Aspen Group (ASX: APZ) has reported robust growth in its HY25 results, with total comprehensive income before tax reaching AU$42.5 million and statutory net profit at AU$31.2 million. Underlying operating earnings rose 31% to AU$16.1 million, supported by a 13% increase in net rental income to AU$17.2 million and a 68% surge in development profit to AU$5.5 million. Net asset value per security grew by 7% to AU$2.39, while distributions increased 18% to 5.00 cents per security. The company continues to enhance portfolio quality through disciplined acquisitions, refurbishments, and developments.
Aspen upgraded its FY25 guidance, expecting a 21% rise in EPS to 16.7 cents and an 18% increase in distributions to 10.0 cents per security. With a low-cost pipeline of 1,100 sites and further expansion plans, Aspen remains well-positioned to capitalize on Australia’s growing demand for affordable housing.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.