Entra Management

Management criteria checks 4/4

Entra's CEO is Sonja Horn, appointed in Jul 2019, has a tenure of 5.08 years. total yearly compensation is NOK6.60M, comprised of 64% salary and 36% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth NOK7.10M. The average tenure of the management team and the board of directors is 5.1 years and 4.3 years respectively.

Key information

Sonja Horn

Chief executive officer

NOK 6.6m

Total compensation

CEO salary percentage	64.0%
CEO tenure	5.1yrs
CEO ownership	0.03%
Management average tenure	5.1yrs
Board average tenure	4.3yrs

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
Jun 30 2024	n/a	n/a	-NOK 5b
Mar 31 2024	n/a	n/a	-NOK 6b
Dec 31 2023	NOK 7m	NOK 4m	-NOK 5b
Sep 30 2023	n/a	n/a	-NOK 3b
Jun 30 2023	n/a	n/a	-NOK 4b
Mar 31 2023	n/a	n/a	-NOK 3b
Dec 31 2022	NOK 7m	NOK 4m	-NOK 634m
Sep 30 2022	n/a	n/a	NOK 2b
Jun 30 2022	n/a	n/a	NOK 6b
Mar 31 2022	n/a	n/a	NOK 7b
Dec 31 2021	NOK 8m	NOK 4m	NOK 5b
Sep 30 2021	n/a	n/a	NOK 6b
Jun 30 2021	n/a	n/a	NOK 7b
Mar 31 2021	n/a	n/a	NOK 6b
Dec 31 2020	NOK 6m	NOK 4m	NOK 5b
Sep 30 2020	n/a	n/a	NOK 3b
Jun 30 2020	n/a	n/a	NOK 2b
Mar 31 2020	n/a	n/a	NOK 2b
Dec 31 2019	NOK 5m	NOK 3m	NOK 3b
Sep 30 2019	n/a	n/a	NOK 3b
Jun 30 2019	n/a	n/a	NOK 3b
Mar 31 2019	n/a	n/a	NOK 2b
Dec 31 2018	NOK 3m	NOK 2m	NOK 3b
Sep 30 2018	n/a	n/a	NOK 3b
Jun 30 2018	n/a	n/a	NOK 4b
Mar 31 2018	n/a	n/a	NOK 4b
Dec 31 2017	NOK 9m	NOK 2m	NOK 4b

Compensation vs Market: Sonja's total compensation ($USD618.31K) is below average for companies of similar size in the UK market ($USD2.14M).

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

CEO

Sonja Horn (51 yo)

5.1yrs

Tenure

NOK 6,604,000

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
Sonja Horn	Chief Executive Officer	5.1yrs	NOK 6.60m	0.030% NOK 7.1m
Kjetil Hoff	Chief Operating Officer	5.6yrs	NOK 3.47m	0.0063% NOK 1.5m
Hallgeir Ostrem	Executive Vice President of Legal & Procurement	10.8yrs	NOK 3.96m	0.0097% NOK 2.3m
Kristine Hilberg	Executive Vice President of Human Resources	4.7yrs	NOK 2.76m	0.0075% NOK 1.7m
Per Ulseth	Executive Vice President of Project Development	5.9yrs	NOK 3.31m	0.0095% NOK 2.2m
Carine Blyverket	Executive Vice President of Market & Business Development	no data	NOK 2.05m	no data
Ole Gulsvik	Chief Financial Officer	no data	no data	no data
Tore Lia	Interim EVP Finance and Investments	4.6yrs	no data	no data
Knut Sorngard	Head of Group Accounting	no data	no data	no data
Tone Omsted	Head of Investor Relations	no data	no data	no data
Linnea Scharning	Operations Manager	no data	NOK 40.00k	no data
Stine Hostad	Head of Entra Trondheim	no data	no data	no data

5.1yrs

Average Tenure

51yo

Average Age

Experienced Management: ENTRAO's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ottar Ertzeid	Independent Chair of the Board	2.3yrs	NOK 633.00k	0.011% NOK 2.6m
Widar Salbuvik	Independent Director	8.3yrs	NOK 420.00k	0.011% NOK 2.6m
Joacim Sjoberg	Board Member	2.3yrs	NOK 362.00k	no data
Hege Toft Karlsen	Independent Vice Chair	3.3yrs	NOK 394.00k	no data
Camilla Aldona Tepfers	Independent Director	5.3yrs	NOK 314.00k	0.00082% NOK 192.1k
Erling Nedkvitne	Employee Representative Director	6.3yrs	NOK 362.00k	0.0091% NOK 2.1m
Marit Rasmussen	Employee Representative Board Member	4.3yrs	NOK 314.00k	0.00025% NOK 58.6k

4.3yrs

Average Tenure

59yo

Average Age

Experienced Board: ENTRAO's board of directors are considered experienced (4.3 years average tenure).

Entra Management

Management criteria checks 4/4

Key information

Recent management updates

No independent directors

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

No independent directors

No independent directors

Recent updates

An undisclosed buyer acquired Hotel Savoy AS from Entra ASA (OB:ENTRA) for approximately NOK 230 million.

No independent directors

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

Second quarter 2023 earnings released

No independent directors

No independent directors

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 4.8% 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

Less than half of directors are independent

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

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

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

Less than half of directors are independent

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.

Less than half of directors are independent

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.

Less than half of directors are independent

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

Less than half of directors are independent

Upcoming dividend of kr2.50 per share

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

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.

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

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