Interim announcement of the Board of Directors Third quarter 2018 – ending on 30 September 2018

Interim results for the period from 1 January 2018 until 30 September 2018

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

EPRA earnings of EUR 1.03 per share1, i.e. an increase of 17% compared to Q3 2017 – EUR 1.05 per share after IFRIC 21 adjustment.

EPRA earnings of KEUR 10,675, i.e. a 90% increase compared to Q3 2017 – KEUR 10,950 after IFRIC 21 adjustment.

Net rental result increases to KEUR 20,808, i.e. an increase of 71% compared to Q3 2017.

Net result (IFRS) of KEUR 6,099 due to fluctuations in the valuation of the IRS's (EUR -1.045 million) and deferred taxes (EUR -4.517 million)

The successful capital increase of EUR 134 million in June 2018 ensured that the debt ratio fell to 39.26% compared to 53.62% as of 31 December 2017. Thanks to the continued implementation of the growth strategy, the debt ratio increased to 48.50% as of 30 September 2018.

Occupancy rate increases to 98,65% compared to 97.7% as of 30 September 2017.

The property portfolio rose to EUR 716 million, which is an increase of 46% compared to 31 December 2017, with 4,173 lettable student units. If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approximately EUR 840 million with approximately 6,750 lettable student units.

1 The figures per share are based on the weighted average number of shares (depending on the respective dividend entitlements), unless stated otherwise.
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In the PDF file added below, you can find the full press release with the interim results of the first quarter 2018 


For more information about this transaction please contact:
Xior Student Housing 
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be
                                           
Christian Teunissen, CEO
Frederik Snauwaert, CFO
Arne Hermans, CIO
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 Q3 2018 results.pdf

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Xior Student Housing NV

 

Christian Teunissen

CEO

Frederik Snauwaert

CFO

Arne Hermans

CIO

Sandra Aznar

Head of Investor Relations

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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