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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Entra ASA    ENTRA   NO0010716418

ENTRA ASA

(ENTRA)
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Q3-20: Solid performance, significant value growth

10/16/2020 | 01:01am EST

Rental income was up by two per cent to 589 (577) million in Q3 2020. Net income from property management was up by six per cent to 383 (360) million. Net value changes came in at 918 (471) million, mainly as a result of yield compression in the Norwegian property market. Profit before tax was 1,354 (900) million in the quarter.

Entra has signed new and renegotiated leases with annual rent totalling 71 million (31,800 sqm) in the quarter and net letting came in at 7 million. As of 30.09.20 the occupancy in the management portfolio was 97.4 per cent (96.1 per cent). The average unexpired lease term of contracts was 6.9 years, also if the project portfolio is included.

Entra has signed leases and prepare for start-up of two new redevelopment projects in Oslo. 

 

 

 

Q3-20

Q3-19

YTD-20

YTD-19

2019

Rental income

 

 

589

577

1 763

1 743

2 338

Net operating income

 

 

543

530

1 609

1 602

2 149

Net income from property management

 

 

383

360

1 089

1 087

1 471

Profit before tax

 

 

1 354

900

2 351

2 694

3 735

Cash Earnings per share

 

 

2.08

1.96

5.91

5.91

8.01

EPRA NRV per share

 

 

162

150

162

150

154

EPRA NTA per share

 

 

161

149

161

149

153

EPRA NAV per share

 

 

160

147

160

147

151

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, 16 October 2020

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

 

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
  • Q3 report 2020.pdf

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2020 2 349 M 269 M 269 M
Net income 2020 1 784 M 204 M 204 M
Net Debt 2020 20 773 M 2 375 M 2 375 M
P/E ratio 2020 18,2x
Yield 2020 2,74%
Capitalization 32 420 M 3 703 M 3 706 M
EV / Sales 2020 22,6x
EV / Sales 2021 22,4x
Nbr of Employees 181
Free-Float 90,7%
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Mean consensus BUY
Number of Analysts 5
Average target price 160,00 NOK
Last Close Price 178,00 NOK
Spread / Highest target -1,69%
Spread / Average Target -10,1%
Spread / Lowest Target -15,7%
EPS Revisions
Managers
NameTitle
Sonja Horn Chief Executive Officer
Siri Beate Hatlen Chairman
Kjetil Hoff Chief Operating Officer
Anders Landro Olstad Chief Financial Officer
Kjell Bjordal Vice Chairman
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