Peet Limited Achieves Strong Sales Amid Housing Demand

Peet Limited (ASX: PPC) reported a solid performance for FY2025, reflecting resilience in Australia’s housing sector despite broader economic pressures. The company recorded strong demand across its residential communities, supported by population growth, government incentives, and ongoing housing undersupply. According to the sales chart on page 4, settlements increased year-on-year, while presales remained robust, providing earnings visibility into FY2026. The company also highlighted land banking opportunities and continued investment in master-planned communities, positioning itself for long-term growth.

Management emphasized its disciplined approach to capital management, maintaining a healthy balance sheet while funding new project launches. Although rising interest rates and construction costs pose challenges, Peet remains confident that demographic trends and housing affordability pressures will sustain demand. With a diversified project pipeline and a stable financial base, Peet is well-placed to navigate market uncertainties and capture growth opportunities.

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