By Digifin Pty Ltd · About this coverage
Key Points
- 1Q FY27 NRI $12.7m (+16%), EBITDA $17.8m (+38%), pre-tax EPS 7.1c (+34%) vs 1Q FY26
- FY27 guidance reiterated: NRI $44m, development profit $33m, EBITDA $66m, pre-tax EPS 26.1c
- Company says on track for at least 20% Underlying EPS growth in FY27
- Lifestyle house average sale price $520k; development profit margin 36%
About Aspen Group (ASX:APZ)
Aspen Group Limited is an ASX-listed housing and property company based in Surry Hills, New South Wales. It owns, operates and develops residential, lifestyle and park accommodation properties across Australia.
Aspen Group (ASX:APZ) said 1Q FY27 financial results were above expectations, particularly from the rental pool, and that it remains on track for at least 20% growth in Underlying EPS and reiterated FY27 guidance.
Net rental income rose 16% to $12.7m from $10.9m, realised development profit 96% to $7.9m from $4.0m, EBITDA 38% to $17.8m from $12.9m, and pre-tax EPS 34% to 7.1 cents from 5.3 cents versus 1Q FY26. FY27 guidance reiterated includes net rental income $44m, realised development profit $33m, EBITDA $66m and pre-tax EPS 26.1 cents (about 20% growth on FY26). Lifestyle house average sale price was $520k, with development profit margin expanding 5 percentage points to 36%. Contracts on hand were described as representing about 78% of FY27 development profit guidance. The release does not provide statutory NPAT for the quarter.
Source: Aspen Group Limited (ASX:APZ), 5 October 2026. Summary content supplied by Digifin Pty Ltd.
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