Brief: Xior Student Housing : H1 2020 Net Rental Result 27,3 Million Euros, Reconfirms 2020 Earnings And Dividend Forecast

Xior Student Housing NV

05/08/2020 17:02

Aug 5 (Reuters) - XIOR STUDENT HOUSING NV  XIOR.BR :
    * RECONFIRMS EARNINGS AND DIVIDEND FORECAST FOR 2020
    * EPRA EARNINGS GROUP SHARE OVER H1 2020 AMOUNTS TO EUR 0.73
PER
SHARE
    * NET RENTAL RESULT OF KEUR 27,293 FOR H1 2020
    * NET RESULT (IFRS) FOR H1 2020 OF KEUR -9,079
    * END-H1 DEBT RATIO OF 53.12%, COMPARED TO 45.67% AS OF 31
DECEMBER 2019
    * OCCUPANCY RATE OF 98.04% FOR H1 2020, COMPARED TO 98% FOR
THE
WHOLE OF 2019
    * OUTLOOK: IN 2020, XIOR IS EXPECTING AN OCCUPANCY RATE
SIMILAR TO
THE CURRENT RATE
    * RENTALS FOR MOST CITIES IN BELGIUM, THE NETHERLANDS AND
SPAIN,
ARE ON TRACK AND IN SOME CITIES EVEN BETTER
    * PORTUGAL IS, AS EXPECTED, STILL IN THE START-UP PHASE
    * GROUP EQUITY WAS KEUR 589,201 AS AT 30 JUNE 2020 (KEUR
610,428
AS AT 31 DECEMBER 2019)
    * HAS MANAGED TO POSITION ITSELF TO WITHSTAND THE
CONSEQUENCES OF
THE COVID-19 CRISIS AND NEUTRALISE THE IMPACT ON ITS RESULTS
    * HAD DRAWN DOWN KEUR 690,432 IN LONG-TERM DEBT AS AT 30
JUNE 2020
    * EXPECTS DEBT RATIO OF BETWEEN 50% AND 55% AT END OF 2020
    * FOR FY 2020, COMPANY IS STILL ANTICIPATING EPRA EARNINGS
PER
SHARE OF EUR 1.70
    * IS ALSO APPLYING TARGET OF EUR 1.36 FOR GROSS DIVIDEND PER
SHARE
WITH MINIMUM PAYOUT OF 80% (UP 4.6% AS COMPARED TO 2019)

Source text for Eikon:  ID:nNDL8HVHMq 
Further company coverage:  XIOR.BR 

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