Peet (ASX: PPC) — Company Overview, News & Financial Data
Peet Limited specializes in developing residential communities across major Australian metropolitan areas.
PPC Peet
Company profile
Peet
Peet is a residential property developer based in Australia that specializes in the acquisition, master planning, development, and sale of residential land estates, townhouses, and medium-density apartments. Founded in 1895, the company manages a portfolio of more than 40 active land and housing projects across major metropolitan growth corridors in Western Australia, Victoria, Queensland, South Australia, New South Wales, and the Australian Capital Territory. Its business model encompasses direct real estate development, joint venture partnerships with landowners and governments, and wholesale and retail funds management.
Snapshot
Public AUOwnership
1895Year founded
51–200Employees
Perth, AustraliaHead office
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Global footprint
Operations
Products and/or services of Peet
- Masterplanned Land Estates: Acquires, subdivides, and develops large greenfield land tracts into masterplanned residential communities, selling serviced residential land parcels to individual buyers, volume homebuilders, and commercial developers across growth corridors in key Australian metropolitan regions.
- Joint Ventures and Co-Investments: Partners with state government housing agencies, private landholders, and institutional investors to co-develop large-scale residential projects, providing capital-efficient growth through shared financial commitment, fee income, and long-term land development management expertise.
- Funds Management and Syndication: Establishes, structures, and manages unlisted property syndicates and retail property funds, managing third-party investor capital while earning acquisition, management, performance, and selling fees throughout the project delivery and land release lifecycle.
- Townhouse and Medium-Density Developments: Designs, constructs, and markets architecturally designed medium-density townhouses and low-to-medium-rise residential infill housing projects, providing integrated turn-key urban living options in connected suburban and urban renewal locations across Australia.
- Apartment Real Estate Projects: Develops high-density and medium-density apartment buildings within larger urban masterplans and transit-oriented development corridors, catering to owner-occupiers and property investors seeking contemporary multi-residential housing solutions.
- Integrated Land and Built-Form Services: Provides end-to-end urban planning, civil infrastructure construction management, landscape architectural design, community amenity delivery, and marketing services to transform raw land holdings into completed, fully serviced suburban residential neighborhoods.
Peet executive team
- Brett Charles FullartonChief Executive Officer
- Mark J. WinkworthChief Financial Officer
- Peter James DumasChief Investment Officer
- Dom ScafettaGroup Company Secretary
- Melanie CoadyHead of Marketing & Communications
- Liezl UlrichHead of People & Culture
Latest news about Peet
Peet executes $615M joint venture
AustraliaIngenia Communities Group matches Warburg Pincus takeover proposal
AustraliaCapital battles heat up as takeover offers challenge listed housing operators
AustraliaIngenia receives buyout proposal worth $5.40 per security
AustraliaIngenia Communities extends talks with Warburg on $5.25 bid
AustraliaIngenia rejects $2.14B Warburg Pincus buyout offer
Australia
Recent announcements
What Peet (PPC) has told the market, newest first.
- Execution of Flagstone JV Implementation DeedPrice sensitive
- Form 604 - Change in substantial holding from INA
- Scheme Booklet Despatched to Peet ShareholdersPrice sensitive
- Peet Confirms Registration of Scheme BookletPrice sensitive
- Form 604 - Change in substantial holding from INA
- Ceasing to be a substantial holder
- Change in substantial holding
- Business Update
Dividend history
Dividends per share paid by Peet, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2027(to date) | A$0.0650 | — | — | A$0.0650 |
| FY2026 | A$0.0500 | A$0.0650 | — | A$0.1150 |
| FY2025 | A$0.0275 | A$0.0275 | — | A$0.0550 |
| FY2024 | A$0.0400 | A$0.0150 | — | A$0.0550 |
| FY2023 | A$0.0400 | A$0.0350 | — | A$0.0750 |
Key financials
Reported results for Peet, in AUD.
- Market cap
- 705.8M
- Revenue (TTM)
- 419.1M
- P/E ratio
- 6.8
- EPS (diluted, TTM)
- 0.2
- Dividend yield
- 8.9%
- Profit margin
- 24.7%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 419.1M | 113.9M | 103.4M | |
| 414.8M | 85.3M | 58.5M | |
| 292.6M | 52.2M | 36.6M | |
| 318.9M | 52.6M | 70.1M |