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Property Stocks Down Under 15 June 2022: Aspen Group (ASX:APZ)
Aspen: A re-opening play in the real estate sector
Aspen Group (ASX:APZ) is one of the longest-tenured diversified property stocks on the ASX. Aspen’s specialty is affordable accommodation with retirement estates, built-to-rent apartments, student accommodation and holiday communities (or as Aspen calls them ‘park communities’). The company services households that cannot afford rent over $400 per week or new houses over $400,000 – which it estimates is roughly 40% of Australian households. While the company has held up well throughout the pandemic, we think even better times are ahead of the company with hot demand for its holiday parks and its move into the built-to-rent apartment sector
Click here to read the previous edition of Emerging Stocks Down Under published 8 June 2022.