Strong first half of 2025 in line with expectations

Unique platform in robust market drives rents and valuations. Self-funded growth: from 20,700 to 23,000 units without external funding. Outlook 2025 confirmed: EPS of EUR 2.21 & DPS of EUR 1.768.

H1 2025 results: fully on track - confirming unique platform in rock-solid market

  • EPRA earnings – group share rises to KEUR 50,454 after IFRIC 21 adjustment (+13% YoY)
  • EPRA earnings – group share amounts to EUR 1.10/share after IFRIC 21 adjustment
  • +5.36% LfL rental growth (YoY) and 98% occupancy rate confirm strength student housing
  • Portfolio valuation rises further by +1.7% YtD (MEUR 56)
  • Debt ratio and LTV below 50% at 49.63% and 49.84% respectively
  • 100% financing needs fully covered for next 18 months (capex, refinancing and commercial paper)

Guidance FY 2025: positive outlook thanks to further growth and value creation 

  • Promising rental season supports further rental growth and full occupancy
  • LfL rental growth of at least 5% for 2025 confirmed
  • Development active pipeline on track with completion of Wenedów (Poland) September 2025 
  • Guidance 2025 confirmed: EPS of EUR 2.21 and DPS of EUR 1.768
  • Maintain LTV and debt ratio below 50%

Outlook for 2026 onwards: Portfolio to reach 23,000 units – fully self-funded

  • Active pipeline of MEUR 214 in full execution for 2025-2026 (+1,500 units)
  • Portfolio grows from 20,700 to approx. 23,000 units (+11%) (vs. end of 2024) upon delivery
  • Remaining investment of only MEUR 24 fully funded with internal financing capacity
  • No additional debt required: debt ratio remains below 50%
  • After full completion, rental income increases significantly with MEUR 13

Christian Teunissen, CEO: "In the first half of the year, Xior once again proved that our specialised platform in student accommodation is performing solidly in a challenging context. The high occupancy rate, continued rental growth and confirmed outlook reinforce confidence in both our strategy and our market position. Recent transactions in our sector only confirm what we have known for quite some time: student housing is a resilient and highly attractive asset class. Xior's strong half-year results, combined with peak occupancy and a solid pipeline, pave the way for further growth. And we are achieving this entirely on our own strength: without additional debt or capital, our portfolio will grow by 11% to 23,000 units."

In the PDF file below, you will find the full press release.

____________________

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
IR & ESG director
ir@xior.be
T +32 3 257 04 89

Xior Press Release - H1 2025 results - EN - 07.08.2025.pdf

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Sandra Aznar

IR & ESG director

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