H1 2023: On track in strong European student housing market
Continued outperformance thanks to Xior's rock solid business model
Record LfL rental growth leading to stable valuations
Epra earnings (group share) increase by 30%, to €1.00/share (+5% after IFRIC adj.)
Consistent high occupancy of 98%
2023 EPS & DPS guidance confirmed -> up +6.3% YoY to 2.20 EUR & 1.76 EUR resp.
Record high booking levels for upcoming academic year
Again, a huge demand for student rooms
Rental season running at full speed with rental pace at peak levels
Earlier start with high retention rates
High demand allows Xior to pass on inflation without any effect on demand
LfL +5.64%
YoY
SBTi
CO2 targets
validated
Divestment program well on track with main focus on LTV
Main focus to bring LTV down <50% while safeguarding shareholder value
Anticipated and temporary peak LTV at 54.43%
230 MEUR divestment program largely committed
Additional identified divestments and/or other strategic options under consideration
3
Recap H1 2023
4
Track record
2007
Founders enter the (BE) student housing scene with first asset
December '15
€87.8m IPO €200m portfolio 48 assets 2,035 units 8 cities 2 countries
2015
2019
March 2019
Entry into
Spain and Portugal
Main acquisitions 2021:
SPS Socimi Spain (ES)
Quares Student Housing (BE)
Zaragoza (ES)
Total investments c. 500 MEUR
2021
2022
2022 c. 1bn EUR investments Basecamp acquisition Entry into GE, PL, DK, SE
Other acquisitions: Liège, Seraing, Granada, Warsaw
H1 2023
230 MEUR divestment program
137 MEUR sales committed
93 MEUR in sales processes
Heading to c. € 3.6 bn portfolio1
>26,000 units
42 cities in 8 countries
Delivery of > 2,400 units in H2 2023
June 2023 - …
30 JUN 2022 (FV: €2.2 BN)
31 JUN 2023 (FV: c. €3.13 BN)
31 JUN 2023 (FV: c. €3.6 BN)1
The Netherlands 54%
Belgium 28%
Spain15%
Portugal 3%
1. As per 30 June 2023 including pipeline and not including disposals that are not fully completed.
The Netherlands 42%
Belgium 22%
Denmark 13%
Spain12%
Poland3%
Portugal 3%
Sweden 3%
Germany 2%
The Netherlands
42%
Belgium
22%
Denmark
12%
Spain
11%
Portugal
5%
Poland
4%
Germany
2%
5
Sweden
2%
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Disclaimer
Xior Student Housing NV published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 09:27:09 UTC.
Xior Student Housing is a Regulated Real Estate Company (Belgian REIT) that specializes in owning and managing student housing in Belgium, the Netherlands, Spain, Portugal and Poland.
At the end of 2022, the real estate portfolio, consisting of 160 properties (of which 80 in Belgium, 51 in the Netherlands, 11 in Spain, 7 in Portugal, 4 in Poland, 4 in Denmark, 2 in Germany and 1 in Sweden), amounted, in book value, to EUR 3,221.5 million.
XIOR STUDENT HOUSING 
