Annual Results 2022 Xior Student Housing

Annual results per 31.12.2022

! Erratum 17.02.2023 – consolidated cash flow overview – p. 26 adjusted, figures are marked in green in the PDF file added !

Christian Teunissen, CEO :
“I am incredibly proud of what Xior has achieved in 2022. We realized the biggest ever leap forward in results with an impressive +15% rise in earnings per share over 2021. At the same time, we completed the biggest acquisition in the Company’s history – the acquisition of Basecamp, bringing the portfolio past the 3 billion euro mark. These outstanding results are thanks to the excellent performance of the entire Xior team, proving once again that they are capable of stepping up and succeeding in changing circumstances. This showcases Xior’s rock-solid business model as a pure player in student housing, a defensive sector with unique potential, which we are now, thanks to our Europe-wide platform, better poised than ever to fully exploit.

Looking forward to 2023 and beyond, our core focus will turn to managing our leverage while safeguarding shareholder value. Our divestment program announced at the Q3 results is still fully ongoing, further divesting underperforming, least sustainable and non-core assets. On the operational side, fully capturing the positive effects of integration and digital transformation will be the main mission, leading to internal growth and value creation. The strong fundamentals of student housing, our proven pricing power and our scalable platform put Xior in a unique position for a bright future.“

2022: Xior’s best results on record

  • Highest-ever earnings and dividend growth per share (2.07 EUR & 1.66 EUR resp. and both 15% higher)
  • Rock-solid business model with consistent high occupancy and proven pricing power (Q4’22 LfL +4.2%)
  • Portfolio increase by more than 1 bn EUR to reach 3 bn EUR, now spread over 8 countries
  • Realization of the nr. 1 student housing platform in continental Europe thanks to landmark transaction

2023: Strengthening the essentials

  • Main focus to bring down LTV to c. 50% maximum, safeguarding long-term shareholder value
  • Focus on internal value creation through integration and ambitious digitisation
  • Stepping up ESG efforts with CO2 reduction plan and a new Sustainable Finance Framework
  • New rental season off to flying start: thousands on waiting lists, inflation to be fully passed through in Belgium, demonstrating Xior’s consistent pricing power
  • Reinforcing for the long-term by revising guidance for 2023 to at least 2.20 EUR EPS and 1.76 EUR DPS, both still 6% up on 2022

Find the full press release in the PDF file added below.

___________________

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

Xior - Annual Communiqué 2022 - EN - 15.02.2023 - erratum 17.02.2023.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