Brief: Xior Student Housing Q1 Net Rental Result Up 36%, Maintains 2020 Objectives

Xior Student Housing NV

29/04/2020 18:29

April 29 (Reuters) - XIOR STUDENT HOUSING NV  XIOR.BR :
    * Q1 2020 RESULTS AS EXPECTED
    * Q1 EPRA EARNINGS – GROUP SHARE OF KEUR 5,987, AN INCREASE
OF 34%
COMPARED TO Q1 2019 – KEUR 7,673 AFTER IFRIC 21 ADJUSTMENT
    * Q1 NET RENTAL RESULT INCREASES TO KEUR 13.979, AN INCREASE
OF
36% COMPARED TO Q1 2019
    * Q1 OPERATING RESULT BEFORE RESULT ON PORTFOLIO EUR 8.5 MLN
VS
EUR 6.8 MLN YR AGO
    * DEBT RATIO OF 47.34% AT MARCH 31 VS 45.67% AT 31 DECEMBER
2019
    * OCCUPANCY RATE FOR Q1 2020 OF 98.3% VS 98% FOR WHOLE 2019
    * BASED ON CURRENT EXPECTATIONS, XIOR MAINTAINS ITS
OBJECTIVES FOR
2020
    * HAS EVERY INTENTION OF CONTINUING TO PURSUE ITS GROWTH
STRATEGY
IN 2020 BY ADDING QUALITY STUDENT PROPERTIES TO ITS PROPERTY
PORTFOLIO AND BY COMPLETING THE PROJECTS IN ITS DEVELOPMENT
PIPELINE
    * FOR FY 2020, COMPANY IS STILL ANTICIPATING EPRA EARNINGS
PER
SHARE OF EUR 1.70, AN INCREASE OF 6.25% COMPARED TO 2019
    * IS ALSO APPLYING TARGET OF EUR 1.36 FOR GROSS DIVIDEND PER
SHARE
WITH MINIMUM PAYOUT OF 80%

Source text for Eikon:  ID:nNDLS6Sny 
Further company coverage:  XIOR.BR 

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