Entra ASA: Q2/H1-25 - Growth in net income from property management and property values, strong letting, and increased occupancy

11 Jul 2025 07:00 CEST

11.7.2025 07:00:00 CEST | Entra ASA | Additional regulated information required
to be disclosed under the laws of a member state

Rental income was 770 (853) million in Q2 2025, and 1 544 (1 730) million for
the first six months of 2025. Despite the reduction in rental income, net income
from property management increased to 352 (348) million in the quarter,
primarily driven by lower interest costs. Net income from property management
for the first six months was 671 (673) million. Net value changes were 191 (2)
million in the quarter and 159 (-1 625) million for the first six months, driven
by positive value changes of investment properties of 289 and 283 million,
respectively. Profit before tax was 534 (344) million for the quarter and 813
(-969) million for the first six months. Net asset value (EPRA NRV) increased to
166 per share.

Gross letting was strong in the quarter, with new and renegotiated leases
generating an annual rent totalling 203 million (62 900 sqm). Net letting came
in at 22 million. As of 30 June 2025, occupancy in the management portfolio was
94.6 per cent, up from 93.8 per cent in Q1 2025. The average unexpired lease
term of contracts was 6.1 years, including the project portfolio.

During the first quarter, Entra started one refurbishment project. Entra's
climate targets have been validated by the Science Based Targets initiative
(SBTi) under the new standard for the building sector, as the first real estate
company in Norway.



(NOK million) | Q2-25 | Q2-24 | H1-25 | H1-24 | 2024
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Rental income | 770 | 853 | 1 544 | 1 730 | 3 267
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Net operating income | 713 | 785 | 1 420 | 1 584 | 2 991
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Net income from property management | 352 | 348 | 671 | 673 | 1 308
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Net value changes | 191 | 2 | 159 | -1 625 | -1 332
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Profit before tax | 534 | 344 | 813 | -969 | -56
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| | | | |
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(NOK per share) | Q2-25 | Q2-24 | H1-25 | H1-24 | 2024
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Cash Earnings | 1.91 | 1.89 | 3.65 | 3.66 | 7.11
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EPRA NRV | 166 | 158 | 166 | 158 | 162
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EPRA NTA | 165 | 156 | 165 | 156 | 160



Entra ASA will present its financial and operational results today at 08:30 CET
via a live webcast. The webcast can be followed from:
https://entra.no/investor-relations. The presentation, along with the full
quarterly report, is available on the company's website.



Oslo, 11 July 2025

Entra ASA



For further queries please contact:

Sonja Horn, CEO, tel: +47 905 68 456, email: sh@entra.no

Ole Anton Gulsvik, CFO, tel: + 47 995 68 520, email: oag@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.
The company owns and manages around 80 properties, totalling approximately 1.3
million square metres, located in the Greater Oslo region, Bergen, and
Stavanger. Entra's tenant base primarily comprises public sector entities and
high-quality private tenants on long-term leases. The company's strategy focuses
on creating value through profitable growth, being the preferred office
provider, and environmental leadership.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/16126567/18596017/6293/Download%20announce
ment%20as%20PDF.pdf

Q2-2025 Report.pdf -
https://kommunikasjon.ntb.no/ir-files/16126567/18596017/6292/Q2-2025%20Report.pd
f

More information:
Access the news on Oslo Bors NewsWeb site

651092_Q2-2025 Report.pdf
651092_Download announcement as PDF.pdf