Entra

Q3-20: Solid performance, significant value growth

16.10.2020 07:00:01 CEST | Entra ASA | Inside information

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 | | | 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:

[email protected] or Anders Olstad, CFO, tel + 47 900 22 559, email:[email protected]

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

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