“Our focus with the transaction with PPI has been to create a SBB with stronger financial position and improved recurring earnings as a result of the financial and operational benefits generated,” says Leiv Synnes, CEO of SBB.

The complete pro forma earnings capacity is attached to this press release.

The presented earnings capacity is assessed on a twelve-month basis for SBB after the Transaction. Earnings capacity should not be regarded as a forecast for the coming twelve months. SBB’s income statement is also affected by changes in the value of the property portfolio for underlying holdings, as well as future property acquisitions, investments, and/or property disposals. Additional factors impacting results include changes in the value of derivatives and currency fluctuations. None of these have been considered in the earnings capacity.

For further details on assumptions and descriptions of the current earnings capacity, please refer to the companies’ own communicated earnings capacities and SBB’s Q3 2025 interim report.

Forward-Looking Information
The updated pro forma earnings capacity is not a forecast and should be regarded solely as a hypothetical snapshot, presented only to illustrate annualized revenues and costs based on the property portfolio, financial costs, capital structure, and organization at a specific point in time.

Financial Information and Earnings Capacity
The financial information presented in this press release is provided for illustrative purposes only and includes estimates and assumptions.

The preliminary financial information has not been prepared in accordance with IFRS, does not constitute financial pro forma information, and has not been audited or otherwise reviewed by the company’s’ auditor. Differences in accounting principles or definitions of financial metrics not defined under IFRS have not been considered. The presented financial information is based on reported unaudited financial data.