COPENHAGEN, Feb 16 (Reuters) - Swedish real estate company Oscar Properties said on Friday it would postpone the release of its fourth-quarter earnings report to April 4, adding that it had faced several challenges over a period of time.

Oscar Properties in January was forced to sell real estate at a discounted price of 2.2 billion Swedish crowns ($209.86 million) to repay loans from Norwegian bank DNB and other smaller creditors.

Property company DSAM Sverige on Monday applied for the bankruptcy of Oscar Properties, sending the company's shares down 42%. Oscar Properties intends to contest the bankruptcy application, it said.

Brf Innovationen in January filed for Oscar Properties to be declared bankrupt, but the application was

later withdrawn

.

($1 = 10.4832 Swedish crowns) (Reporting by Greta Rosen Fondahn, writing by Louise Breusch Rasmussen, editing by Stine Jacobsen and Essi Lehto)