Xior closes 2025 strongly and commits to renewed EPS growth for 2026-2027

2025: EPS/DPS confirmed at 2.21/ 1.768 EUR driven by LfL rental growth well above inflation for the 3rd year in a row & peak occupancy - 2026-2027: 2-yr growth plan with EPS growth to 2.30 EUR in 2026 (+4%) followed by a further increase to 2.40 EUR in 2027 (+4%).

2025: Xior confirms pricing power and lays foundation for renewed EPS growth

Strong operational and financial performance in a market with structural undersupply

  • EPRA earnings rise to 102.3 MEUR (+12%)
  • Occupancy rate of 98%, structurally high and stable in all countries
  • LfL rental growth of +5.43%, well above inflation and above previous guidance of 5%
  • Operational margin >87%, driven by economies of scale and cost control
  • Approx. 1,300 new student rooms added to portfolio in 2025
  • Positive revaluations of +1.2% YtD, driven by rental growth and market transactions
  • Solid balance sheet with LTV <50% and 100% funding needs covered for the coming 18 months

Earnings and dividend 2025 confirmed

  • EPS 2025: 2.21 EUR and DPS 2025: 1.768 EUR

Outlook 2026-2027: Focus on sustainable value creation and renewed EPS growth

From 2026 onwards, the focus shifts to renewed EPS growth over a two-year growth trajectory (2026- 2027). This growth will be driven by structural rental growth, operational leverage and the phased active pipeline execution over 2026-2027. The delivery of this growth will be achieved within a stable financial framework, with no increase in debt ratio or additional balance sheet risk.

Strategic focus on further EPS growth

  • Return: acceleration of rental growth through pricing power and additional income. Guidance LfL rental growth 2026: minimum 4%, at least 1% above inflation
  • Efficiency: economies of scale, digitalisation and tight cost model as direct EPS leverage
  • Quality: superior student satisfaction as driver for sustainable rental growth and retention

Growth to portfolio of ca. 23.500 units via pipeline execution – fully internally funded

  • Completion of approx. 1,150 new units in 2026-2027; +10.2 MEUR additional rental income
  • Targeted profitability of future pipeline
  • Maintain LTV <50% and strong liquidity position

Financial outlook

  • 2026 earnings and dividend forecast: 2.30 EUR EPS and 1.84 EUR DPS (+4% vs. 2025)
  • 2027 earnings and dividend forecast: 2.40 EUR EPS and 1.92 EUR DPS (+4% vs. 2026)

Ten years of building foundations sets today the stage for the next phase of growth

Christian Teunissen, CEO: “Over the past ten years, we have built strong foundations at Xior: a pan-European platform, a high-quality portfolio and a solid balance sheet. Our LfL rental growth has been substantially above inflation for three years in a row, confirming the structural pricing power and quality of our assets. With this foundation, high occupancy rates, robust margins and a fully internally financed growth pipeline, we are ready to enter the next phase from 2026 onwards and once again achieve visible, sustainable growth in earnings per share.”

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 Antwerpen
www.xior.be

Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89

Investor Relations
Sandra Aznar
IR & ESG Director
ir@xior.be
T +32 3 257 04 89

 

Xior - Annual Results 2025 - EN - 03.02.2026.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 31 December 2025, Xior Student Housing held a property portfolio worth approximately 3.6 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 forwardlooking 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