13.7.2022 07:00:00 CEST | Entra ASA | Half yearly financial reports and audit reports / limited reviews
Rental income was up by 30 per cent to 783 (602) million in Q2 2022, and by 31 per cent to 1,564 (1,193) million for the first six months of 2022 compared to the same period last year. Net income from property management was up by 20 per cent to 445 (370) million in the quarter and 877 (740) million for the first six months. Net value changes came in at – 857 (756) million in the quarter and 2,288 (1,637) million for the first six months. Profit before tax was -413 (1,126) million in the quarter and 3,170 (2,417) million for the first six months of 2022.
Entra has signed new and renegotiated leases with annual rent totalling 134 million (53,900 sqm) in the quarter and net letting came in at 64 million. As of 30.06.22 the occupancy in the management portfolio was 97.0 per cent (97.4 per cent). The average unexpired lease term of contracts was 6.5 years, including the project portfolio.
(NOK million)
Q2-22
Q2-21
YTD-22
YTD-21
2021
Rental income
783
602
1 564
1 193
2 508
Net operating income
723
539
1 440
1 079
2 274
Net income from property management
445
370
877
740
1 534
Profit before tax
-413
1 126
3 170
2 417
6 825
(NOK per share)
Q2-22
Q2-21
YTD-22
YTD-21
2021
Cash Earnings
2.33
2.01
4.68
4.02
8.32
EPRA NRV
230
198
230
198
218
EPRA NTA
227
196
227
196
216
Entra ASA will present its financial and operating results today at 08:30 CET through a live webcast. The webcast can be followed from: https://entra.no/investor-relations. The presentation as well as the full quarterly report is available on the company’s website.
Oslo, 13 July 2022
Entra ASA
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
Disclosure regulation
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 106 properties totalling approximately 1.6 million square meters, located in Oslo and the surrounding region, Bergen, Trondheim and Stavanger. 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
Q2 H1 report 2022.pdf
