Xior expands its portfolio in Spain and Portugal by approx. EUR 171.0 million. Xior strengthens its team with Bastiaan Grijpink as CIO and Country Manager for Iberia

Interim announcement of the Board of Directors Third quarter 2019 – ending on 30 September 2019 (Regulated information – Inside Information)

Expansion of portfolio, appointment of CIO / Country Manager Iberia & interim results for the period from 1 January 2019 until 30 September 2019 

Xior continues growth trajectory and announces new investments in Spain and Portugal for an aggregate amount of approx. EUR 171.0 million.  
 
Xior strengthens its team with Bastiaan Grijpink as Chief Investment Officer and Country Manager Iberia. 

Xior announced its entry into the Spanish and Portuguese market in the first quarter of 2019, at the same time stating its ambition of creating a second home market in the Iberian peninsula, alongside the Benelux, with a stated target of at least EUR 250 million in investment value.  
 
On 30 September 2019, the announced investment value in Spain and Portugal was approx. EUR 139.1 million. Today, Xior is adding approx. EUR 171.0 million, which means that, upon completion of these announced projects, its first stated target will be reached and exceeded. Combined with the announced reinforcement of its local team, Xior’s expansion into Iberia as its second home market is therefore moving ahead smoothly. 
 
Xior confirms its guidance for 2019: expected minimum EPRA earnings of EUR 1.60 per share, which represents an increase of 9.6% compared to 2018. 
 
The EPRA earnings at the end of Q3 are EUR 1.24 per share1, which represents an 18.1% increase compared to Q3 2018 (EUR 1.05 per share after IFRIC 21 adjustment).  
 
EPRA earnings at the end of Q3 2019 amount to EUR 17.5 million, an increase of  60.6% compared to Q3 2018 (EUR 10.9 million after IFRIC 21 adjustment). 
 
The net rental income at the end of Q3 2019 rose to EUR 31.8 million, an increase of 52.6 % compared to Q3 2018.  
 
EPRA NAV per share2 of EUR 32.72 on 30 September 2019, compared to EUR 30.36 as at 30 September 2018. 
 IFRS NAV per share3 of EUR 29.50 on 30 September 2019 compared to EUR 28.56 on 30 September 2018. 
 
Debt ratio of 55.29% on 30 September 2019 compared to 49.32% on 31 December 2018. 
 
Occupancy rate of 98.32% on 30 September 2019 compared to 98.65% on 30 September 2018. 
 
The fair value of the property portfolio on 30 September 2019 has increased to approx. EUR 1.0 billion, which is an increase of 23% compared to 31 December 2018. If all of the acquisitions and redevelopments in the current committed pipeline would be realized, the fair value of the portfolio will increase to over EUR 1.5 billion with more than 12,000 lettable student units. 

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1 Unless stated otherwise, the figures per share are based on the weighted average number of shares (depending on the respective dividend entitlements) on 30 September 2019, or 14,092,576 shares. 
2 Based on the number of outstanding shares as at 30 September 2019, or 14,349,847 shares..
3 Based on the number of outstanding shares as at 30 September 2019, or 14,349,847 shares.

In the PDF file added below, you can find the full press release with the interim results of the third quarter 2019

For more information, please contact:
Xior Student Housing NV
Mechelsesteenweg 34, bus 108
2018 Antwerpen
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 - Press release ENG.pdf

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Xior Student Housing NV

 

Christian Teunissen

CEO

Frederik Snauwaert

CFO

Sandra Aznar

Head of Investor Relations

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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 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