Aspen Group posts 17% profit growth in FY26

• Aspen Group delivered a 17% increase in pre-tax comprehensive income per security to 44.6 cents for FY26.
• The company's share price traded up at $5.44 following the financial release.
• Management raised FY27 earnings guidance based on expanding rental income and new development approvals.

Aspen Group (ASX:APZ) reported pre-tax comprehensive income per security of 44.6 cents for FY26, representing a 17% increase compared to the previous year.

The financial results surpassed earlier market expectations as net rental income rose 21% to $42.4 million.

The NRI margin expanded from 52% to 56% through operational management, refurbishment that has improved properties and reduced costs, better marketing and portfolio mix.

Realised development profit grew 71% to $21.7 million, while average weekly gross rent per dwelling increased 6% to $346.

Following the announcement, the Aspen Group share price was up at $5.44.

The business continues to expand its underlying portfolio, increasing its total average dwellings and sites by 6% to 4,222 units during the period.

For FY27, the company expects net rental income of $44 million, up from $42 million.

Operating EBITDA for FY27 is expected to be $66 million, while realised development profit reached $33 million.