• Six properties externally revalued, 6.6% above 30 June 2024 book value
• All properties expected to generate higher net rental income in FY25
• Interim distribution increased 18% to 5.00 cents per security

Aspen Group (ASX: APZ) is pleased to announce independent property valuations that are 6.6% above 30 June 2024 book value, and an 18% increase in half year distribution to 5.00 cents per security. Six properties were externally revalued, representing 15% of Aspen's total investment property value. The total valuation is 6.6% above the 30 June 2024 book value, and all these properties are expected to generate higher net rental income in FY25 compared to FY24. The weighted average capitalization rate (WACR) is unchanged, however the assumed cap rate expanded 25-50bps for all properties except 126 Peninsula Road, Maylands which contracted by 75bps. Aspen has declared an interim distribution of 5.00 cents per security, up 18% on the previous corresponding period, and 50% of the minimum distribution guidance of 10.00 cents per security for FY25.

Aspen expects to release its half year results on 20 February 2025.