Ingenia Communities Says Peet Deal to Deliver 11% EPS Accretion

MT Newswires Live
Yesterday

Ingenia Communities Group (ASX:INA) said its deal with Peet is expected to deliver 11% earnings per share (EPS) accretion on a fiscal 2026 pro forma basis, with "compelling" financial returns and per-lot pricing, according to a Wednesday filing with the Australian bourse.

The company said it also expects double-digit dividend per share accretion on the same basis, and low double-digit EPS accretion over the medium term, including fiscal 2027.

Pricing works out to AU$77,000 per master-planned community lot for Flagstone, or AU$66,000 per residential lot across all lots there, and AU$63,000 per master-planned community lot for non-Flagstone projects, the company added.

The company said about AU$250 million of net present value in management fees is not reflected in its net tangible assets.

The current timetable expects completion in December, per the filing.

Ingenia's shares rose past 2% in recent Wednesday trade, while Peet's shares rose 3%.

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