Aspen Group
Aspen Group is a specialized Real Estate Investment Trust (REIT) focusing on ownership, management, and development of real estate assets primarily within Australia. The company is strategically positioned in the market to leverage its expertise in commercial, industrial, and accommodation properties, aiming for sustainable growth by providing affordable residential and tourist park accommodation options. Aspen's unique value proposition lies in its diversified portfolio and cost-efficient property management, delivering consistent returns to investors.
Short position
Aspen Group (ASX:APZ) has 0.36% of its shares on issue reported as short positions as of 5 Oct 2026, or about 817,078 shares. Over the past 30 days that figure has fallen 0.16 percentage points, and over 90 days it has fallen 0.20 percentage points. Its highest recorded short interest was 3.23% in October 2012. APZ is classified in the Equity Real Estate Investment Trusts (REITs) industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
Price & short interest
Toggle series, zoom, and compare · ASIC daily, T+4Aspen Group (APZ) financials
Results, ratios and statements
Latest result
Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency
- Revenue
- $141.2MM (source: ASX (Markit))vs $108.1MM (source: ASX (Markit)) (FY25)
- ASX (Markit), as at 29 Sep 2026
- NPAT
- $72.6MM (source: ASX (Markit))vs $57.0MM (source: ASX (Markit)) (FY25)
- ASX (Markit), as at 29 Sep 2026
- EPS (diluted)
- $0.31T (source: Derived: trailing 12 months at year end)vs $0.28T (source: Derived: trailing 12 months at year end) (FY25)
- Derived: trailing 12 months at year end, as at 29 Sep 2026
- Rev YoY
- +30.6%FY
- EPS YoY
- +13.3%TTM
- ASX (Markit)
- Derived: trailing 12 months at year end
Summary of Annual Report to Shareholders, 9 Oct 2026
Aspen Group delivered a strong year, with underlying pre-tax earnings per security up 30% to 21.8 cents and distributions rising 10% to 11 cents per security. The company upgraded FY27 guidance, expecting a further 20% increase in underlying EPS to 26.1 cents and a 9% dividend increase to 12 cents.
Automated summary of the filing; the filing itself is the record.
Key ratios
Year to 30 Jun 2026 (FY); no balance sheet aligned with this period; prices to 9 Oct 2026
- Gross margin
- 59.9%
- Operating margin
- 33.6%
- Net margin
- 51.4%
- FCF margin
- 36.8%
- ROE
- n/a
- ROA
- n/a
- FCF conversion
- 0.72×
- Net debt (excl. leases)
- n/a
- Net debt / EBITDA
- n/a
- Current ratio
- n/a
- Interest cover
- 9.6×
- Cash dividends paid / net profit
- 32.9%
- Market cap
- n/a (no share count we can vouch for)
- P/E
- 15.2×
- P/B
- n/a (no share count we can vouch for)
Property trust: profit and EBITDA include property revaluations, so margins and returns move with valuations.
Ratios use the reporting currency (AUD); market cap is in AUD. Sources: ASX (Markit) and Derived: trailing 12 months at year end, as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $141.2MM (source: ASX (Markit)) | $108.1MM (source: ASX (Markit)) | $91.1M | $65.7M |
| Gross profit | $84.6MT (source: Derived: trailing 12 months at year end) | n/a | $56.3M | $43.4M |
| Operating income | $47.5MT (source: Derived: trailing 12 months at year end) | n/a | $26.9M | $20.5M |
| EBITDA | $104.7MT (source: Derived: trailing 12 months at year end) | n/a | $73.0M | $60.8M |
| EBIT | $103.0MT (source: Derived: trailing 12 months at year end) | n/a | $71.5M | $59.6M |
| Interest expense | $4.9MT (source: Derived: trailing 12 months at year end) | n/a | $7.3M | $3.9M |
| Pretax income | $98.0MT (source: Derived: trailing 12 months at year end) | n/a | $64.3M | $55.7M |
| Tax | $25.5MT (source: Derived: trailing 12 months at year end) | n/a | $15.8M | $1.3M |
| NPAT | $72.6MM (source: ASX (Markit)) | $57.0MM (source: ASX (Markit)) | $48.4M | $54.4M |
| Net interest income | −$4.6MT (source: Derived: trailing 12 months at year end) | n/a | −$7.0M | −$3.7M |
| EPS basic | $0.32T (source: Derived: trailing 12 months at year end) | $0.28T (source: Derived: trailing 12 months at year end) | $0.26 | $0.31 |
| EPS diluted | $0.31T (source: Derived: trailing 12 months at year end) | $0.28T (source: Derived: trailing 12 months at year end) | $0.26 | $0.31 |
| Shares | n/a | n/a | 199.2M | 179.4M |
- ASX (Markit)
- Derived: trailing 12 months at year end
Financial reports
The company's own filings, newest first
- Annual Report to ShareholdersAnnual Report9 Oct 2026via asx_announcements
- APZ Appendix 4E and Financial Statements 30 June 2026Annual Results18 Aug 2026via asx_announcements
- Aspen Group - 1HFY26 Financial Results PresentationFinancial Report19 Feb 2026via asx_announcements
- APT Interim Financial Report December 2025Half Year Results19 Feb 2026via asx_announcements
- Appendix 4D and Interim Financial Report December 2025Half Year Results19 Feb 2026via asx_announcements
- 15 May 2025 – Equity Raising PresentationFinancial Report31 Dec 2025via smart_crawler
- 20 Feb 2025 – HY25 Results PresentationFinancial Report31 Dec 2025via smart_crawler
- 20 Nov 2025 – 2025 Slide PackFinancial Report31 Dec 2025via smart_crawler
- 15 May 2025 – Business Update and Equity RaisingFinancial Report31 Dec 2025via smart_crawler
- 27 May 2025 – Bell Potter ConferenceFinancial Report31 Dec 2025via smart_crawler
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