Steen & Strøm’s shopping center portfolio is showing an improvement in its like-for-like financial performance and KPIs compared to the same period last year, mainly driven by indexation and variable revenues. This was partially offset by a decrease in property valuations due to market effects.
Year-to-date retailer sales in our shopping centers are up +2.9% on a comparable portfolio basis, of which Norway +5.9%, Denmark +2.9% and Sweden +1.6%.
Like-for-like increase in net rental income (NRI) was +1.5%.
The group shows a solid financial position, with a net loan-to-value ratio of 19% (20% as of December 31, 2025), emphasized by Steen & Strøm's A- rating (S&P).