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Aspen Group Raises $74m to Cut Debt and Fuel Growth Amid Housing Shortage
2:26am on Monday 2nd of June, 2025 AEST
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Real Estate
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Aspen Group Raises $74m to Cut Debt and Fuel Growth Amid Housing Shortage
2:26am on Monday 2nd of June, 2025 AEST
Key Points
Equity raising of up to $74 million via institutional placement and security purchase plan
Gearing ratio to fall from 27% to 17% post-raising
FY25 underlying EPS guidance maintained at 16.7 cents
Strong rental income growth and robust development pipeline
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Aspen (ASX:APZ)
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