Australia's Aspen climbs to 1-1/2-month high on FY27 outlook

Aspen

18/08/2026 02:36

** Shares of Australia's Aspen Group APZ.AX rise as much as 6.6% to A$5.370, on track for their strongest session since April 15, if trends hold
** Stock hits its highest level since July 8
** The real estate company posts full-year revenue of A$141.1 million ($100.34 million), up 32% from the previous year
** Company posts underlying operating earnings for the year of A$49.6 million, up 46% from the previous year
** Company sees FY27 EBITDA of A$66 million, up 22% from FY26 EBITDA of A$54 million
** Citi says company's FY26 results beat expectations and the upgrade to FY27 outlook reinforces its positive view on the affordable housing-focused property group
** Stock down 7.9% YTD, including sessions' moves

($1 = 1.4063 Australian dollars)

 (Reporting by Shravya Marakini in Bengaluru)
 ((shravya.marakini@thomsonreuters.com;))