Publication of Half-Yearly Financial Report (from 1 January to 30 June 2022) and update Basecamp transaction

Strong results in first half year with confirmation of EPS guidance - High pricing power drives rental figures - Xior fully ready to integrate Basecamp

Half-year results: strong demand and debt ratio under control

  • Debt ratio as at 30 June 2022 (47.95%) stays well below 50%, with the strategy of keeping it under 50% given the current uncertain macro-economic environment
  • Positive revaluation of the portfolio by 146 MEUR as a result of rising market rents and improving market yields
  • EPRA NAV per share rises to 43.49 EUR compared to 38.63 EUR on 31/12/2021 (+ 12.6 %)
  • Strong demand for student rooms leads to lightning-fast rentals and higher rental income
  • Financing largely hedged against interest rate increases for c. 6 years
  • Occupancy rate remains high and stable at 98%
  • The portfolio increases to more than 2.2 billion EUR and will grow further to 3.8 billion EUR (> 27,000 lettable student units) after Basecamp transaction and realisation of pipeline

Update and adjusted terms Basecamp transaction

  • Adjusted terms capital increase and possible capital markets placement:
    • Issue price of new shares fixed at 44.00 EUR per share
    • Total amount of capital increase in kind fixed at c. 287 MEUR through full contribution of developments (excl. cost to come of c. 67 MEUR)
    • If a capital markets placement were to take place, Aloxe NV has once again the intention to participate as a buyer in this private placement of new shares
  • Agreement of intent concerning the possible contribution of Aachen Blue Gate (September 2023) entirely or partly in cash
  • Confirmation increase of EPRA earnings per share 2022 to 2.07 EUR (increase by 15% compared to 2021)
  • Dividend forecast 2022 1.66 EUR per share (increase by 15% compared to 2021)
  • Expected debt ratio remains below 50% after acquisition Basecamp

Find the full press release in the PDF file added below.

___________________

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

Xior - Pressrelease - H1 2022 - EN - 05.08.2022.pdf

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Sandra Aznar

Head of Investor Relations

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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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