Xior rises on planned student residence acquisition in Poland

Xior Student Housing NV

17/01/2025 09:06

** Shares in Xior  XIOR.BR  rise as much as 2.6% after the
student housing firm sold close to 2.9 million of its own shares
via accelerated book-building to fuel asset acquisition in
Poland's academic accommodation sector
    ** ABB raised 80 mln euros ($82.4 mln) at a discount below
2% compared to Thursday's closing price, with aim to purchase
two residences for a total of 67 million euros, the company says
    ** KBC Securities points to blended investment gross yield
of roughly 10.5% from the planned acquisition of accommodations
in Wroclaw and Warsaw
    ** KBC also highlights advantages of Poland's student
residence market, such as attractiveness for international
students and affordable tuition and living costs
    ** At 0856 GMT the stock is up 1.6%, outperforming Belgium's
blue chip BEL 20 index  .BFX  and bringing its market cap to 1.3
billion euros
    ** Out of 10 analysts that cover Xior, eight rate the stock
"strong buy" or "buy" and ​two "hold"

($1 = 0.9713 euros)

 (Reporting by Mateusz Rabiega)
 ((Mateusz.rabiega@thomsonreuters.com;))