Q1 net profit fell to 202 million crowns, down from 453 million crowns a year earlier, a drop of over 50%.
Rental income rose 3.3% to 759 million crowns, but comparable portfolio rental fell 1.5% due to lingering office vacancies.
Loan‑to‑value increased to 43.7% from 41.8%, interest‑bearing debt rose to 26.87 billion crowns, and green bonds of 1.5 billion crowns were issued.
NAV per share stood at 53.90 crowns versus a market price of 29.70 crowns, a roughly 45% discount.