Aankondiging • Jul 28
Aspen Group to Report Fiscal Year 2026 Results on Aug 18, 2026 Aspen Group announced that they will report fiscal year 2026 results on Aug 18, 2026 Declared Dividend • Jun 25
First half dividend of AU$0.055 announced Shareholders will receive a dividend of AU$0.055. Ex-date: 29th June 2026 Payment date: 28th August 2026 Dividend yield will be 2.8%, which is lower than the industry average of 5.4%. Aankondiging • Jun 18
Aspen Group Announces Final Distribution for the Six Months Ending June 30, 2026, Payable on or About 28 August 2026 Aspen Group announced a final distribution of 5.5 cents per security relating to the six months ending June 30, 2026. This brings total distributions for the full year to 11.0 cents per security, in line with guidance, and a 10% increase on FY25. The second half distribution details are: Amount: 5.5 cents per stapled security (2.0 cps fully franked dividend and 3.5 cps trust distribution) Ex-Distribution Date: 29 June 2026 Record Date: 30 June 2026 Payment Date: On or about Friday 28 August 2026. Aankondiging • Sep 19
Aspen Group, Annual General Meeting, Nov 20, 2025 Aspen Group, Annual General Meeting, Nov 20, 2025. Aankondiging • Jul 18
Aspen Group (ASX:APZ) agreed to acquire Adelaide Portfolio of Small Retirement Villages from Aged Care & Housing Group Inc. for AUD 19 million. Aspen Group (ASX:APZ) agreed to acquire Adelaide Portfolio of Small Retirement Villages from Aged Care & Housing Group Inc. for AUD 19 million on July 17, 2025. The portfolio comprises 19 properties with 129 villas. The acquisition is expected to be funded with debt
Settlement is expected to occur in August 2025. Aankondiging • Jun 20
Aspen Group Announces Final Distribution for Fiscal Year 2025, Payable on or about 29 August 2025 Aspen Group announced a final distribution per security of 5.00 cents for FY25. The total distribution for FY25 is 10.00 cents per security, an increase of 18% on FY24. Ex-Distribution Date: 27 June 2025; Record Date: 30 June 2025; and Payment Date: On or about 29 August 2025. Aankondiging • May 16
Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 70.18 million. Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 70.18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,200,000
Price\Range: AUD 2.9
Transaction Features: Subsequent Direct Listing Aankondiging • Sep 18
Aspen Group Limited Announces Board Changes Aspen Group Limited announced the appointment of John Freedman as an Independent Non-executive Director to the board, effective 25 September 2024. John is currently a Non-executive Director of privately-held aged care group, Advantaged Care Group, and the not-for-profit, My Foundations Youth Housing, which provides low-cost housing for young people in metropolitan Sydney and country NSW. He was formerly CFO of Aveo Group, EGM Finance of Lendlease Investment Management Australia, and Head of Real Estate Equities Research at UBS, where he worked for 15 years. John holds a Bachelor of Business (UTS) and Master of Real Estate (UNSW). Mr. Appleton intends to retire from the Board as Chairman and Director, post Aspen's 2024 AGM. The Board intends to appoint non-executive director Mr. Guy Farrands as Chairman. Mr. Freedman will stand for election by the shareholders at Aspen's 2024 AGM in accordance with Aspen's constitution and ASX listing rules. Recent Insider Transactions • Sep 08
Independent Non-Executive Director recently bought €242k worth of stock On the 4th of September, Edwina Gilbert bought around 187k shares on-market at roughly €1.29 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €322k more in shares than they have sold in the last 12 months. Aankondiging • Aug 30
Aspen Group, Annual General Meeting, Nov 15, 2024 Aspen Group, Annual General Meeting, Nov 15, 2024. Aankondiging • Aug 17
Aspen Group Provides Distribution Guidance for the Fiscal Year 2025 Aspen Group provided distribution guidance for the fiscal year 2025. The company expects DPS of 10.0 cents - up 18% on FY24. Reported Earnings • Aug 16
Full year 2024 earnings released: EPS: AU$0.27 (vs AU$0.31 in FY 2023) Full year 2024 results: EPS: AU$0.27 (down from AU$0.31 in FY 2023). Revenue: AU$91.7m (up 39% from FY 2023). Net income: AU$48.4m (down 11% from FY 2023). Profit margin: 53% (down from 82% in FY 2023). Revenue is expected to decline by 32% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Declared Dividend • Jun 24
First half dividend of AU$0.043 announced Shareholders will receive a dividend of AU$0.043. Ex-date: 27th June 2024 Payment date: 30th August 2024 Dividend yield will be 6.3%, which is higher than the industry average of 5.4%. New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (67% net profit margin). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Feb 26
First half 2024 earnings released: EPS: AU$0.12 (vs AU$0.15 in 1H 2023) First half 2024 results: EPS: AU$0.12 (down from AU$0.15 in 1H 2023). Revenue: AU$42.1m (up 31% from 1H 2023). Net income: AU$22.3m (down 14% from 1H 2023). Profit margin: 53% (down from 80% in 1H 2023). Revenue is forecast to decline by 53% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Jan 24
Eureka Targeted as Takeovers Kick Off Mergers and acquisitions have kicked off in the beaten down listed property sector, with Aspen Group (ASX:APZ) making a bid for fellow affordable accommodation developer Eureka Group Holdings Limited (ASX:EGH) that would create a $500 million company it says would help transform the industry. The move highlights the potential of real estate investment trusts as takeover targets after the beating they have taken from higher bond rates, as investors remain interested in residential stocks. The play would boost growth options for a combined company and help form a low-cost accommodation group across housing, lifestyle and living park estates amid the housing crisis. Aspen believes a merger with Eureka would bring significant benefits to both sets of shareholders, and that the two groups have the potential to be worth more together than as stand-alone entities. Aspen already provides quality accommodation on budget terms for residential, lifestyle and park living. Eureka focuses on affordable rental accommodation for independent seniors and disability pensioners, which is part of Aspen's target market, although there are differences between the companies. The success of the takeover will partly hinge on the attitude of fund manager Cooper Investors, which has a 19% stake in the target and about 10% of Aspen. Upcoming Dividend • Dec 21
Upcoming dividend of AU$0.043 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 February 2024. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.6%). Aankondiging • Dec 13
Aspen Group Declares Dividend for the Period of Six Months Ending December 31, 2023, Payable on February 29, 2024 Aspen Group declared dividend of AUD 0.04250000 for the period of six months ending December 31, 2023, payable on February 29, 2024. Record Date: December 29, 2023. Ex Date: December 28, 2023. Aankondiging • Nov 23
Aspen Group, Annual General Meeting, Nov 22, 2023 Aspen Group, Annual General Meeting, Nov 22, 2023. Aankondiging • Sep 06
Aspen Group, Annual General Meeting, Nov 22, 2023 Aspen Group, Annual General Meeting, Nov 22, 2023. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 82% Last year net profit margin: 161% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (82% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Aug 18
Full year 2023 earnings released: EPS: AU$0.31 (vs AU$0.55 in FY 2022) Full year 2023 results: EPS: AU$0.31 (down from AU$0.55 in FY 2022). Revenue: AU$66.1m (up 42% from FY 2022). Net income: AU$54.4m (down 28% from FY 2022). Profit margin: 82% (down from 162% in FY 2022). Revenue is forecast to decline by 46% p.a. on average during the next 2 years, while revenues in the REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 18
Aspen Group Limited Appoints Edwina Gilbert as Director Aspen Group Limited announced the appointment of Edwina Gilbert as Director of the company. Date of appointment is August 18, 2023. Recent Insider Transactions • Jun 28
Independent Non-Executive Chairman recently bought €55k worth of stock On the 26th of June, Clive Appleton bought around 50k shares on-market at roughly €1.10 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Clive's only on-market trade for the last 12 months. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.22 in 1H 2022) First half 2023 results: EPS: AU$0.15 (down from AU$0.22 in 1H 2022). Revenue: AU$32.2m (up 57% from 1H 2022). Net income: AU$25.9m (down 12% from 1H 2022). Profit margin: 80% (down from 143% in 1H 2022). Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the REITs industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.035 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 February 2023. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Clive Appleton was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Full year 2022 earnings released: EPS: AU$0.55 (vs AU$0.22 in FY 2021) Full year 2022 results: EPS: AU$0.55 (up from AU$0.22 in FY 2021). Revenue: AU$46.7m (up 31% from FY 2021). Net income: AU$75.4m (up 197% from FY 2021). Over the next year, revenue is forecast to decline by 43% while the REITs industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Joint CEO, Joint Company Secretary & Director David Dixon was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Joint CEO, Joint Company Secretary & Director David Dixon was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down AU$9.54m from profit in 1H 2021). Profit margin: (down from 53% in 1H 2021). Over the next year, revenue is forecast to decline by -40% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 03
Joint CEO & Executive Director recently bought €610k worth of stock On the 30th of November, John Carter bought around 728k shares on-market at roughly €0.84 per share. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Aug 21
Full year 2021 earnings released: EPS AU$0.22 (vs AU$0.12 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$35.5m (up 15% from FY 2020). Net income: AU$25.4m (up 114% from FY 2020). Profit margin: 72% (up from 39% in FY 2020). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: €0.75 The company is up 5.0% from its price of €0.72 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 09
New 90-day high: €0.75 The company is up 19% from its price of €0.63 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 11% over the same period. Recent Insider Transactions • Dec 23
Independent Non-Executive Chairman recently bought €249k worth of stock On the 21st of December, Clive Appleton bought around 340k shares on-market at roughly €0.73 per share. This was the largest purchase by an insider in the last 3 months. This was Clive's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 12
New 90-day high: €0.74 The company is up 22% from its price of €0.61 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 9.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €0.71 The company is up 19% from its price of €0.60 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: €0.66 The company is up 7.0% from its price of €0.61 on 21 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: €0.64 The company is up 5.0% from its price of €0.61 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 7.0% over the same period. 
