Brendan Gore is confident the WA market will ‘normalise’ during the next year or so. Photo: Attila Csaszar

Investors back Peet’s chirpy tune on growth

Most people who live in Perth will have been affected in some way by the activities of Peet, whether they know it or not.

Peet is Western Australia’s oldest surviving residential property developer, and is a business that plays an interesting role as a canary in the state’s economic minefield.

The nature of Peet’s 122-year-old business – buying vacant land for residential development, servicing it with roads, water, power and other amenities, and then selling it to homebuyers – means that demand for its product is a key forward indicator of future economic activity.


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Peet (PPC)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
370thCash Converters International15%-15%
390thDecmil Group11%-7%
450thGR Engineering Services0%21%
585thVietnam Industrial Investments-20%28%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Other
$0 Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


19th-Vietnam Industrial Investments$315.5m
20th↑Decmil Group$304.1m
22nd↓Cash Converters International$270.9m
23rd↑GR Engineering Services$239.3m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Peet

7thBrendan Gore$3.735m
29thPeter Dumas$1.373m
94thDom Scafetta$825k
Ranked by total remuneration from all listed WA companies

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