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Peet (ASX:PPC), a residential land developer, has performed strongly before being taken over by Ingenia's proposal. In May 2026, SG Hiscock noted Peet upgraded FY26 profit guidance by about 12% at the midpoint, driven by sustained strength in Western Australia and Queensland. Pengana described Peet as a key contributor over 12 months, seeing value in smaller, more affordable housing, and Oracle highlighted its large pre-activated land bank and asset-light funds management model. Endeavor exited the position in July, and Ingenia later proposed to acquire Peet. Peet operates in the Financials sector within the Real Estate Management and Development industry, and Thesis Tracker has captured 10 comments from 6 fund managers, including SG Hiscock, Pengana, Oracle and Endeavor. Founded in 1895 and headquartered in Perth, Peet acquires, develops and sells residential land in masterplanned communities across Australia, through its own projects and funds management partnerships.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Cromwell Funds Management and Pengana Capital have invested in Peet Ltd (ASX:PPC).
Managers highlight a profit guidance upgrade, strength in WA and Queensland housing markets, a large land bank and an asset-light funds model, according to SG Hiscock, Pengana and Oracle.
The available commentary does not detail specific risks, though Peet's earnings depend on housing market conditions, and Endeavor exited the position.
Peet Ltd is an Australian property developer founded in 1895 and headquartered in Perth. The company specializes in the acquisition, development, and sale of residential land. Its business operations are divided into four segments: Funds Management, which sources equity and debt for land acquisition; Company-owned Projects, focusing on residential development; Joint Arrangements, partnering with government, statutory authorities, and private landowners; and Inter-segment Eliminations and Other Unallocated, covering corporate financial results. Peet Ltd maintains a national presence, managing diverse projects from land development to sale.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.