Highlights in the report:
The Group had a satisfactory development in the fourth quarter, with profit
before income tax
amounting to NOK 1 262 (-1 821) million.
The Group's rental income amounted to NOK 958 (949) million.
Fair value adjustments of investment properties amounted to NOK 504 (-1 916)
million, and fair value
adjustments of interest rate derivatives totalled NOK 189 (-309) million.
Profit before tax, fair value adjustments and currency result amounted to NOK
526 (534) million.
The Group's financial position is solid. By the year-end the Group's equity
ratio was 51 % (50 %), while
its liquidity reserves was NOK 6 561 (5 382) million.
Retail sales in the shopping center portfolio in the fourth quarter were NOK 18
712 (18 294) million, an
increase of 2 % compared to the same quarter last year.
The Board proposes a dividend of NOK 7,25 per share (7,00) to be paid for 2024.
For Olav Thon Eiendomsselskap ASA
EVP Finance and CFO
Tel: 926 97 622