Entra ASA reports mixed Q2 results with higher occupancy

Entra ASA reported rental income dropped to 770 million Norwegian kroner in Q2 from 853 million kroner previously, with first-half income falling to 1.54 billion kroner from 1.73 billion kroner.

However, net income from property management increased to 352 million kroner from 348 million kroner in the quarter, driven by lower interest costs. Net value changes were positive at 191 million kroner.

The company achieved strong gross letting with annual rent totalling 203 million kroner and net letting of 22 million kroner. Occupancy in the management portfolio rose to 94.6 percent by June 30.