Last Friday, a memo from the Dutch Government changed the potential impact for Xior of the earlier announced rent freeze for 2025 and 2026. The Spring Memorandum proposed a temporary freeze on rent indexation for social housing. The bill now proposes that the measure will apply only to housing corporations. Private and commercial landlords are excluded from this regulation. In the 1Q25 report, Xior estimated the maximum impact of the rent freeze on indexation is around € 640k, without potential ...
EVS: Weak start to the year, sales guidance maintained excluding FX, EBIT guidance low Just Eat Takeaway.com: Prosus offer launched KBC: CFO meeting – navigating above targets, strong loan growth & NII path NEPI Rockcastle: Robust Q1 results, strong top line Xior Student Housing: Dutch rent freeze not applicable to Xior
1Q started with a very strong 5.5% LFL growth and an improved operational margin of 86.3%. We like the portfolio movement that was up 1.4% YTD, with positive revaluations at +0.9%, underpinned by strong organic performance. Pro forma debt ratio is at 48.3%. Disposals will continue but in a more opportunistic manner, without a precise target. For the time being the focus is on development projects. 2025 guidance is reconfirmed, we fine-tune our estimates marginally, and we fully confirm our €40.0...
Acomo: Cocoa-nuts. Cofinimmo: Strong operational start of the year. IMCD: Favourable start of the year. Randstad: Capital Markets Event 2025; rewriting the industry. Signify: Calm 1Q25 before tariff storm. Universal Music Group: EU to probe planned acquisition of Downtown Music. 1Q25 preview. WDP: Good investment, lighter LFL, guidance reconfirmed. Xior Student Housing: Strong organic trends continue. Events Calendar
Xior reported EPRA EPS of 0.43 that slightly beat our 0.42 expectation (excl. IFRIC costs). Xior NRI was flat yoy after its disposal program of FY24, but like-for-like growth remained high at 5.5%. LTV% also fell below 50% at 48.8%. Xior repeated its flat EPRA EPS outlook for FY25 of 2.21 per share. Xior expects an underlying strong FY25 thanks to a mix of factors: new assets + lfl growth of >5% and cost savings. The cost of debt decreased slightly from 3.10% (FY24) to 3.04%. The asset disposal ...
proposition is to freeze the indexation for social rents for 2025 and 2026. The government plans to eliminate the rent increase for social housing in 2025 and 2026, setting the maximum rent increase to 0%. A compensation scheme is outlined to address the loss of rental income due to the rent freeze, with EUR 270m reserved in 2026 and 405m in both 2027 and 2028. The compensation applies to the entire social housing segment to avoid conflicts with European State Aid rules. As Xior NL is about 50% ...
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