were started on a total area of 2 228 sqm, while leases for 1 990 sqm

expired. Occupancy was 97,4 %.

• The quarter´s gross tenant turnover in our fully owned centers was NOK 1 911 million, which is

a like-for-like growth of 2 % compared to Q1 2024.

• During Q1 2025 Alti Forvaltning increased its shopping center portfolio by 6 centers, managing

a total of 60 centers in across Norway.