ENTRA ASA 12.2.2021 07:00:00 CET | Entra ASA | Half yearly financial reports and audit reports / limited reviews Oslo, 12 February 2021 - Rental income was 590 million (595 million) in Q4 2020 and 2,353 (2,338) in 2020. Net income from property management was 362 million (384 million) in the quarter and 1,451 million (1,471 million) for 2020. Net value changes came in at 4,533 million (569 million) in the quarter and 5,705 million (1,955 million) for 2020. Profit before tax was 4,923 million (1,040 million) in the quarter and 7,274 million (3,735 million) for 2020. There has been very high letting activity in the fourth quarter, andEntra has signed new and renegotiated leases with annual rent totalling 256 million (86,000 sqm) during Q4 20, compared to 208 million (90,000 sqm) during Q4 2019 As of 31.12.20, the portfolio occupancy was 97.9 per cent (97.1 per cent), and the average unexpired lease term of contracts was 7.1 (6.9) years.Entra's project portfolio as of31.12.20 consist of 147,500 sqm to be finalised in the period 2021-2023. During Q4 2020, Entra finalised the redevelopment of 4,300 sqm in Kristian Augusts gate 13, an environmental pioneer pilot within circular economy where as much as 80 % of the building materials came from re-used materials. Entra started five new development projects totalling 82,400 sqm during Q4 2020. The new projects are: * Redevelopment of 13,000 sqm in Tordenskiolds gate 12 inOslo . The project is 92 % pre-let * Redevelopment of 14,200 sqm in Møllendalsveien 6-8 in Bergen. The project is 44 % pre-let * Redevelopment of 15,800 sqm in Stenersgata 1 inOslo . The project is 57 % pre-let * Redevelopment of 16,500 sqm in St. Olavs plass 5 inOslo . The project is 60 % pre-let * Redevelopment of 22,900 sqm in Schweigaards gate 15 inOslo . The project is 31 % pre-let In line with the dividend policy of distributing approximately 60 per cent of Cash Earnings, the board ofEntra will propose to the AGM to distribute a semi-annual dividend ofNOK 2.50 per share for the second half of 2020.Entra's total dividend for 2020 will then beNOK 4.90 per share compared toNOK 4.70 per share for 2019. | Q420 | Q419 | 2020 | 2019 Rental income | 590 | 595 | 2 353 | 2 338 Net operating income | 533 | 547 | 2 142 | 2 149 Net income from property management | 362 | 384 | 1 451 | 1 471 Profit before tax | 4 923 | 1 040 | 7 274 | 3 735 | | | | Cash Earnings per share | 1.92 | 2.10 | 7.83 | 8.01 EPRA NRV per share | 189 | 154 | 189 | 154 EPRA NTA per share | 187 | 153 | 187 | 153 EPRA NAV per share | 186 | 151 | 186 | 151Entra ASA will present its financial and operating results today at08:30 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 ,12 February 2021 Entra ASA For further queries please contact: Sonja Horn, CEO, tel: +47 90568456, email: sh@entra.no or Anders Olstad, CFO, tel + 47 900 22559, email: ao@entra.no DISCLAIMER This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. ABOUTENTRA ASA Entra is a leading owner, manager and developer of office properties inNorway .Entra owns and manages around 90 buildings totalling approximately 1.3 million square meters, located inOslo 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/16126567/308/370/Download%20announceme nt%20as%20PDF.pdf] * Q4 2020 report.pdf [https://kommunikasjon.ntb.no/ir-files/16126567/308/369/Q4%202020%20report.pd f]
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