Report
Xior 1Q26 results, Like-for-like growth persists
Xior reported a resilient 1Q26 with 5% like-for-like growth. Net rental income grew 11% and EPRA net profit came in line with our estimate of €20.3m, up 4.6% YoY. Also LTV% came down 0.3% to 49.5%. Xior has stabilised its business and enjoys better visibility with no refinancing needs over the next 18 months. The cost of debt decreased slightly from 3.06% (FY25) to 3.05%. The asset disposal program has largely terminated and Xior looks set to gradually develop (or partly spin off) its landbank pipeline. The current FY26-27 pipeline has an expected rental income of 10.2m with cost-to-come of only €9m. Xior confirmed its EPRA EPS26 at €2.30. There is no analyst call, but these results speak for themselves. We maintain our Buy rating as Xior's business is unaffected by the current geo-political noise.
Underlying
Xior Student Housing N.V.
Xior 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.
Provider
KBC Securities
We are a financial services provider for several types of professional clients, each with distinct needs.
Wim Lewi
Other Reports on these Companies
Other Reports from KBC Securities
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.