Aster Group has increased its turnover by 25%, boosted by extra rental income following recent acquisitions.

The 36,000-home association, in its annual financial statement for 2022/23, reported turnover of £301m, up from £241m the previous year.

The group, which operates across the south of England, increased its social housing income by £38m to £226m, due to a 4.1% inflation-linked rent increase and the addition of new homes. It said its income was also boosted by extra rental income from the acquisition of Central & Cecil Housing Trust last year and care provider Enham Trust in October. Its shared ownership first tranche income rose from £45m to £60m.