Entra

Earnings Release • Apr 23, 2021

Q1-21: Solid portfolio and value growth

Q1-21: Solid portfolio and value growth

23.4.2021 07:00:00 CEST | Entra ASA | Additional regulated information required

to be disclosed under the laws of a member state

Oslo, 23 April 2021 - Rental income came in at 591 million in Q1 2021 compared

to 587 million in Q1 2020. Net income from property management was 370 million

(357 million). Net value changes came in at 880 million (-337 million) in the

quarter and profit before tax was 1,290 million (58 million).

Entra has signed new and renegotiated leases with annual rent totalling 57

million (36,800 sqm) in the quarter. As of 31.03.21 the portfolio occupancy was

98.1 per cent (97.4 per cent) and the average unexpired lease term of contracts

was 6.9 (7.0) years.

During the quarter, Entra started up the two new-build projects, Holtermanns veg

1-13 (phase 2) in Trondheim (20,900 sqm) and Nygårdsgaten 91/93 in Bergen

(11,900 sqm). Entra also acquired the properties Kanalpiren at Hinna Park in

Stavanger (25,900 sqm) through its 50 per cent owned Hinna Park Eiendom AS and

Møllendalsveien 1 A in Bergen (5,800 sqm).

| Q1-21 | Q1-20

Rental income | 591 | 587

Net operating income | 539 | 545

Net income from property management | 370 | 357

Profit before tax | 1,290 | 58

| |

Cash Earnings per share | 2.01 | 1.94

EPRA NRV per share | 194 | 156

EPRA NTA per share | 192 | 154

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.

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 -

https://kommunikasjon.ntb.no/ir-files/16126567/477/610/Download%20announcement%2

0as%20PDF.pdf

Q1 2021 report.pdf -

https://kommunikasjon.ntb.no/ir-files/16126567/477/607/Q1%202021%20report.pdf