2024: Strong results driven by rental growth and full occupancy - Earnings and dividend per share confirmed at 2.21 EUR and 1.768 EUR

2025: Value creation through internal growth by executing pipeline and monetizing landbank, optimizing operations and further rental growth

FY 2024 results: strong results driven by rental growth and debt reduction below 50%1

  • Pro forma debt ratio and LTV below 50% thanks to:
    • Successful capital increases in June/July 2024 and January 2025
    • Full realisation of divestment plan
  • Substantial improvement of financial strength and portfolio through:
    • Deleveraging via sale of less efficient buildings and;
    • Reinvestment in new, profitable projects financed with new shares
    • Always while maintaining shareholder value and improving liquidity and covenants
  • Net rental income +15% YoY thanks to +6.52% LfL rental growth and 98% occupancy rate. Confirmation of market strength, pricing power as well as affordability student accommodation
  • 152 MEUR invested capex for a.o. completion and acquisition of approx. 2,000 new units and further pipeline development
  • Further growth of Xior’s unique pan-European platform: Portfolio grows net with 1,022 new units (+5%) in multiple countries including the fully realized divestment plan
  • 2024 earnings and dividend per share confirmed at 2.21 EUR EPS and 1.768 EUR DPS

Outlook 2025: Focus on internal growth through execution expanded pipeline, rental growth and optimisation operations

  • Objective to create value through internal growth to achieve earnings growth and keep debt ratio below 50%, to be achieved through:
    • Expected LfL rental growth of minimum 5% for 2025 without additional capex
    • Further optimisation of operations: Scale, better portfolio quality, cost control and streamlining of processes will lead to higher operational margins
    • Further execution of the active pipeline: Addition of approx. 1,200 new lettable units in 2025-2026 with a total investment value of approx. 135 MEUR
    • Rentabilisation of landbank2 pipeline: In addition to the existing active pipeline, additional projects are being launched from the own land bank that will rapidly contribute to profits through the delivery of at least 350 additional units between 2026-2027, to be financed from own working capital
  • Earnings and dividend forecast per share 2025: 2.21 EUR EPS and 1.768 EUR DPS (i.e. at least stable vs 2024 despite approx. 11% additional shares vs 2024)

Christian Teunissen (CEO):

“The strong 2024 results confirm the strength of our strategy. Thanks to successful capital increases and an effective divestment plan, we brought our debt ratio and LTV below 50%. This not only significantly improved our financial strength, but also led to further growth and quality improvements in our portfolio. Our net rental income increased by 15%, underlining the strength of the market and our pricing power. With an occupancy rate of 98%, we continue to ensure the affordability and attractiveness of student accommodation.

Looking ahead to 2025, we continue to focus on internal growth while maintaining a healthy debt ratio. We look confidently to the new rental season, and again expect high like-for-like rental growth of minimum 5%, while maintaining a continuous focus on optimising our operational model. Also the further execution of our pipeline and additional strategic investments in our landbank pipeline will enable us to create value for our shareholders and make a bigger, more efficient and stronger Xior. The largest pan-European student platform will continue to grow.”

1 Including the January 2025 capital increase.

2 The landbank pipeline refers to the projects that have been committed but not yet started.

___________________

For more information, please contact: 

Xior Student Housing NV
Frankrijklei 64-68
2000 Antwerp, Belgium
www.xior.be

Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89

Xior Investor Relations
Sandra Aznar
IR & ESG Director
ir@xior.be
T +32 3 257 04 89

 

Xior - Annual Results 2024 - EN - 04.02.2025.pdf

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Sandra Aznar

IR & ESG director

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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About Xior Student Housing NV

Xior Student Housing NV is the first Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain, Portugal, Germany, Poland, Denmark and Sweden. Within this property segment, Xior Student Housing offers a variety of accommodation, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. Since 2007, as owner-operator, Xior Student Housing has built high-quality, reliable student accommodation for students looking for the ideal place to study, live and relax. A place with that little bit extra, where every student immediately feels at home.

Xior Student Housing has been accredited as a public RREC under Belgian law since 24 November 2015. Xior Student Housing's shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 31 December 2024, Xior Student Housing held a property portfolio worth approximately 3.3 billion EUR. More information is available at www.xior.be.

Xior Student Housing NV, a Public RREC under Belgian law (BE-REIT)
Frankrijklei 64-68, 2000 Antwerp, Belgium
BE 0547.972.794 (Antwerp Register of Legal Entities, Antwerp Division)

Disclaimer

This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior in relation to the expected future performance of Xior and of the market in which it operates ('forward-looking statements'). By nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, that appear justified at the time at which they are made but which may or may not turn out to be accurate, and there is a risk that the forward-looking statements will not be realised. Some events are difficult to predict and may depend on factors outside of Xior's control. In addition, the forward-looking statements are only valid on the date of this press release. Statements in this press release relating to past trends or activities may not be interpreted as an indication that such trends or activities will persist in future. Neither Xior nor its representatives, officers or advisers can guarantee that the parameters upon which the forward-looking statements are based are free of errors, nor can they indicate, guarantee or predict whether the expected results set out in such a forward-looking statement will ultimately be achieved. Actual profits, the financial situation and Xior's performance or results may therefore differ substantially from the information projected or implied in forward-looking statements. Xior expressly does not accept any obligations or guarantees as to public updates or reviews of forward-looking statements unless required to do so by law. This press release has been prepared in Dutch and has been translated into English and French. In case of discrepancies between the different versions of this press release, the Dutch version will prevail.

Contact

Frankrijklei 64-68 2000 Antwerp, Belgium Belgium

+32 3 257 04 89

info@xior.be

www.xior.be