Interim announcement by the Board of Directors - First quarter 2022 - ending on 31 March 2022

Results in line with expectations. Strong start of rental season for the upcoming academic year. Committed pipeline on track and hedged against rising construction prices.

Key figures for Q1 2022 in line with expectations

  • EPRA earnings 1 – group share of EUR 0.37/share – (EUR 0.47 after IFRIC 21 adjustment)
  •  EPRA earnings – group share of KEUR 10,171, a 41% increase compared to Q1 2021 – (KEUR 13,029 after IFRIC 21 adjustment)
  • Net rental result increases to KEUR 24,817, a 41% increase compared to Q1 2021
  • EPRA NAV/share of EUR 39.54 compared to EUR 38.63 as at 31/12/2021
  • EPRA NTA/share of EUR 38.8 compared to EUR 37.92 as at 31/12/2021
  • Debt ratio of 49.10% compared to 47.58% as at 31/12/2021
  • Occupancy rate Q1 2022: 98.03% compared to 98% for the whole of 2021
  • The property portfolio rose to MEUR 2,012 with 13,992 lettable student units. If the entire committed pipeline is completed, the portfolio will rise to approx. MEUR 2,800, with over 21,000 lettable student units.
  • Confirmation of earnings forecast: EPS of EUR 2.00 for 2022 (+11%) & EUR 2.20 for 2023 (+10%)

Another huge rush for student rooms in all countries

  • Just like last year, there is a massive search for rooms in all four countries Xior is operating in. The rental teams received a large number of applications in early March, again sooner than usual, and several cities have been rented out already.
  • Like last year, the rental season started significantly earlier and higher retention rates were observed (up to 80%). In countries where the rental season has not yet officially started, applications are already well underway, resulting in waiting lists.
  • The implemented rent increases have no effect on the increasing demand for student rooms.

Future-proof Xior: extensive pipeline & further professionalization

  • Xior has an extensive pipeline totalling approx. 7,000 units spread across the four countries where Xior is already active and a first development project in Poland.
  • This development pipeline is on track: thanks to fixed price agreements and the majority of projects being developed via turnkey agreements, Xior is not experiencing any negative impact from rising construction prices at the moment.
  • In addition to portfolio growth, Xior also continues to grow and professionalise internally:
    • New Human Capital strategy supported by expansion HC-team
    • Strengthening of the workforce to over 200 collaborators, with a redesign of the internal organisation
    • Further focus on compliance & risk: creation of an Ethics & ESG committee, expansion of internal audit and policies, etc.

1 Xior Student Housing NV uses alternative performance measures (APMs) to measure and monitor its operational performance. The European Securities and Markets Authority (ESMA) has issued guidelines applying as from 3 July 2016 for the use and explanation of alternative performance measures. Chapter 10.8 of the Annual Financial Report 2021 includes the terms Xior regards as APMs. The APMs are marked with and are accompanied by a definition, an objective and a reconciliation (see IX and X of this Press Release), as required by the ESMA guideline

 

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

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 - PB Q1 2022 results - EN - 26.04.2022.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