With flexible properties in attractive locations, a strong tenant base with long leases and a solid financial position with a NOK 6.6bn liquidity reserve, we believe Entra is well positioned to handle the current turbulence now prevalent in the property sector and financial markets. Despite the recent share price uptick, Entra is still trading at a 22% EPRA/NAV discount which is unwarranted in our view. TP down to NOK 167 (170), recommendation up to Buy (Hold).
