Apr 29, 2025 / 06:30AM GMT
Sonja Horn - Entra ASA - Chief Executive Officer
Good morning all and welcome to our first quarter presentation. Let's start, directly with the highlight's rental income of NOK774 million in the quarter. That is NOK104 million below same quarter last year when, adjusting for, divestments, the underlying rental income growth was 2.6% profit before sorry net income from property management of NOK320 million in the quarter and that means that the lower interest costs have more or less offset the negative effects of rental income. Value changes were minus NOK32 million in the quarter, mainly from financial instruments, leaving us then with a profit before tax of NOK280 million in the first quarter.
Our net asset value increased to 163 per share in the quarter, and the debt metrics continued to improve this quarter with our ICR now above 2.0 in the quarter. We were also very pleased to see that we have had a very active quarter in respect of financing and placed bonds of NOK3.1 billion in the quarter and closed also bank financing of NOK17 billion enabling us then to extend the debt maturity to 4 years
Q1 2025 Entra ASA Earnings Call Transcript
Apr 29, 2025
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