Xior - Results in line, sluggish progress on disposals
• EPRA EPS stood at EUR 2.21, up 6.8% YoY, a touch below our EUR 2.23estimate. Dividend at EUR 1.768 per share, up 6.8% YoY. LfL rental growthat 6.84%.• Portfolio has seen a -1.8% negative revaluation over 2023 (-0.78% at Q3).Gross portfolio yield stands at 5.73%, up 33bps YoY. EPRA NIY stood at4.7% (+30bps YoY).• LTV stood at 52.40%, up 100bps YoY but down 250bps vs Q3 following thecompletion of a EUR 76m ABB in December.• Disposals: the company closed EUR 66m of disposals in 2023, anticipatingto close another EUR 44m in Q1 2024. The company continues to targetbringing itsXior Student Housing NV is a Belgium-based company active in the field of residential Real Estate. The Company's offer is mainly for students and it includes several types of rooms for rent, including a student house in Leiden.
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