Brief: Xior Student Housing NV Q1 Net Rental Result Up At EUR 17.6 Mln

Xior Student Housing NV

27/04/2021 07:04

April 27 (Reuters) - XIOR STUDENT HOUSING NV  XIOR.BR :
    * Q1 2021 RESULTS IN LINE WITH EXPECTATIONS
    * Q1 EPRA EARNINGS – GROUP SHARE OF KEUR 7,199, WHICH IS AN
INCREASE OF 20% AS COMPARED TO Q1 2020
    * Q1 NET RENTAL RESULT INCREASED TO KEUR 17,627, A 26%
INCREASE
COMPARED TO Q1 2020
    * OCCUPANCY RATE OF 97.7% FOR Q1 2021 COMPARED TO 98.3% FOR
THE
WHOLE OF 2020
    * IN Q1, PROPERTY PORTFOLIO ROSE TO MEUR 1,573 WITH 11,087
LETTABLE STUDENT UNITS
    * LAUNCH OF FIRST GREEN CP/MTN PROGRAMME IN BELGIUM
    * AT 31 MARCH 2021, THE DEBT RATIO WAS 43.92% COMPARED TO
54.18%
AT 31 DECEMBER 2020
    * IT IS NOT POSSIBLE TO FULLY ASSESS THE IMPACT OF THE VIRUS
ON
THE 2021-2022 ACADEMIC YEAR
    * OUTLOOK: SIGNALS FROM RENTAL SECTOR ARE ALREADY VERY
POSITIVE,
GIVEN THAT STUDENTS ARE ALSO AWARE OF CURRENT CIRCUMSTANCES AND
POSSIBLE RESTRICTIONS WHEN THEY SIGN THEIR RENTAL AGREEMENT
    * FOR THE FINANCIAL YEAR 2021, THE COMPANY IS ANTICIPATING
EPRA
EARNINGS PER SHARE OF EUR 1.80, AN INCREASE OF 6% AS COMPARED TO
2020
    * AFTER FULL DEVELOPMENT OF THE PORTFOLIO, AN ANNUALISED
RENT OF
APPROX. MEUR 116 IS FORESEEN
    * EXPECTS TO ACHIEVE AN INCREASE IN EPRA EARNINGS PER SHARE
OF AT
LEAST 10% FOR THE FINANCIAL YEAR 2022 AS COMPARED TO 2021
    * EXPECTS THE DEBT RATIO TO BE AROUND 50% AS A RESULT OF THE
FURTHER IMPLEMENTATION OF THIS GROWTH STRATEGY BY THE END OF
2022
    * IN 2021, XIOR IS EXPECTING AN OCCUPANCY RATE SIMILAR TO
THE
CURRENT RATE

Source text for Eikon:  ID:nNDL8QsZ57 
Further company coverage:  XIOR.BR 

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