Publication of Half-Yearly Financial Report – period from 1 January 2020 to 30 June 2020

Xior Student Housing NV, the Belgian public regulated real estate company (RREC) specialising in the student housing segment in Belgium, the Netherlands, Spain and Portugal, announces the publication of its 2020 Half-Yearly Financial Report.

H1 2020 results in line with expectations. For the entire financial year of 2020, Xior reconfirms the targeted gross dividend of EUR 1.36 (a 4.6% increase) based on the previously announced EPRA earnings forecast of EUR 1.70 (a 6.3% increase).

The EPRA earnings – group share over H1 2020 amounts to EUR 0.73 per share1, which is EUR 0.78 per share after IFRIC 21 adjustment. The EPRA earnings – group share over H1 2020 amounts to KEUR 13,995, a 33% increase compared to H1 2019 (KEUR 15,138 after IFRIC 21 adjustment).

Net rental result increased to KEUR 27,293, a 31% increase compared to H1 2019.

EPRA NAV per share2 of EUR 35.52, compared to EUR 35.96 as of 31 December 2019.
IFRS NAV per share3 of EUR 31.47, compared to EUR 32.71 as of 31 December 2019.

Debt ratio of 53.12%, compared to 45.67% as of 31 December 2019. Occupancy rate of 98.04% for H1 2020, compared to 98% for the whole of 2019.

The property portfolio has risen to MEUR 1,367, 80% of which is fully operational with 8,991 lettable student units. If all acquisitions and redevelopments in the committed pipeline are completed, the portfolio will increase to approximately MEUR 1,800 with more than 15,000 lettable student units. During the first half of the year, a total of MEUR 240 in new investments were announced.

Covid-19 update:
Rentals for most cities in Belgium, the Netherlands and Spain, are on track and in some cities even better. Higher retention rates than usual were also observed and demand from foreign students persists. Portugal is, as expected, still in the start-up phase.
The impact of the compensations provided to students on this financial year will be limited by cutting costs and by achieving more cost efficiency. The commercial teams have also given extra attention to the collection of rent and will continue to monitor this closely in view of the current circumstances. Thanks to a rapid response throughout the entire organisation, Xior has managed to position itself to withstand the consequences of the Covid-19 crisis and neutralise the impact on its results. Once again, student housing has proven to be crisis resistant and Xior is confident about the future.

For more information, we refer you to the Half-yearly Financial Report for H1 2020, which we published today and is available on Xior's website (in Dutch and English).

In the PDF file added below, you can find the full press release with the results of the Half-Yearly Financial Report from 1 January 2020 to 30 June 2020.

_{For more information, please contact:
Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 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}