• FY26 Pre Tax Comprehensive Income per security increased 17% to $0.45
• Upgraded FY27 guidance with expected 20% increase in Pre Tax EPS
• Significant new development approvals to support continued growth
• Strong operational performance with 21% increase in Net Rental Income

Aspen Group (ASX: APZ) reported strong financial results for FY26, with Pre Tax Comprehensive Income per security increasing by 17% to $0.45. The company also upgraded its FY27 guidance, projecting a 20% increase in Pre Tax Earnings Per Share (EPS) to 26.1 cents. Net Rental Income rose by 21% to $42.4 million, and Realised Development Profit increased by 71% to $21.7 million. Aspen Group secured significant new development approvals, with 716 new dwellings/sites approved across multiple projects. The company also acquired a portfolio of 198 residential villas in Adelaide and sold several parks to optimize its portfolio. The strong financial performance and strategic acquisitions position Aspen Group for continued growth.

FY27 Net Rental Income guidance: $44m, Realised Development Profit: $33m, Pre Tax EPS: 26.1 cents

Aspen Group expects continued strong growth in FY27, driven by new development approvals and strategic acquisitions. The company anticipates a 20% increase in Pre Tax EPS and a higher proportion of distributions to be franked.