Peet Limited (ASX: PPC) is a premier Australian property developer with a 130-year history of creating high-quality residential communities. With a vast, strategically located land bank, the company ensures cost-effective developments aligned with future population growth.
In the first half of FY25, Peet delivered impressive financial results, with a 63% increase in net profit after tax to AU$25.2 million and a 64% rise in earnings per share to 5.38 cents. The company sold 1,370 lots, accumulating AU$661 million in contracts, while maintaining a strong balance sheet with a gearing ratio of 35.3% and AU$130 million in cash and debt headroom.
Peet’s commitment to sustainability, disciplined capital management, and strategic acquisitions position it for continued success. Focused on delivering value to shareholders and creating thriving communities, Peet remains a key player in Australia’s residential development sector.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
