Brief: Entra Q3 Net Value Changes At Loss Of NOK 2.2 Mln

Entra ASA

18/10/2023 06:10

Oct 18 (Reuters) - Entra ASA  ENTRA.OL :
    * Q3-23: SOLID INCOME GROWTH AND OPERATIONS, RESULTS
IMPACTED BY
HIGHER INTEREST COSTS AND NEGATIVE VALUE CHANGES
    * NET VALUE CHANGES CAME IN AT -2 197 (-3 823) MILLION IN
QUARTER
AND -4 712 (-1 535) MILLION FOR FIRST NINE MONTHS
    * AS OF 30.09.23 OCCUPANCY IN MANAGEMENT PORTFOLIO WAS 95.6
PER
CENT
    * BOARD'S FOCUS IS TO STRENGTHEN COMPANY'S BALANCE SHEET
    * BOARD HAS DECIDED TO NOT USE AUTHORIZATION TO PAY OUT
SEMI-ANNUAL DIVIDEND FOR FIRST HALF OF 2023
    * DIVIDEND POLICY REMAINS UNCHANGED
    * Q3 NET LETTING OF 29 MILLION (6 MILLION)
    * NET YIELD UP 78 BPS FROM PEAK VALUATIONS IN Q1 2022
    * MARKET RENTAL INCOME ASSESSMENT OF VACANT SPACE AS OF
30.09.23
IS ESTIMATED TO 162 MILLION ON AN ANNUALISED BASIS
    * EPRA LTV (LOAN-TO-VALUE) 54.7 % AT END-SEPTEMBER

Source text for Eikon:  ID:nObiKvjV6a 
Further company coverage:  ENTRA.OL 

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