Interim announcement of the Board of Directors. Third quarter 2020 – ending on 30 September 2020

Reaffirmation of profit and dividend forecast for 2020

Interim results for the period 1/1/2020 – 30/09/2020

Q3 2020 results according to expectations. For the full financial year 2020, Xior reaffirms the previously announced EPRA earnings forecast of 1.70 EUR (an increase of 6.3%) and thereby the envisaged gross dividend of 1.36 EUR (an increase of 4.6%).

The EPRA earnings – group share amount to 1.10 EUR per share1 and amount to 1.13 EUR per share after IFRIC 21 adjustment. The EPRA earnings – group share amount to 21,269 KEUR, an increase of 25% compared to Q3 2019 – 21,845 KEUR after adjustment for IFRIC 21.

Net rental result rose to 41,057 KEUR, an increase of 29% compared to Q3 2019.

EPRA NAV per share2 of 35.55 EUR compared to 35.96 EUR as of 31 December 2019.
IFRS NAV per share3 of 31.47 EUR compared to 32.71 EUR as of 31 December 2019.

Debt ratio of 53.62%, taking into account the contribution in kind on 7 October 20204, this falls to 52.29%.

Occupancy rate amounts to 97.58% over the first nine months of 2020 compared to 98% for the full year 2019. The majority of the rents for Q3 were received and the collection rate is in line with the same period last year.

The property portfolio rose to 1,392 MEUR with 9,9575 lettable student units. If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approx. 1,800 MEUR, with almost 15,000 lettable student units.

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1 Figures per share are calculated on the basis of the weighted average number of shares (in function of the respective dividend entitlement), unless stated otherwise.
2 Based on the number of outstanding shares.
3 Based on the number of outstanding shares.
4 See press release of 7 October 2020 regarding the acquisition of 365 Rooms in Brussels.
5 This number takes into account the lettable units of Uhub Benfica and Campus Asprela, since the properties have been completed. These assets are currently still held through a JV structure, so the value is not included in the investment property.

Find the full press release with the interim results for the period 1/1/2020 – 30/09/202019 in the PDF file added below.

For more information, please contact:
Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

Christian Teunissen, CEO
Frederik Snauwaert, CFO
Bastiaan Grijpink, 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 2020 results - EN - Final.pdf

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Christian Teunissen

CEO, Xior Student Housing NV

Frederik Snauwaert

CFO, Xior Student Housing NV

Sandra Aznar

Xior Investor Relations, 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