Publication of Half-Yearly Financial Report – period from 1 January 2018 to 30 June 2018

Xior Student Housing NV, the Belgian real estate investment trust (BE-REIT) specialising in student housing in Belgium and the Netherlands, is pleased to announce the publication of its 2018 Half-Yearly Financial Report.

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 for the first half of the year amount to EUR 0.64 per share1, i.e. a 39% increase compared with H1 2017 (EUR 0.70 per share after IFRIC 21 adjustment).

EPRA earnings over H1 2018 amount to EUR 5.85 million, an increase of 131% compared with H1 2017 (EUR 6.36 million incl. IFRIC 21 adjustment).

The net rental result has increased to EUR 12.97 million, an increase of 76% compared with H1 2017. This net rental result will continue to increase in the course of 2018, as certain acquisitions are planned for the second half of 2018 and because certain acquisitions have not yet contributed to the full half-year up to the publication of the result as at 30 June 2018.

The net result (IFRS) is KEUR 531, due to the variance in the valuation of the interest rate swaps (EUR -2,8 million) and provision for deferred taxes (EUR -2,6 million).

The successful capital increase of EUR 134 million in June 2018 ensures that the debt ratio has fallen to 39.26% compared to 53.62% as at 31 December 2017. Estimated debt ratio per end 2018 of approximately 50% upon realisation of the committed pipeline.

The occupancy rate has increased to 98.45% compared to 97.90% as at 31 December 2017.

The property portfolio has risen to EUR 612 million, which is an increase of 25.2% when compared to 31 December 2017, with 4,105 lettable student units. If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approximately EUR 775 million with more than 6,600 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.

 

In the PDF file added below you'll find the details of the Half-Yearly Financial Report. 
For more information, please also refer to the Half-Yearly Financial Report for H1 2018, which is now published and available on Xior's website (Dutch and English). 

_________________________________________________

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
T +32 3 257 04 89
info@xior.be

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

 

Xior - Publication of Half-Yearly Financial Report 2018.pdf

PDF 235 KB
Download

Xior Student Housing NV

 

Christian Teunissen

CEO

Frederik Snauwaert

CFO

Arne Hermans

CIO

Sandra Aznar

Head of Investor Relations

Share

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

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