Brief: Xior Student Housing End-September Net Rental Result Up At 41.1 Million Euros

Xior Student Housing NV

23/10/2020 16:58

Oct 23 (Reuters) - Xior Student Housing NV  XIOR.BR :
    * Q3 FINANCIAL UPDATE
    * NET RENTAL RESULT ROSE TO 41,057 KEUR, AN INCREASE OF 29%
COMPARED TO Q3 2019
    * END-SEPT DEBT RATIO OF 53.62%, TAKING INTO ACCOUNT THE
CONTRIBUTION IN KIND ON 7 OCTOBER 20204 , THIS FALLS TO 52.29%.
    * REAFFIRMATION OF PROFIT AND DIVIDEND FORECAST FOR 2020
    * OCCUPANCY RATE AMOUNTS TO 97.58% OVER THE FIRST NINE
MONTHS OF
2020 COMPARED TO 98% FOR THE FULL YEAR 2019
    * END-SEPT EPRA NAV PER SHARE OF 35.55 EUR COMPARED TO 35.96
EUR
AS OF 31 DECEMBER 2019
    * END-Q3 EPRA EARNINGS – GROUP SHARE AMOUNT TO 21,269 KEUR,
AN
INCREASE OF 25% COMPARED TO Q3 2019 – 21,845 KEUR AFTER
ADJUSTMENT FOR IFRIC 21
    * DOES NOT EXPECT ANY SIGNIFICANT CHANGE IN THE PROJECTED
EPRA
EARNINGS FOR 2020
    * END-SEPT NET LOSS (IFRS) EUR 6.7 MILLION VERSUS PROFIT OF
EUR
3.2 MILLION YEAR AGO
    * FOR FY 2020, COMPANY IS ANTICIPATING EPRA EARNINGS PER
SHARE OF
1.70 EUR WITH A TARGET FOR GROSS DIVIDEND PER SHARE OF 1.36 EUR
PER SHARE WITH MINIMUM PAYOUT OF 80%
    * EXPECTS DEBT RATIO OF BETWEEN 50% AND 55% BY END 2020 AS
RESULT
OF CONTINUED IMPLEMENTATION OF GROWTH STRATEGY
    * EXPECTS OCCUPANCY RATE IN 2020 THAT IS IN LINE WITH
CURRENT
OCCUPANCY RATE
    * THERE IS RISK THAT PROSPECTIVE STATEMENTS WILL NOT BE
ACHIEVED
GIVEN CURRENT CIRCUMSTANCES

Source text: https://bit.ly/2Hxyc5n
Further company coverage:  XIOR.BR 

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