Brief: Xior Student Housing Says 2023 EPS Guidance Will Be Revised Downwards

Xior Student Housing NV

15/02/2023 08:59

Feb 15 (Reuters) - Xior Student Housing  XIOR.BR :
    * FY22 EPRA EARNINGS – GROUP SHARE OF 62,143 KEUR, AN
INCREASE OF
40% COMPARED TO FY 2021
    * PROPOSED DIVIDEND OF 1,66 EUR PER SHARE, UP 15%
YEAR-ON-YEAR
    * FY NET RENTAL RESULT RISES TO 112,479 KEUR, AN INCREASE OF
41%
COMPARED TO FY 2021
    * FOR FY 2022, THE OCCUPANCY RATE REMAINS HIGH AND STABLE AT
98%
(VS. 98% FOR THE FULL YEAR 2021)
    * PROMISING START EXPECTED FOR NEW RENTAL SEASON (STARTING
MARCH
2023)
    * VOLATILE AND INCREASING COST OF DEBT, TO THE EXTENT OF
NON-HEDGED FINANCING (14% OF TOTAL FINANCING), IS EXPECTED TO
WEIGH ON EARNINGS IN THE SHORT TERM
    * UNCERTAIN MARKETS AND REVISED PIPELINE WILL SLOW DOWN PACE
OF
DEVELOPMENT PROJECTS IN COMING MONTHS, WILL IMPLY REORGANIZATION
OF DEVELOPMENT TEAMS LEADING TO ADDITIONAL RESTRUCTURING COSTS
    * EPS GUIDANCE FOR 2023 WILL BE REVISED DOWNWARDS TO AT
LEAST 2.20
EUR (NOT INCLUDING BC AACHEN), AN INCREASE OF +6% COMPARED TO
2022

        
 Source text: https://bit.ly/40Y4MSw
 Further company coverage:  XIOR.BR 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com))