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XIOR STUDENT HOUSING PRESS RELEASE Antwerp , Belgium - 27 April 2021 - Embargo until 7:40 ( CET ) Regulated information Interim announcement of the Board of Directors First quarter 2021 - ending on 31 March 2021 New rental season takes flying start First in Belgium : Xior launches Green CP / MTN programme Q1 figures in line with expectations New rental season takes flying start • Massive search for rooms in Belgium : in Ghent and Leuven , the demand for rooms was multiple times higher than the current supply . These cities are now as good as fully let . Other cities are also receiving more applications than usual , and open house days are fully booked several days in advance . • In the Netherlands , the rental season does not start until mid - May , but here too , hundreds of students are already standing in line . In Spain & Portugal , where the rental peak is even later , Xior is already seeing more applications and renewals . In almost all cities , the rental season started earlier than usual and higher retention rates are observed , even exceeding last year's levels . Corona or not , students are all too eager to move into a student room . The next academic year looks very promising for the entire Xior portfolio . Launch of first Green CP / MTN¹ programme in Belgium • Xior diversifies her liquidity and financing position with an inaugural Green CP / MTN programme of MEUR 100. This is the first commercial paper programme with a green character on the Belgian market . Key figures Q1 2021 • Q1 2021 results in line with expectations . • • EPRA earnings - group share of EUR 0.33 / share² - ( EUR 0.42 / share after IFRIC 21 adjustment ) . EPRA earnings - group share of KEUR 7,199 , which is an increase of 20 % as compared to Q1 2020 - ( KEUR 9,339 after IFRIC 21 adjustment ) . Net rental result increased to KEUR 17,627 , a 26 % increase compared to Q1 2020 . • • EPRA NAV / share³ of EUR 36.35 compared to EUR 34.87 at 31/12/2020 . • EPRA NTA / share³ of EUR 35.60 compared to EUR 33.99 at 31/12/2020 . • • Debt ratio of 43.92 % compared to 54.18 % at 31/12/2020 . Following the successful capital increase of approx . MEUR 179 in March 2021 , the debt ratio had fallen to approx . 42 % . Occupancy rate of 97.7 % for Q1 2021 compared to 98.3 % for the whole of 2020 . The property portfolio rose to MEUR 1,573 with 11,087 lettable student units . If the committed pipeline is fully completed , the portfolio will increase to approx . MEUR 2,000 with more than 17,000 lettable student units and the annualised rent will reach approx . MEUR 116 . 1 CP / MTN = Commercial Paper / Medium Term Notes 2 The figures per share are based on the weighted average number of shares ( depending on the respective dividend entitlements ) , unless stated otherwise . 3 Based on the number of shares issued . 1