Entra Asa (ENTOF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.880 Welcome to ENFRA's fourth quarter presentation brought to you here from Oslo. 00:00:05.880 -- 00:00:09.626 Let me start by enlightening you on what you can see on this picture. 00:00:09.626 -- 00:00:15.274 This is Kristian Krogsgate 2 in Oslo, our planned 00:00:15.274 -- 00:00:20.342 redevelopment project, which we in the quarter announced that we have entered 00:00:20.342 -- 00:00:24.550 into a partnership with Skanska to develop. 00:00:24.550 -- 00:00:28.215 So, moving on to the highlights. 00:00:28.215 -- 00:00:31.297 Rental income of 787 00:00:31.300 -- 00:00:36.787 million in the quarter. That is 20 million up compared to same quarter 00:00:36.787 -- 00:00:42.456 last year, meaning also that the effects from previous divestments 00:00:42.456 -- 00:00:47.843 have been offset by an increase through projects feeding 00:00:47.843 -- 00:00:51.466 into the management portfolio. 00:00:51.500 -- 00:00:55.365 Net income from property management of 425 00:00:55.389 -- 00:01:00.702 million in the quarter, that is up with 108 million compared 00:01:00.702 -- 00:01:06.155 to same quarter last year, mainly explained by the completion and divestment 00:01:06.155 -- 00:01:10.705 of our project in Trondheim. The 00:01:10.705 -- 00:01:15.873 net value changes in the quarter were 56 million, and 00:01:15.873 -- 00:01:21.362 in that we have also included the positive value uplifts 00:01:21.362 -- 00:01:24.844 on the investment properties of 111 00:01:24.928 -- 00:01:26.330 million. 00:01:26.330 -- 00:01:29.974 Profit before tax of 476 00:01:29.974 -- 00:01:35.161 million in the quarter and our EPRA NRV is up with 2 00:01:35.161 -- 00:01:40.427 kroner per share to 169 in the fourth quarter. 00:01:40.427 -- 00:01:45.934 We've had a good quarter in ...