Intermediate update - Opening of over 1,000 student rooms for upcoming academic year

Opening of more than 1,000 student rooms in top cities

Xior will open around 1,050 new student rooms in September, which will generate rental income from then onwards. The properties are all situated at prime locations near popular universities. In Antwerp, the Felix (199 units) and Drie Eiken (334 units) residences will open, located in a green oasis close to campus Groenenborger and campus Drie Eiken (Faculty of Life Sciences). In Eindhoven, Boschdijk Veste will open a stone's throw from TU/Eindhoven, with which Xior has also signed an agreement for 150 of the 240 units. The Zaragoza residence in Spain (340 units) will open its doors on 26 September through an official opening ceremony with students, the neighbourhood and the municipality.

Rental season update

The rental season continues to run very smoothly in all countries. The overall letting rate, including new openings and deliveries, stands at 93% to date (excluding new deliveries 94%). The rental pace is still very high, with bookings continuing to flow in. Xior is therefore fully on track to achieve full occupancy again for the coming academic year.

Bridge loan ABN Amro fully repaid

Xior has fully repaid the outstanding balance (43 MEUR) of the bridge loan with ABN Amro. This full repayment is part of Xior's strategy to strengthen its balance sheet by reducing its debt ratio and improving its liquidity position. With this loan repaid, there are no loans maturing until Q3 2025.

___________________

_{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 Press Release - Intermediate update financing & operations - EN - 02.09.2024.pdf

PDF - 1.0 Mb

Download

Sandra Aznar

IR & ESG director

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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 September 2024, Xior Student Housing held a property portfolio worth approximately 3.3 billion EUR. 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
This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior 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.