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Property Stocks Down Under 7 December 2022: Peet (ASX:PPC)
Peet: A proven winner in all market conditions
It has been rough year for property developers, but not so much for Peet (ASX:PPC) – at least judging by its 5% share price gain in the last 12 months. Peet is no ordinary property stock, it has an integrated platform that facilitates property development, marketing, acquisition and sales. It makes efficient capital arrangements with a diverse set of third parties, which gives it a low-cost portfolio of income generating assets. On top of all this, Peet has a funds management platform, spread across various retail, wholesale and joint venture assets.
Click here to read the previous edition of Property Stocks Down Under published 30 November 2022.