Entra

Earnings Release • Oct 19, 2021

Q3-21: Solid income and value growth

Q3-21: Solid income and value growth

19.10.2021 07:00:01 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Rental income was up by nine per cent to 639 (589) million in Q3 2021. Net

income from property management was up by five per cent to 402 (383) million.

Net value changes came in at 794 (918) million. Profit before tax was 1,192

(1,354) million in the quarter.

Entra has signed new and renegotiated leases with annual rent totalling 133

million (51,100 sqm) in the quarter, net letting came in at -44 million. As of

30.09.21 the occupancy in the management portfolio was 97.3 per cent (97.4 per

cent) and the average unexpired lease term of contracts was 7.1 (6.9) years if

the project portfolio is included.

During the quarter Entra finalised the 21,900 sqm new-build project in

Universitetsgata 7-9 and the 28,100 sqm redevelopment project in

Universitetsgata 2, both at Tullin in Oslo. Entra has also acquired the 5,550

sqm property Universitetsgata 11 (Hotel Savoy) in Oslo.

| Q3-21 | Q3-20 | YTD-21 | YTD-20 | 2020

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Rental income | 639 | 589 | 1 832 | 1 763 | 2 353

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Net operating income | 581 | 543 | 1 660 | 1 609 | 2 142

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Net income from property management | 402 | 383 | 1 142 | 1 089 | 1 451

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Profit before tax | 1 192 | 1 354 | 3 609 | 2 351 | 7 274

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Cash Earnings per share | 2.18 | 2.08 | 6.21 | 5.91 | 7.83

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EPRA NRV per share | 205 | 165 | 205 | 165 | 189

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EPRA NTA per share | 202 | 163 | 202 | 163 | 187

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, 19 October 2021

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 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/16126567/912/1201/Download%20announcement%

20as%20PDF.pdf

Q3 2021 report.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/912/1200/Q3%202021%20report.pdf