Annual Communiqué – Publication of Annual Results 2021

2021: Mission accomplished / 2022-2023: New growth plan with minimum 10% EPS growth per year

2021: strong rental season reflected in strong financial results with portfolio growing to approx. EUR 2 billion

  • EPRA earnings per share increases by 6% in line with expectations (EUR 1.80)
  • Anticipated dividend of EUR 1.44 per share confirmed, a solid increase of 6% considering the 26% increase in number of shares
  • Sound balance sheet with sufficient firepower for further expansion (debt ratio of 47.58%)
  • Successful acquisition strategy with approx. MEUR 500 of new secured investments in a demonstrated crisis-proof real estate segment with a high stable occupancy of 98%
  • Portfolio grows by 26% to EUR 1.97 billion

New growth plan 2022-2023 with minimum 10% EPS growth per year

  • Further increase of EPRA earnings per share by at least 10% in both 2022 and 2023
  • Target EPRA earnings per share of EUR 2.00 in 2022 and EUR 2.20 in 2023
  • Structural imbalance between supply and demand is expected to lead to rent increases above inflation (like-for-like growth). 2022-2023 academic year requests are already flooding in.
  • Portfolio grows to approx. EUR 2.6 billion and more than 20,000 lettable units after completion of the committed pipeline

Acceleration of ESG efforts with focus on:

  • People (development of new human capital strategy, successful employee survey and relaunch of corporate wellbeing programme “Xiorize”)
  • Planet (increase in green financing, setting CO2 reduction targets in accordance with SBTi and start of new energy manager)
  • Process (digitalisation and completion of policy framework based on Values and Code of Conduct)

Christian Teunissen, CEO Xior:  "In 2021, Xior took another big step forward, and more importantly, was able to balance growth, sustainability and financial results. With this, we have laid the foundation for the next leap, with the announcement of a new, ambitious growth plan. This plan focuses on both accelerating our external growth and achieving our internal growth in the existing portfolio. ESG efforts within the #xiorfamily will also be shifted up a gear, building on the solid foundation set in 2021. "

Key figures for FY 2021 and outlook

  • EPRA earnings of EUR 1.80/share1, in line with expectations, a strong increase of 6% compared to 31/12/2020, considering the 26% increase in the number of shares.
  • Proposed dividend of EUR 1.44/share, a 6% increase compared to 2020, payout ratio remains at the legal minimum of 80%.
  • EPRA earnings – group share of EUR 1.80/share. The EPRA earnings – group share totals KEUR 44,379 in 2021, an increase of 33% compared to 2020.
  • Net rental result rises up to KEUR 79,599 which is a 37% increase compared to KEUR 57,896 in 2020.
  • EPRA NAV/share of EUR 38.63 compared to EUR 34.87 as at 31/12/2020.
  • EPRA NTA/share of EUR 37.92 compared to EUR 33.99 as at 31/12/2020.
  • Debt ratio of 47.58% compared to 54.18% as at 31/12/2020. Following the successful completion of the capital increases of MEUR 179 in March 2021 and of MEUR 116 in December 2021, the debt ratio fell again at year-end.
  • Stable occupancy rate of 98%. The vast majority of rents have been collected for Q4, and the recovery rate (97.2%) is in line with the same period last year (96.8%).
  • The property portfolio rose to MEUR 1,967 (an increase of 26% compared to 31/12/2020), with 13,755 lettable student units, thanks to Xior’s successful acquisition strategy and a positive property revaluation.
  • If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approx. EUR 2.6 billion with more than 20,000 lettable student units. After completion of the pipeline, the annualised rent will reach approx. MEUR 136.
  • Structural imbalance between supply and demand is expected to lead to rent increases above inflation (like-for-like growth). In addition, utility costs are also protected against inflation.
  • New growth plan for 2022-2023 in which Xior foresees growth in EPRA earnings per share of at least 10% per year when the current growth strategy is implemented.
  • Outlook for 2022: EPRA earnings of EUR 2.00 per share and a dividend of EUR 1.60 per share.
  • Outlook for 2023: EPRA earnings of EUR 2.20 per share and a dividend of EUR 1.76 per share.

1 Figures per share are calculated based on the weighted average number of shares, unless stated otherwise.

Find the full press release in the PDF file added below.
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For more information, please contact:

Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

Xior Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89

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

Xior PB - Annual Results 2021 - EN - final - 16.02.2022.pdf

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Sandra Aznar

Head of Investor Relations

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 30 June 2025, Xior Student Housing held a property portfolio worth approximately EUR 3.5 billion. 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
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