SB1 Markets reiterates its Neutral rating and unchanged price target of 100 Norwegian kroner for property company Entra after a report deemed neutral.
Profit from property management of 306 million Norwegian kroner was 5 percent below consensus, mainly due to higher financing costs. Property values were written down by 1.4 percent, more than expected, SB1 Markets writes.
Positive net letting and raised rental forecasts simultaneously offset the weaknesses. SB1 Markets expects limited forecast changes.
