Prestige Estates Projects Ltd. News and Updates

Name: Latest research reports of Prestige Estates Projects Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Prestige Estates Projects Ltd.
Rating: 3
Author: HDFC Securities

Keep track of all breaking news on Prestige Estates Projects Ltd. from all sources in a single place.

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Prestige Estates Projects Ltd.

17 Oct 2020

1436.20

1.16%

Prestige Estates Projects to sell rent yielding properties to Blackstone

Business Line

By selling 16 to 20 million square feet, company plans to reduce debt

Prestige Estates Projects Ltd. is trading below its 150 day SMA of 1443.6

Prestige Estates signs deal with Blackstone for stake sale in firm's assets

Business Standard | 17 Oct 2020

Prestige Estates Projects Ltd.

16 Oct 2020

1436.20

1.16%

Blackstone nears $2 billion India property deal with Prestige: Report

Business Standard

The US private equity group is in advanced talks to acquire Prestige Estates Projects' rent-yielding assets including offices and operating malls

Number of FII/FPI investors decreased from 633 to 568 in Mar 2025 qtr

Prestige Estates Projects Ltd.

14 Sep 2020

1436.20

1.16%

Prestige Estates Projects (264.5)

Business Line

Investors with a short term view can Prestige Estates Projects at current levels. The stock has been in a medium-term uptrend since it took support in

Prestige Estates Projects Ltd. is trading below its 150 day SMA of 1443.6

Prestige Estates Projects Ltd.

31 Aug 2020

1436.20

1.16%

Prestige Estates' re-rating depends on shedding weight off its balance sheet

livemint

In the June quarter, the company's net debt-to-equity ratio improved to 1.50 times.Prestige Estates has projects in commercial, residential and hospitality segments

Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.

Prestige Estates Projects Ltd.

13 Aug 2020

1436.20

1.16%

Prestige Estates' PBT declines 74% in Q1 as Covid-19 dents business

Business Standard

While the company registered a consolidated net profit of Rs 20 crore for the period, a fall of 83 per cent vis-a-vis a year ago, total income stood at Rs 1,296.3 crore for the realty major

Number of FII/FPI investors decreased from 633 to 568 in Mar 2025 qtr

Prestige Estates Projects Ltd.

10 Aug 2020

1436.20

1.16%

Prestige Estates surges 7% amid report Blackstone may acquire group assets

Business Standard

Blackstone will acquire 100 per cent control of around 20 million square feet of commercial space, including 16 million sq ft of ready and completely leased assets, the report said

Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.

Prestige Estates Projects Ltd.

02 Jul 2020

1436.20

1.16%

Uptick in annuity cash flows key for Prestige Estates projects

Business Standard

Weak residential sales, low hotel occupancies and mall footfalls add to worries

Prestige Estates Pro.. has an average target of 1656.25 from 4 brokers.

Prestige Estates Projects Ltd.

24 Jun 2020

1436.20

1.16%

Prestige Estates net profit falls 64% to Rs 51.1 crore in March quarter

Moneycontrol

The company's total income rose to Rs 2,016.9 crore in the fourth quarter of 2019-20, from Rs 1,994.3 crore a year ago.

Prestige Estates Projects Ltd. is trading above its 100 day SMA of 1313.7

Prestige Estates Projects Ltd.

19 Feb 2020

1436.20

1.16%

The rise and rise of Prestige Estates: How the realty firm bucked the trend

Business Standard

Most of Prestige's projects in Bengaluru launched in the last three years were located along the upcoming metro lines. These include: Prestige Falcon City, Prestige Park Square and Prestige Elysian.

Prestige Estates Projects Ltd. is trading above its 100 day SMA of 1313.7

Prestige Estates Projects Ltd.

28 Jan 2020

1436.20

1.16%

Prestige Estates Projects (3QFY20): Going all out. Maintain NEUTRAL

Neutral: Prestige Estates Projects ...

Target

HDFC Securities

PEPL is going all out (1) On building lease assets & (2) Increasing Non-South exposure with JV/JD tie ups. It's banking on the consolidation theme and picking up distressed projects in non-south markets. Large capex outlays on new lease assets will be cash flow dilutive over next 3-4yrs and requires timely funding from existing lease assets monetization and deployment of capital in cash flow dilutive under construction projects. Office assets under construction/upcoming launches of 15/25mn sqft are aggressive with overall office portfolio expected to increase from 10mn sqft to 50mn sqft over next 5-6yrs. We retain NEU with increased (new leases addition) TP of Rs 358/sh. We maintain NEU on PEPL with SOTP of Rs 358/sh (vs. Rs 348/sh earlier). We have increased our FY20/21E EPS estimates by 35%/18.9% to factor in better than expected deliveries in residential projects. PEPL posted strong 3QFY20 results.