Aspen Group Reports Strong Growth and Earnings

Aspen Group Limited (AU:APZ) has released an update.

Aspen Group Limited has reported robust financial results for FY24, with significant increases in net asset value, earnings, and distributions, largely due to disciplined acquisitions, disposals, and development activities. The company’s operational management has improved, resulting in a 50% property NOI margin and a record in development sales and prices, while maintaining a strong balance sheet with a 26% gearing ratio. Aspen’s customer-focused strategy has kept rents and sales prices competitive, contributing to a positive growth outlook.

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