Peet Upgrades Fiscal 2025 Profit Guidance

MT Newswires Live

2025/04/29

Peet (ASX:PPC) raised its guidance for fiscal 2025 net profit after tax to a range of AU$55 million to AU$58 million, from a previous expectation of between AU$50 million and AU$55 million, according to a Tuesday filing with the Australian bourse.

The residential real estate developer also expects the full-year dividend to be at the upper end of its payout ratio of 50% to 60% of earnings, the filing stated.

The upgrade was attributed to the positive performance of Peet's national portfolio of projects.

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