Xior expands in Poland with two new student residences - 2024: EPS and DPS confirmed at 2.21 EUR and 1.768 EUR - 2025: EPS and DPS guidance minimum 2.21 EUR and 1.768 EUR

1. Expansion in Poland through acquisition of 2 prime student residences
Xior announces to strengthen its position in Poland through the planned acquisition of 2 prime and operational student residences in Wroclaw and Warsaw. This will allow Xior to expand its portfolio by approx. 900 beds at once, resulting in a total of approx. 3,600 beds in Poland.

 

City #Beds/units  Total investment value (approx.)  Initial gross yield (approx.)  Completion  Operational & let 
Wroclaw 775/775 55 MEUR 11,1% 2022 Yes
Warsaw   117/117 12 MEUR 8,0% 2022 Yes
Total 892/892 67 MEUR 10,5%    

 

The addition of these new residences in Poland as well as the addition of a fourth city (Wroclaw) strengthens Xior's presence in Poland, which is characterised by popular student cities with a large student population but also a large shortage of student residences, making Poland one of the most promising markets for further growth.

The proposed acquisitions will be financed by a capital increase via an exempt accelerated private placement to institutional investors within the authorised capital for an amount of up to 80 MEUR. See also the press release published in this context today.

2. Key figures FY 2024 and EPS/DPS guidance 2025

In the context of the capital increase through accelerated private placement to finance the expansion in Poland, Xior's statutory auditor has prepared a report regarding the accounting and financial data included in the special report of the Board of Directors acting on the intended capital increase. We refer to the available report of the auditor. In accordance with the applicable normative framework, in the course of its work, the statutory auditor carried out a review in accordance with ISRE 2410 (“limited review”) of the historical accounting and financial data below included in the Board of Directors' report.

  • 2024: EPRA earnings/share – group share (EPS) confirmed at 2.21 EUR/share, fully in line with guidance, stable year-on-year, even with an average of 10.7% additional shares in 2024 and execution of divestment plan
  • 2024: dividend/share (DPS) confirmed at 1.768 EUR/share and will be submitted for approval at the Annual General Meeting on 15 May 2025

Including the Polish acquisitions announced today and the maximum amount of the intended capital increase, if successful, amounting to approx. 80 MEUR1, the debt ratio and LTV fall below 50%, and Xior communicates its earnings and dividend expectations for 2025:

  • Debt ratio improves to approx. 49.03% pro forma2 and LTV improves to approx. 49.64% pro forma compared to 50.64% and 50.99% resp. as at 31 December 2024 (without acquisitions and intended capital increase)
  • 2025 EPS/DPS guidance: minimum 2.21 EUR (group share) and 1.768 EUR3 respectively. Thanks to the increase in earnings as a result of the recent acquisitions and those announced today, the completion of more than 1,000 new student rooms in 2024 and a like-for-like rental growth of 6.52% as at Q4 2024 confirming the pricing power of student accommodation, Xior expects to realise at least a stable EPS compared to 2024. This also takes into account around 245 MEUR of realised divestments since 2023. This outlook is based on current knowledge and situation and in the context of the current volatile macroeconomic environment.

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

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

___________________

1 Maximum 3,466,204 New Shares in accordance with report of the Board of Directors.
2 The pro forma debt ratio as at Q4 2024 was calculated including the positive impact of approx. -0.5% of the second earn-out payment under the Basecamp transaction and including the intended capital increase.
3 Including the planned capital increase for the payment of the second earn-out under the Basecamp transaction on or around 31 March 2025.

 

Xior Press Release - Acquisitions Poland & key figures 2024 - EN - 16.01.2025.pdf

PDF 418 KB
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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 2024, Xior Student Housing held a property portfolio worth approximately 3.3 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