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Oslo, 23 April 2021 - Rental income came in at 591 million in Q1 2021 compared
to 587 million in Q1 2020. Net income from property management was 370 million
(357 million). Net value changes came in at 880 million (-337 million) in the
quarter and profit before tax was 1,290 million (58 million).
Entra has signed new and renegotiated leases with annual rent totalling 57
million (36,800 sqm) in the quarter. As of 31.03.21 the portfolio occupancy was
98.1 per cent (97.4 per cent) and the average unexpired lease term of contracts
was 6.9 (7.0) years.
During the quarter, Entra started up the two new-build projects, Holtermanns veg
1-13 (phase 2) in Trondheim (20,900 sqm) and Nygårdsgaten 91/93 in Bergen
(11,900 sqm). Entra also acquired the properties Kanalpiren at Hinna Park in
Stavanger (25,900 sqm) through its 50 per cent owned Hinna Park Eiendom AS and
Møllendalsveien 1 A in Bergen (5,800 sqm).
| Q1-21 | Q1-20
Rental income | 591 | 587
Net operating income | 539 | 545
Net income from property management | 370 | 357
Profit before tax | 1,290 | 58
| |
Cash Earnings per share | 2.01 | 1.94
EPRA NRV per share | 194 | 156
EPRA NTA per share | 192 | 154
Entra ASA will present its financial and operating results today at 08:30 CET
through a live webcast. The webcast can be followed from:
Kontakt, Finansiell kalender | Entra. The presentation as well as the full
quarterly report is available on the company’s website.
For further queries please contact: Sonja Horn, CEO, tel: +47 905 68 456, email:
sh@entra.no or Anders Olstad, CFO, tel + 47 900 22 559, email:ao@entra.no
DISCLAIMER
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ABOUT ENTRA ASA
Entra is a leading owner, manager and developer of office properties in Norway.
Entra owns and manages around 90 buildings totalling approximately 1.3 million
square meters, located in Oslo and the surrounding region, Bergen, Stavanger and
Trondheim. Entra has a solid customer portfolio with a high proportion of public
tenants. The company’s strategy is focused on delivering profitable growth, high
customer satisfaction and environmental leadership
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/16126567/477/610/Download%20announcement%2
0as%20PDF.pdf
Q1 2021 report.pdf -
https://kommunikasjon.ntb.no/ir-files/16126567/477/607/Q1%202021%20report.pdf
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