Aurora Eiendom AS - Earnings Release 2023

Aurora Eiendom AS – Q1 2023 report

Please find enclosed the report for Q1 2023 from Aurora Eiendom AS.

- Rental income in Q1 was NOK 144.5 million (NOK 83.1 million). The increase is mainly due to growth in the shopping center portfolio in 2022, and CPI-adjustment of minimum rent. Occupancy is currently 93,5% up from 91,2% in Q1 2022.

- The year began with strong growth in tenant turnover. The quarter’s gross tenant turnover in our fully owned centers was NOK 1 813 million, which is a like-for-like growth of 6.3 % compared to Q1 2022. Restaurants and cafés along with clothing stores and shoe stores experienced positive development.

- Alti Forvaltning AS continued its growth announcing three new management contracts in the quarter: Amfi Eikunda, Amfi Flekkefjord and Røa Torg. This brings the total of centers managed by Alti Forvaltning to 41 centers.

Lars Ove Løseth, CEO

+47 928 17 859

[email protected]

Kathrine Mauset, CFO

+47 46 44 84 11

[email protected]