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BRIEF-Aspen Group Enters Contracts To Acquire A Portfolio Of Residential Properties In Perth

Published 22/10/2019, 05:01 pm
© Reuters.  BRIEF-Aspen Group Enters Contracts To Acquire A Portfolio Of Residential Properties In Perth

Oct 22 (Reuters) - Aspen Group Ltd APZ.AX :

* ENTERED CONTRACTS TO ACQUIRE A PORTFOLIO OF 84 RESIDENTIAL PROPERTIES IN PERTH, WESTERN AUSTRALIA

* PORTFOLIO IS BEING ACQUIRED FOR $20 MILLION

* CONTRACTS ARE UNCONDITIONAL AND ARE EXPECTED TO SETTLE IN EARLY DECEMBER 2019

* FY20 GUIDANCE REMAINS UNCHANGED FOR UNDERLYING EARNINGS PER SECURITY OF 6.75-7.00 CENTS AND DISTRIBUTION PER SECURITY OF 6.00 CENTS

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