Q3 2023 Results Xior Student Housing

Interim results per 30.09.2023

Commercial update – strong start of new academic year with record LfL rental growth

  • Effective business model with proven pricing power resulting in LfL rental growth of 7.14% YoY
  • Undersupply and increasing demand for student rooms leads to consistent high occupancy level of 98%
  • Accelerated ramp-up of newly completed residences beating expectations
  • Positive long-term outlook benefiting from resilient and growing demand for higher education and increasing student population

Portfolio & pipeline update – stable valuations supported by growing income

  • Portfolio valuations are resilient and remain stable with limited revaluation of -0,78% YtD
  • Committed capex reduced to c. 83 MEUR (vs. 203 MEUR in Q3 2022) as projects have been successfully completed
  • Delivery of more than 1.800 new student units in Q3 which will start contributing to earnings
  • Assets identified for sale increased to c. 340 MEUR by adding residence Zernike Groningen to the list
  • Xior is also actively pursuing a strategic JV partnership for which a shortlist has been created and discussions have started

Financial update – solid results driven by strong rental & earnings growth

  • Strong earnings results thanks to earnings growth & larger and more efficient portfolio
  • Confirmation of 2023 EPS & DPS guidance at 2.20 EUR and 1.76 EUR/share, both up +6.3% YoY
  • Unique market fundamentals will continue to support further rental & earnings growth
  • Stable LTV at 54.91% (vs. 54.43% at H1 2023) as a result of steady valuations
  • LTV to be reduced by actively pursuing further disposals
  • Cost of debt under control at 2.54% thanks to macro hedging

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 - Q3 2023 - EN - 26.10.2023.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