Aspen Group provided earnings guidance for the financial year 2022. For the year, the company expects underlying earnings per security is to be at least 8.50 cents, a 12% increase on financial year 2021, this forecast excludes: Trading Profits relating to the sale of houses from the Perth house portfolio totaling $1.59 million (1.16 cps) in financial year 2022 and $0.19 million (0.16 cps) in Financial year 2021; Development Profits relating to the sale of residential land lots at Coorong Quays in June. At the time of entering into contracts for the acquisition, these sales were included in the estimate of net working capital, not development inventory.

Aspen has received about $1.7 million of cash from these sales since the acquisition was settled on 1 June 2022.