Which companies are Aspen's closest peers?

The cockpit's peer set: Arena REIT (ARF.AX), LOTTE REIT (330590.KS), Ichigo Office REIT Investment (8975.T), CTO Realty Growth (CTO), Helios Re Socimi (SCHLR.MC), Hoshino Resorts REIT (3287.T), UI Boustead REIT (UIBU.SI), Far East Hospitality Trust (Q5T.SI).

Is Aspen expensive compared with its peers?

On forward p/e it trades at 24.1× against a peer median of 14.1×, 4th most expensive of 17 in its peer set.

How has Aspen stock performed?

Over six months to 6 Nov 2026 the shares returned +6.3% against -9.8% for the median peer; over one year -0.8%.

← CockpitCompetitor Analysis › APZ.AX Aspen Group LimitedOpen in the cockpit ↗

Aspen Group LimitedAPZ.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts

Momentum strong 63

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$802M

US dollars, full cap

Free float

84%

of shares outstanding

$/day

$2.44M

20-day average traded

Fwd P/E

24.1×

forward earnings

ROIC−WACC

n/a

WACC 8.7%

Hurdle

n/a

no reverse DCF

Next earnings

111 days

25 Feb 2027

Close · AUDA$5.05

1D-0.4%

1W+6.3%

1M+7.9%

3M-4.0%

6M+6.3%

YTD-12.8%

1Y-0.8%

ATR %3.4%

52w lowhigh21.5% off high

What Aspen does

No business profile yet.

Aspen at a glance

Size Aspen (APZ.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $802M, the 205th largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.05 on 6 Nov 2026.

Performance Over six months the shares gained 6.3%, against -9.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 30.6% over the last twelve months (peer median +5.0%); the operating margin is 33.7% (peer median 56.9%).

Valuation It trades at 24.1× forward earnings against a peer median of 14.1× (4th most expensive of 17).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Aspen against the median of its 20 peers (local-currency closes).

Aspen financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
	TTM	FY2026	FY2025	FY2024	FY2023
Revenue	A$141M	A$141M	A$108M	A$91.7M	A$66.1M
Revenue growth	—	+31%	+18%	+39%	—
Gross profit	A$73.6M	A$73.6M	A$58.1M	A$48.8M	A$37.2M
EBITDA	A$49.3M	A$49.3M	A$38.0M	A$30.7M	A$22.2M
Net income	A$72.6M	A$72.6M	A$57.0M	A$48.4M	A$54.4M
Free cash flow	A$43.1M	A$43.1M	A$12.6M	A$20.6M	A$11.8M
Capital expenditure	A$2.54M	A$2.54M	A$1.52M	A$1.83M	A$2.27M
Total debt	n/a	A$223M	A$131M	A$200M	A$172M

Quarterly statements and history in the cockpit →

Aspen competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Aspen is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Aspen is the large dot.

Aspen competitors and peer comparison

How Aspen compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Aspen against its 20 peers (data as of 6 Nov 2026)
Measure	APZ.AX	Peer median	Rank in peer set
1-month return	+7.9%	-1.1%	4th highest of 21
6-month return	+6.3%	-9.8%	3rd highest of 21
Distance from 52-week high	-21.5%	-18.5%	8th lowest of 21
Revenue growth (TTM)	+30.6%	+5.0%	4th highest of 19
Operating margin	33.7%	56.9%	6th lowest of 20
Forward P/E	24.1×	14.1×	4th most expensive of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Aspen APZ.AX	Australia	$802M	+6%	+31%	34%	24.1×	n/a	n/a
Arena REIT ARF.AX	Australia	$801M	-13%	+7%	98%	13.8×	n/a	n/a
LOTTE REIT 330590.KS	South Korea	$792M	-16%	+13%	67%	24.4×	n/a	n/a
Ichigo Office REIT Investment 8975.T	Japan	$816M	-6%	-18%	46%	10.5×	n/a	n/a
CTO Realty Growth CTO	United States	$783M	0%	+16%	25%	50.1×	n/a	n/a
Helios Re Socimi SCHLR.MC	Spain	$779M	0%	n/a	76%	22.2×	n/a	n/a
Hoshino Resorts REIT 3287.T	Japan	$831M	-11%	+44%	39%	16.4×	n/a	n/a
UI Boustead REIT UIBU.SI	Singapore	$831M	-5%	n/a	n/a	13.5×	n/a	n/a
Far East Hospitality Trust Q5T.SI	Singapore	$831M	-10%	+6%	75%	16.1×	n/a	n/a
Indus Infra Trust INDUSINVIT.NS	India	$842M	+3%	+41%	74%	n/a	n/a	n/a
Slate Grocery REIT SGR-UN.TO	Canada	$763M	+8%	+2%	58%	12.4×	n/a	n/a
Summit Hotel Properties INN	United States	$845M	+27%	+2%	10%	n/a	n/a	n/a
NIPPON REIT Investment 3296.T	Japan	$852M	-18%	+42%	26%	14.5×	n/a	n/a
Vital Infrastructure Property Trust VITL-UN.TO	Canada	$853M	-15%	-28%	50%	n/a	n/a	n/a
Safehold SAFE	United States	$750M	-30%	+13%	74%	6.5×	n/a	n/a
CapitaLand China Trust AU8U.SI	Singapore	$860M	-7%	-10%	59%	12.8×	n/a	n/a
Postal Realty Trust PSTL	United States	$863M	-5%	+22%	38%	30.8×	n/a	n/a
JBG SMITH Properties JBGS	United States	$729M	-20%	-1%	0%	n/a	n/a	n/a
Starhill Global Real Estate Investment Trust P40U.SI	Singapore	$884M	-13%	0%	68%	11.4×	n/a	n/a
CDL Hospitality Trusts J85.SI	Singapore	$725M	-10%	+4%	28%	15.6×	n/a	n/a
Stoneweg Europe Stapled Trust SEB.SI	Singapore	$889M	-12%	-2%	57%	9.4×	n/a	n/a

Questions

Which companies are Aspen's closest peers?: The cockpit's peer set: Arena REIT (ARF.AX), LOTTE REIT (330590.KS), Ichigo Office REIT Investment (8975.T), CTO Realty Growth (CTO), Helios Re Socimi (SCHLR.MC), Hoshino Resorts REIT (3287.T), UI Boustead REIT (UIBU.SI), Far East Hospitality Trust (Q5T.SI).
Is Aspen expensive compared with its peers?: On forward p/e it trades at 24.1× against a peer median of 14.1×, 4th most expensive of 17 in its peer set.
How has Aspen stock performed?: Over six months to 6 Nov 2026 the shares returned +6.3% against -9.8% for the median peer; over one year -0.8%.