Please find enclosed the report for Q2 2023 from Aurora Eiendom AS.
• Rental income in Q2 was NOK 142.9 million (NOK 93.5 million).
– The increase in mainly due to expansion of our shopping center portfolio in 2022, with the acquisition of Gulskogen Senter and Arkaden Senter in July.
• The quarter’s gross tenant turnover in our fully owned centers was NOK 2 137 million, which is a like-for-like growth of 3.2 % compared to Q2 2022.
– For the first half-year, like-for-like growth in gross tenant turnover was 4.6 % compared to 1H 2022.
• In Q2, new leases were started on a total area of 3 209 sqm, while leases for 3 690 sqm expired. This led to a decrease in occupancy from 93.5 % to 93.3 %, compared to the previous quarter. At the end of the quarter there are signed new lease agreements for a total of 2 460 sqm, equivalent to 1.2 % of GLA.
• Aurora Eiendom’s 50 % owned subsidiary Alti Forvaltning offers centers under management to become part of the Alti common market profile. Currently, a total of 30 shopping centers across Norway bear the "ALTI" branding. Among the recent additions are Alti Eikunda and Alti Flekkefjord, both rebranded in the month of June.
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