Entra ASA
ENTRA
ISIN NO0010716418 / Valor 25642752
Entra ASA
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About company
Entra ASA is a prominent Norwegian real estate company specializing in the ownership, management, and development of office buildings. With a portfolio valued at approximately 69.5 billion NOK, the company oversees around 1.6 million square meters across 99 properties, boasting a high occupancy rate of 95.3%. Entra is recognized for its strategic focus on situating office clusters around central transportation hubs, thereby enhancing urban development and providing value to both its clients and the broader community. The company's commitment to future-oriented workplace environments reflects its ambition to lead in the creation of innovative and sustainable office solutions. While Entra aims to achieve net climate neutrality by 2030, its business operations fundamentally revolve around real estate development and management, with a keen eye on evolving office space dynamics and city development.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Profit Before Tax
Entra ASA reported a profit before tax of NOK 344 million for the second quarter of 2024, a significant improvement from a loss of NOK 1,739 million in the same quarter of 2023. This turnaround highlights the company's efforts in stabilizing its financial performance.
Rental Income
Rental income for Entra ASA in Q2 2024 was NOK 853 million, slightly down from NOK 854 million in Q2 2023. For the first half of 2024, rental income increased marginally to NOK 1,730 million from NOK 1,726 million in the same period last year.
Net Operating Income
Entra ASA's net operating income remained stable at NOK 785 million in Q2 2024, compared to NOK 787 million in Q2 2023. For the first six months of 2024, net operating income was consistent at NOK 1,584 million, the same as the previous year.
Debt Reduction
Entra ASA successfully reduced its debt by NOK 6,239 million in Q2 2024, which led to a decrease in effective leverage by 4.0 percentage points. This debt reduction was partly achieved through the sale of the Trondheim portfolio and Universitetsgata 11 in Oslo.
Dividends
Entra ASA did not declare any dividends for Q2 2024, maintaining its focus on strengthening the company's balance sheet given the current market conditions. This is consistent with the company's policy of semi-annual dividends, which remains unchanged.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1813 M
Market cap (USD)
53,460
Daily traded volume (Shares)
114.6 / 113.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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