Publication of Half-Yearly Financial Report – Period from 1 January 2021 to 30 June 2021

Half-year results fully in line with expectations. Flying start of the rental season continues

Key figures H1 2021

  • H1 2021 result fully in line with expectations.
  • Reconfirmation of targeted gross dividend of EUR 1.44 based on the previously announced EPRA earnings forecast of EUR 1.80 (both a +6% increase compared to 2020).
  • EPRA earnings – group share of EUR 0.73 per share1 (EUR 0.79 after IFRIC 21 adjustment)
  • EPRA earnings – group share of KEUR 17,208, an increase of 23% compared to H1 2020 – (KEUR 18,765 after IFRIC 21 adjustment)
  • Net rental result rises to KEUR 35,153, an increase of 29% compared to H1 2020.
  • EPRA NAV/share2 (group share) of EUR 34.79 compared to EUR 34.00 on 31/12/2020.
  • EPRA NTA/share of EUR 34.79 compared to EUR 33.99 at 31/12/2020.
  • Debt ratio of 45.76% compared to 54.18% on 31/12/2020. Occupancy rate of 97.8% in H1 2021 compared to 97.7% for the full year 2020.
  • The real estate portfolio increases to MEUR 1,602, with 11,466 rentable student units. If the full committed pipeline is realised, the portfolio will rise to approx. MEUR 2,200, with approx. 18,000 lettable student units.

Flying start of the rental season continues

  • Positive start of the rental season in Q1 continued in Q2.
  • Corona or not, students are massively looking for student rooms and the demand from international students remains high.
  • In all countries, Xior sees an increased demand and higher retention rates compared to previous years. A combination that leads to a rental season that started exceptionally early and is still ahead of schedule.
  • In all cities, the current letting rate is higher than it was in previous years at the same moment in time: 99.5% in the Netherlands, 93% in Belgium, 82% in Spain and 76% in Portugal. Thus, many cities are already fully let.
  • Rent collection: The rents for H1 2021 were received for the vast majority (93%), fully in line with the same period last year. The local teams continue to pay extra attention to the collection of the remaining 7%.

Publication of Half-Yearly Financial Report

For more information, please refer to the Half-Yearly Financial Report for H1 2021 that was published today and is available on the Xior website (Dutch & English).

1 Figures per share are calculated on the basis of the weighted average number of shares taking into account the dividend entitlement of the shares concerned, unless otherwise indicated.
2 Based on the number of outstanding shares.


In the PDF file added below, you can find the full press release with the half-year results of 2021 and Covid-19 update.

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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
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 - EN - H1 2021.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