Peet Limited Provides Earnings Guidance for the Full Year of Fiscal 2020

Peet Limited is an Australia-based residential real estate developer. The Company acquires, develops, and markets residential land, predominantly under a capital-efficient funds management model. It is engaged in developing master planned communities, townhouses, and apartments in the growth corridors across Australia. Its segments include Funds management, Company-owned projects, and Joint arrangements. Under the Funds management segment, it enters into asset and funds management agreements with external capital providers. It also offers underwriting, capital raising and asset identification services. Under the Company-owned projects segment, it acquires parcels of land in Australia, primarily for residential development purposes. Certain land holdings also produce non-residential blocks of land. Under the Joint arrangements segment, it enters into joint agreements with the government, statutory authorities, and private landowners for the management of the development projects.