Entra

Earnings Release • Apr 22, 2022

Q1-22: Strong income and portfolio value growth

Q1-22: Strong income and portfolio value growth

22.4.2022 07:00:00 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Oslo, 22 April 2022 - Rental income increased by 32 per cent to 781 million in

Q1 2022 compared to 591 million in Q1 2021. Net income from property management

grew by 17 per cent to 433 million (370 million). Net value changes came in at

3,146 million (880 million) in the quarter and profit before tax was 3,583

million (1,290 million).

Entra has signed new and renegotiated leases with annual rent totalling 65

million (29,600 sqm) in the quarter. As of 31.03.22 the portfolio occupancy was

97.3 per cent (98.1 per cent) and the average unexpired lease term of contracts

was 6.6 (6.9) years.

During the quarter, Entra closed the acquisition of the 17 properties in the

Oslo Areal portfolio and the divestment of its 50 % stake in Hinna Park Eiendom.

Entra also started up the redevelopment project Kongens gate 87 in Trondheim

(7,100 sqm) and the refurbishment project Vahls gate 1-3 in Oslo (14,900 sqm).

(NOK million) | Q1-22 | Q1-21

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Rental income | 781 | 591

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Net operating income | 717 | 539

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Net income from property management | 433 | 370

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Net value changes | 3,146 | 880

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Profit before tax | 3,583 | 1,290

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(NOK per share) | Q1-22 | Q1-21

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Cash Earnings | 2.35 | 2.01

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EPRA NRV | 235 | 194

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EPRA NTA | 233 | 192

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, 22 April 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.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/1368/1847/Download%20announcement

%20as%20PDF.pdf

Q1 2022 report.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/1368/1846/Q1%202022%20report.pdf