Interim announcement of the Board of Directors. First quarter 2018 – ending on 31 March 2018

Interim results for the period from 1 January 2018 until 31 March 2018

Xior confirms its objectives for 2018: confirmation of expected minimum EPRA earnings of EUR 1.43 per share and associated minimum gross dividend of EUR 1.20 per share, while the amount of outstanding shares increased by 60% in 2017 and 2018.

EPRA earnings1 of EUR 0.28 per share2, i.e. an increase of 75% as compared to Q1 2017 – EUR 0.37 per share after IFRIC 21 adjustment.

EPRA earnings of KEUR 2,463, i.e. an increase of 184% as compared to Q1 2017 – KEUR 3,221 after IFRIC 21 adjustment.

Net rental result increases to KEUR 6,355, i.e. an increase of 81% as compared to Q1 2017.

Net result (IFRS) of KEUR 2,016.

Debt ratio of 51.69% as compared to 53.62% on 31 December 2017. Decreased debt ratio thanks to the contribution in kind in the amount of KEUR 18,117 in relation to the Enschede project on 28 March 2018.

Occupancy rate increases to 98.45% as compared to 97.9% as at 31 December 2017.

The property portfolio rises to EUR 512 million, which is an increase of 4.7% as compared to 31 December 2017, with 3,678 lettable student units. If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approximately EUR 625 million with more than 5,800 lettable student units.


In the PDF file added below, you can find the full press release with the interim results of the first quarter 2018 

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1 As of 30 June 2017, the definition of EPRA earnings has changed. Please refer to Chapter 10.8 of the Annual Financial Report for the change and the definition/calculation and the reasons behind this. We have also implemented this change in the comparative figures as of 31 March 2017.
2 The figures per share are based on the weighted average number of shares (depending on the respective dividend entitlements), unless stated otherwise.

 

For more information about this transaction please contact:
Xior Student Housing 
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be   |   info@xior.be
                                           
Christian Teunissen, CEO
Frederik Snauwaert, CFO
T +32 3 257 04 89

 

Xior - PB Q1 2018 results - ENG - 04.05.2018.pdf

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Xior Student Housing NV

 

Christian Teunissen

CEO, Xior Student Housing NV

Frederik Snauwaert

CFO, Xior Student Housing NV

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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