Entra Management

Management criteria checks 4/4

Entra's CEO is Sonja Horn, appointed in Jul 2019, has a tenure of 4.75 years. total yearly compensation is NOK7.11M, comprised of 56.8% salary and 43.2% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth €461.86K. The average tenure of the management team and the board of directors is 5 years and 4 years respectively.

Key information

Sonja Horn

Chief executive officer

kr7.1m

Total compensation

CEO salary percentage	56.8%
CEO tenure	4.8yrs
CEO ownership	0.03%
Management average tenure	5yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sonja Horn's remuneration changed compared to Entra's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-kr6b
Dec 31 2023	n/a	n/a	-kr5b
Sep 30 2023	n/a	n/a	-kr3b
Jun 30 2023	n/a	n/a	-kr4b
Mar 31 2023	n/a	n/a	-kr3b
Dec 31 2022	kr7m	kr4m	-kr634m
Sep 30 2022	n/a	n/a	kr2b
Jun 30 2022	n/a	n/a	kr6b
Mar 31 2022	n/a	n/a	kr7b
Dec 31 2021	kr8m	kr4m	kr5b
Sep 30 2021	n/a	n/a	kr6b
Jun 30 2021	n/a	n/a	kr7b
Mar 31 2021	n/a	n/a	kr6b
Dec 31 2020	kr6m	kr4m	kr5b
Sep 30 2020	n/a	n/a	kr3b
Jun 30 2020	n/a	n/a	kr2b
Mar 31 2020	n/a	n/a	kr2b
Dec 31 2019	kr5m	kr3m	kr3b
Sep 30 2019	n/a	n/a	kr3b
Jun 30 2019	n/a	n/a	kr3b
Mar 31 2019	n/a	n/a	kr2b
Dec 31 2018	kr3m	kr2m	kr3b
Sep 30 2018	n/a	n/a	kr3b
Jun 30 2018	n/a	n/a	kr4b
Mar 31 2018	n/a	n/a	kr4b
Dec 31 2017	kr9m	kr2m	kr4b

Compensation vs Market: Sonja's total compensation ($USD645.29K) is below average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Sonja's compensation has been consistent with company performance over the past year.

CEO

Sonja Horn (50 yo)

4.8yrs

Tenure

kr7,114,000

Compensation

Ms. Sonja Horn serves as the Chief Executive Officer at Entra ASA since July 1, 2019. She is the Owner of Horn Collection DA and Artha Holding AS. Ms. Horn served as a Executive Vice President of Property...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kjetil Hoff	Chief Operating Officer	5.3yrs	kr3.47m	0.0053% NOK 83.8k
Hallgeir Ostrem	Executive Vice President of Legal & Procurement	10.5yrs	kr3.96m	0.0087% NOK 136.9k
Kristine Hilberg	Executive Vice President of Human Resources	4.3yrs	kr2.76m	0.0043% NOK 68.5k
Anders Olstad	Deputy Chief Executive Officer	no data	kr4.43m	0.039% NOK 606.8k
Per Ulseth	Executive Vice President of Project Development	5.6yrs	kr3.31m	no data
Carine Blyverket	Executive Vice President of Market & Business Development	no data	kr2.05m	no data
Sonja Horn	Chief Executive Officer	4.8yrs	kr7.11m	0.029% NOK 461.9k
Ole Gulsvik	Chief Financial Officer	no data	no data	no data
Tore Lia	Head of Finance & Investments	4.3yrs	no data	no data
Tone Omsted	Head of Investor Relations	no data	no data	no data
Linnea Scharning	Operations Manager	no data	kr40.00k	no data
Stine Hostad	Head of Entra Trondheim	no data	no data	no data

5.0yrs

Average Tenure

50.5yo

Average Age

Experienced Management: 2EN's management team is seasoned and experienced (5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ottar Ertzeid	Independent Chair of the Board	2yrs	kr633.00k	no data
Widar Salbuvik	Independent Director	8yrs	kr420.00k	no data
Joacim Sjoberg	Board Member	2yrs	kr235.00k	no data
Hege Toft Karlsen	Independent Vice Chair	3yrs	kr394.00k	no data
Camilla Aldona Tepfers	Independent Director	5yrs	kr314.00k	no data
Erling Nedkvitne	Employee Representative Director	5.9yrs	kr362.00k	0.0084% NOK 133.1k
Marit Rasmussen	Employee Representative Board Member	4yrs	kr314.00k	no data

4.0yrs

Average Tenure

58yo

Average Age

Experienced Board: 2EN's board of directors are considered experienced (4 years average tenure).

Entra Management

Management criteria checks 4/4

Key information

Recent management updates

Entra Appoints Ole Anton Gulsvik as Chief Financial Officer, Effective at the Latest 1 August 2024

Entra ASA Appoints Ole Gulsvik as CFO

Olstad Announces Resignation of Anders Olstad as CFO

Olstad Announces Resignation of Anders Olstad as CFO

Less than half of directors are independent

Less than half of directors are independent

Recent updates

First quarter 2024 earnings released

Full year 2023 earnings released: kr29.92 loss per share (vs kr3.48 loss in FY 2022)

Full year 2023 earnings released

Entra Appoints Ole Anton Gulsvik as Chief Financial Officer, Effective at the Latest 1 August 2024

Entra ASA Appoints Ole Gulsvik as CFO

Entra ASA to Report Q3, 2024 Results on Oct 17, 2024

Olstad Announces Resignation of Anders Olstad as CFO

Olstad Announces Resignation of Anders Olstad as CFO

Second quarter 2023 earnings released

Nrep As agreed to acquire two properties in Oslo from Entra ASA (OB:ENTRA) for NOK 1.5 billion.

Upcoming dividend of kr2.50 per share at 4.9% yield

Full year 2022 earnings released: kr3.48 loss per share (vs kr27.81 profit in FY 2021)

Entra ASA Proposes Semi-Annual Dividend, Payable on May 4, 2023

CapMan Nordic Real Estate III the fund managed by CapMan Oyj and CapMan Real Estate Oy entered into an agreement to acquire Sørkedalsveien 6.

Entra ASA to Report Q1, 2023 Results on Apr 25, 2023

Less than half of directors are independent

Third quarter 2022 earnings released

Entra ASA Decides to Pay Out A Semi-Annual Dividend for the First Half of 2022, Payable on or Around 2 November 2022

Investor sentiment deteriorated over the past week

Second quarter 2022 earnings released

Investor sentiment deteriorated over the past week

Less than half of directors are independent

Entra ASA Approves Semi-Annual Dividend for the Second Half of 2021, Payable on or About May 3, 2022

Upcoming dividend of kr2.60 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Entra ASA Proposes Semi-Annual Cash Dividend, Payable on May 3, 2022

Entra ASA (OB:ENTRA) completed the acquisition of Oslo Areal AS from Gjensidige Forsikring ASA (OB:GJF) and AMF Pensionsförsäkring AB.

SVG Property AS entered into an agreement to acquire a 50% stake in Hinna Park Eiendom As from Entra ASA (OB:ENTRA) for approximately NOK 960 million.

Fastighets AB Balder (publ) (OM:BALD B) intends to make an offer to acquire remaining 66.33% stake in Entra ASA (OB:ENTRA) from a group of shareholders for approximately NOK 870 million

Third quarter 2021 earnings released: EPS kr4.95 (vs kr5.44 in 3Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of kr2.50 per share

Second quarter 2021 earnings released: EPS kr4.54 (vs kr3.88 in 2Q 2020)

Entra ASA (OB:ENTRA) and Linstow AS acquired remaining 33.3% stake in Oslo S Utvikling AS from Bane NOR Eiendom AS for NOK 950 million.

Entra ASA (OB:ENTRA) signed an agreement to acquire Fyrstikkalléen 1 at Helsfyr in Oslo for NOK 2.4 billion.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) acquired 5% stake in Entra ASA (OB:ENTRA).

Entra ASA Signs New Lease Contracts with Volue and WSP for a New-Build Project in Holtermannsveg 1-13 in Trondheim

Entra ASA Announces New Lease Contract in Fredrik Selmers Vei 6 in Oslo

Castellum AB (publ) (OM:CAST) cancelled the acquisition of remaining 91.8% stake in Entra ASA (OB:ENTRA) from Folketrygdfondet and others.

Entra ASA (OB:ENTRA) acquired Lagårdsveien 6 in Stavanger for approximately €130 million.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) made an offer to acquire Entra ASA (OB:ENTRA) for NOK 34.6 billion.

Entra ASA Announces New Lease Contract in Schweigaardsgate 15 in Oslo, Planning to Start Redevelopment Project

Castellum AB (publ) (OM:CAST) made an offer to acquire remaining 91.8% stake in Entra ASA (OB:ENTRA) for NOK 28.4 billion.

Castellum AB (publ) (OM:CAST) acquired 8.24% stake in Entra ASA (OB:ENTRA) from Nærings- Og Fiskeridepartementet for NOK 2.5 billion.

Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) cancelled the acquisition of Entra ASA (OB:ENTRA) for NOK 30 billion.

Market bids up stock over the past week

Independent Deputy Chair of the Board recently bought €59k worth of stock

New 90-day low: €10.81

Entra ASA Announces New Lease Contract in Tordenskiolds Gate 12 in Oslo

Third quarter earnings released

Entra ASA Announces New Lease Contract in St. Olavs Plass 5 in Oslo

Entra ASA to Report Q4, 2021 Results on Feb 11, 2022

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age