Annual Results 2023 per 31.12.2023

Strong results driven by rental growth - EPS & DPS 2023 guidance slightly exceeded at €2.21/€1.768 (+6.8%)

Christian Teunissen, CEO: 
“I am pleased to announce, once again, strong and solid annual results,
showcasing the strength of our resilient business model and the pricing power
of the student housing sector. As we continue forward, we prioritize efforts to
lower our LTV, ensuring sustainable growth and value creation for our investors
and stakeholders. A great achievement of the whole team in these challenging
markets.”

___________________

FY 2023 results: Strong results driven by rental growth

  • Strong results thanks to earnings growth & larger and more efficient portfolio
  • LfL rental growth at peak levels of +6.8% (Q4 ’23 YoY) in combination with occupancy at 98% underscoring the pricing power and resilience within the student housing sector
  • EPS & DPS 2023 guidance slightly exceeded at 2.21 EUR and 1.768 EUR (+6.8%) YoY
  • Substantial improvement of portfolio quality through realised divestment of 37 smaller, noncore, less sustainable and underperforming assets (c. 110 MEUR overall sold around book value)
  • Refinancing H1 2024 secured or in advanced negotiations

___________________

Outlook 2024

  • Outlook 2024: notwithstanding impact of divestment programme and ABB, EPS & DPSguidance confirmed as at least stable with 2023, at 2.21 EUR and 1.768 EUR, respectively
  • Target to bring LTV below 50% remains via further divestments and/or joint venture. Xior is in active discussion with specific potential JV partner
  • Anticipation of a promising start for new rental season, starting March 2024. Targeting rental
  • LfL growth around 5% for 2024

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

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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 Communiqué 2023 - EN - 08.02.2024.pdf

PDF 1.9 MB
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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 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