Homebuilder Peet in Right Place at the Right Time -- Market Talk

Dow Jones

Dec 04, 2025

2343 GMT - Property markets in Western Australia and Queensland have been particularly strong recently, and that's good news for developer Peet, which has multiple projects in each state, says Euroz Hartleys. Analyst Gavin Allen points to Peet's Flagstone development in Queensland, along with projects in Yanchep and Alkimos in WA, as examples. Peet's recent trading update signaled a FY 2026 net profit of A$74 million-A$78 million. At the top end, that would represent growth of 34% on Peet's record A$58.5 million profit in FY 2025. Euroz Hartleys raises the target by 11% to A$2.56 after upgrading its revenue and earnings forecasts. "Our previous numbers excluded any meaningful recovery from Victorian and ACT markets, which offers potentially unmodelled upside," Euroz Hartleys says. Peet is down 0.8% at A$1.945. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

December 03, 2025 18:43 ET (23:43 GMT)

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Analyst Gavin Allen points to Peet's Flagstone development in Queensland, along with projects in Yanchep and Alkimos in WA, as examples. Peet's recent trading update signaled a FY 2026 net profit of A$74 million-A$78 million. At the top end, that would represent growth of 34% on Peet's record A$58.5 million profit in FY 2025. Euroz Hartleys raises the target by 11% to A$2.56 after upgrading its revenue and earnings forecasts. \"Our previous numbers excluded any meaningful recovery from Victorian and ACT markets, which offers potentially unmodelled upside,\" Euroz Hartleys says. Peet is down 0.8% at A$1.945. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2025 18:43 ET (23:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Homebuilder Peet in Right Place at the Right Time -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHomebuilder Peet in Right Place at the Right Time -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-04 07:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2343 GMT - Property markets in <a href=\"https://laohu8.com/S/WER.AU\">Western Australia</a> and Queensland have been particularly strong recently, and that's good news for developer Peet, which has multiple projects in each state, says <a href=\"https://laohu8.com/S/EZL.AU\">Euroz</a> Hartleys. Analyst Gavin Allen points to Peet's Flagstone development in Queensland, along with projects in Yanchep and Alkimos in WA, as examples. Peet's recent trading update signaled a FY 2026 net profit of A$74 million-A$78 million. At the top end, that would represent growth of 34% on Peet's record A$58.5 million profit in FY 2025. Euroz Hartleys raises the target by 11% to A$2.56 after upgrading its revenue and earnings forecasts. \"Our previous numbers excluded any meaningful recovery from Victorian and ACT markets, which offers potentially unmodelled upside,\" Euroz Hartleys says. Peet is down 0.8% at A$1.945. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2025 18:43 ET (23:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7145","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588788660","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588788660","pubTimestamp":1764805380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2343 GMT - Property markets in Western Australia and Queensland have been particularly strong recently, and that's good news for developer Peet, which has multiple projects in each state, says Euroz Hartleys. Analyst Gavin Allen points to Peet's Flagstone development in Queensland, along with projects in Yanchep and Alkimos in WA, as examples. Peet's recent trading update signaled a FY 2026 net profit of A$74 million-A$78 million. At the top end, that would represent growth of 34% on Peet's record A$58.5 million profit in FY 2025. Euroz Hartleys raises the target by 11% to A$2.56 after upgrading its revenue and earnings forecasts. \"Our previous numbers excluded any meaningful recovery from Victorian and ACT markets, which offers potentially unmodelled upside,\" Euroz Hartleys says. Peet is down 0.8% at A$1.945. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7145":"房地产开发","PPC.AU":"PEET LTD"},"translate_title":"住宅建筑商Peet在正确的时间出现在正确的地点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPC.AU":0.9},"content_text":"2343 GMT - Property markets in Western Australia and Queensland have been particularly strong recently, and that's good news for developer Peet, which has multiple projects in each state, says Euroz Hartleys. Analyst Gavin Allen points to Peet's Flagstone development in Queensland, along with projects in Yanchep and Alkimos in WA, as examples. Peet's recent trading update signaled a FY 2026 net profit of A$74 million-A$78 million. At the top end, that would represent growth of 34% on Peet's record A$58.5 million profit in FY 2025. Euroz Hartleys raises the target by 11% to A$2.56 after upgrading its revenue and earnings forecasts. \"Our previous numbers excluded any meaningful recovery from Victorian and ACT markets, which offers potentially unmodelled upside,\" Euroz Hartleys says. Peet is down 0.8% at A$1.945. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 03, 2025 18:43 ET (23:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}