New rental season takes flying start – First in Belgium: Xior launches Green CP/MTN programme – Q1 figures in line with expectations

New rental season takes flying start

  • Massive search for rooms in Belgium: in Ghent and Leuven, the demand for rooms was multiple times higher than the current supply. These cities are now as good as fully let. Other cities are also receiving more applications than usual, and open house days are fully booked several days in advance.
  • In the Netherlands, the rental season does not start until mid-May, but here too, hundreds of students are already standing in line. In Spain & Portugal, where the rental peak is even later, Xior is already seeing more applications and renewals.
  • In almost all cities, the rental season started earlier than usual and higher retention rates are observed, even exceeding last year's levels. Corona or not, students are all too eager to move into a student room. The next academic year looks very promising for the entire Xior portfolio.

Launch of first Green CP/MTN1 programme in Belgium

  • Xior diversifies her liquidity and financing position with an inaugural Green CP/MTN programme of MEUR 100. This is the first commercial paper programme with a green character on the Belgian market.

Key figures Q1 2021

  • Q1 2021 results in line with expectations.
  • EPRA earnings – group share of EUR 0.33/share2 – (EUR 0.42/share after IFRIC 21 adjustment).
  • EPRA earnings – group share of KEUR 7,199, which is an increase of 20% as compared to Q1 2020 – (KEUR 9,339 after IFRIC 21 adjustment).
  • Net rental result increased to KEUR 17,627, a 26% increase compared to Q1 2020.
  • EPRA NAV/share3 of EUR 36.35 compared to EUR 34.87 at 31/12/2020.
  • EPRA NTA/share3 of EUR 35.60 compared to EUR 33.99 at 31/12/2020.
  • Debt ratio of 43.92% compared to 54.18% at 31/12/2020. Following the successful capital increase of approx. MEUR 179 in March 2021, the debt ratio had fallen to approx. 42%.
  • Occupancy rate of 97.7% for Q1 2021 compared to 98.3% for the whole of 2020.
  • The property portfolio rose to MEUR 1,573 with 11,087 lettable student units. If the committed pipeline is fully completed, the portfolio will increase to approx. MEUR 2,000 with more than 17,000 lettable student units and the annualised rent will reach approx. MEUR 116.

__________________
1 CP/MTN = Commercial Paper/Medium Term Notes
2 The figures per share are based on the weighted average number of shares (depending on the respective dividend entitlements), unless stated otherwise.
3 Based on the number of shares issued.
 

Find the full press release with the interim results for the first quarter 2021 in the PDF file added below.

For more information, please contact:

Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89

Christian Teunissen, CEO
Frederik Snauwaert, CFO
Bastiaan Grijpink, CIO
info@xior.be
T +32 3 257 04 89

Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

Xior - Press release - Q1 2021 results - EN.pdf

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Sandra Aznar

Investor Relations, Xior Student Housing NV

Christian Teunissen

CEO, Xior Student Housing NV

Frederik Snauwaert

CFO, Xior Student Housing NV

Bastiaan Grijpink

CIO, 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