Xior announces capital increase via an accelerated private placement (“accelerated bookbuild”)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Issuance of up to 2,525,572 New Shares via an accelerated private placement (“accelerated bookbuild”) with international institutional investors

Xior continues to work on its expansion

  • For 2021, new investments worth about MEUR 332 have already been announced. If the public tender offer for Quares Student Housing is successfully completed, this amount will increase to almost MEUR 500.
  • The total value of the committed pipeline up to 2026 amounts to approx. MEUR 782.51 at present for which approx. MEUR 510 still needs to be invested in order to realise it in full.
  • Of this pipeline, approx. MEUR 160 will be delivered in 2022, for which MEUR 95.5 still needs to be invested next year. This concerns 8 new residences with more than 1,500 additional lettable rooms that will generate income as of next academic year.
  • After realisation of the full committed pipeline and if the public tender offer for Quares Student Housing is successfully completed, the portfolio will increase to over EUR 2.5 billion, with more than 20,000 lettable student units.

Reasons for the Offering

  • Permanent pursuit of a balanced financing structure through equity and debt financing.
  • Financing of the pipeline and previously announced investments.
  • Extra capacity for potential new investment opportunities as part of Xior’s international growth strategy.

Key details of the accelerated private placement

  • Capital increase by way of the issuance of up to 2,525,572 new shares (the "New Shares") via an exempt accelerated private placement (“accelerated bookbuild”) with institutional investors.
  • Aloxe NV has undertaken irrevocably and unconditionally to subscribe to the capital increase for 432,000 New Shares (this is approx. 17.1% of the Offering).
  • Taking into account the New Shares of this intended capital increase, Xior reaffirms, for the full financial year 2021, the previously announced earnings per share (EPS) of EUR 1.80 and, consequently, its envisaged gross dividend of EUR 1.44 per share (both a 6% increase compared to 2020). Xior also expects to be able to realise an increase of at least 10% in the earnings per share for financial year 2022 compared to 2021 (taking into account the intended successful acquisition of Quares Student Housing and the further growth strategy).
  • Expected pro forma debt ratio falls to approx. 48% by the end of 2021 (taking into account the intended successful acquisition of Quares Student Housing).
  • Coupon detachment: coupon N°19 representing the dividend entitlement from 9 March 2021 up to and including 6 December 2021 will be detached from the existing shares on 3 December 2021 before market opening, so that the New Shares will be entitled to a pro rata temporis dividend as from their issuance from 7 December 2021.
  • ABN AMRO – ODDO BHF, Belfius / Kepler Chevreux, BNP Paribas Fortis, KBC Securities and ING are acting as Joint Global Coordinators and Joint Bookrunners in this transaction.

1 Excluding the development pipeline in the portfolio of Quares Student Housing.

Find the full press release in the PDF file added below.
___________________

For more information, please contact:

Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be

Xior 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 - Press Release - ABB 2021 - Launch - EN - 02.12.2021.pdf

PDF 809 KB
Download

Sandra Aznar

Head of Investor Relations

Christian Teunissen

CEO

Frederik Snauwaert

CFO

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 31 March 2025, Xior Student Housing held a property portfolio worth approximately 3.36 billion EUR. 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
This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior 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