Rental income was up by three per cent to NOKm 602 (587) in Q2 2021 and by two per cent to NOKm 1,193 (1,174) for the first six months of 2021 compared to the same period last year.
Net income from property management was up by six per cent to NOKm 370 (350) in the quarter and NOKm 740 (706) for the first six months. Net value changes were NOKm 756 (590) in the quarter and NOKm 1,637 (254) for the first six months.
Profit before tax was NOKm 1,126 (940) in the quarter and NOKm 2,417 (997) for the first six months of 2021.
Entra's board has decided to pay a semi-annual dividend of NOK 2.50 per share for the first six months of 2021, compared to NOK 2.40 per share for the same period last year. The dividend will be paid on 12 October 2021 to all shareholders as of 1 October 2021.
Entra has signed new and renegotiated leases with annual rent totalling NOK 93 million (36,600 sqm) in the quarter and net letting came in at NOKm 13. As of 30.06.21 the occupancy in the management portfolio was 97.4 per cent (97.6 per cent). The average unexpired lease term of contracts was 6.9 (6.8) years when including the project portfolio.
During the quarter, Entra acquired Fyrstikkalléen 1 at Helsfyr in Oslo and Lars Hilles gate 19 in Bergen and agreed to increase its ownership in Oslo S Utvikling from 1/3 to 50 per cent. Entra has also finalised the refurbishment project in Grønland 32 in Drammen.