Brief: Xior H1 Net Loss Turns To Profit Of 21.1 Million Euros

Xior Student Housing NV

06/08/2021 06:24

Aug 6 (Reuters) - XIOR STUDENT HOUSING NV  XIOR.BR :
    * H1 2021 RESULT FULLY IN LINE WITH EXPECTATIONS
    * RECONFIRMATION OF TARGETED GROSS DIVIDEND OF EUR 1.44
BASED ON
PREVIOUSLY ANNOUNCED EPRA EARNINGS FORECAST OF EUR 1.80 (BOTH A
+6% INCREASE COMPARED TO 2020)
    * H1 EPRA EARNINGS - GROUP SHARE OF EUR 0.73 PER SHARE1(EUR
0.79
AFTER IFRIC 21 ADJUSTMENT)
    * H1 EPRA NAV/SHARE2 (GROUP SHARE) OF EUR 34.79 COMPARED TO
EUR
34.00 ON 31/12/2020
    * DEBT RATIO OF 45.76% COMPARED TO 54.18% ON 31/12/2020
    * OCCUPANCY RATE OF 97.8% IN H1 2021 COMPARED TO 97.7% FOR
FULL
YEAR 2020
    * REAL ESTATE PORTFOLIO INCREASES TO MEUR 1,602, WITH 11,466
RENTABLE STUDENT UNITS
    * IF FULL COMMITTED PIPELINE IS REALISED, PORTFOLIO WILL
RISE TO
APPROX. MEUR 2,200, WITH APPROX. 18,000 LETTABLE STUDENT UNITS
    * RENTS FOR H1 2021 WERE RECEIVED FOR THE VAST MAJORITY
(93%),
FULLY IN LINE WITH THE SAME PERIOD LAST YEAR
    * H1 NET PROFIT (IFRS) EUR 21.1 MILLION VERSUS LOSS OF EUR
9.1
MILLION YEAR AGO
    * H1 NET RENTAL RESULT EUR 35.2 MILLION VERSUS EUR 27.3
MILLION
YEAR AGO
    * H1 EPRA EARNINGS EUR 17.5 MILLION VERSUS EUR 14.3 MILLION
YEAR
AGO
    * DEMAND FROM INTERNATIONAL STUDENTS ALSO REMAINS HIGH,
DESPITE
THE UNCERTAINTY SURROUNDING THE VIRUS

Source text for Eikon:  ID:nNDL1lHhzD 
Further company coverage:  XIOR.BR 

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