BWP Trust

BWP.ASX

Real Estate

Warehouse retailing properties, in particular, Bunnings Warehouses.

Market Data

Price

$3.790

+0.0%
Market Cap

$2.9B

P/E Ratio

8.1x

EPS

$0.464

Div. Yield

5.05%

52-Week Change

0.0%

Latest Earnings

2026 Half-year Report incorporating Appendix 4D

13 February 2026

Revenue
$103.60
+3.0% YoY
NPAT
$221.80
+41.2% YoY
EPS
$0.31
Dividend
$0.10

BWP completed management internalisation in August 2025, eliminating external management fees and creating a stapled group structure. The Group reported 3.0% revenue growth to $103.6M with property revaluations driving $155.6M in gains, while distributing 9.58 cents per security (up 4.1%). Strong balance sheet with $376M undrawn facilities and successful $300M bond issue support growth opportunities. Key points: Management internalisation completed successfully, eliminating $8.7M in annual management fees; Portfolio value increased $195.9M to $3.9B with property revaluations contributing $155.6M gain; Weighted average cap rate tightened to 5.27% from 5.43% reflecting property value growth

Recent Announcements

13 Feb 2026 Actual Results Positive

2026 Half-year Report incorporating Appendix 4D

BWP completed management internalisation in August 2025, eliminating external management fees and creating a stapled group structure. The Group reported 3.0% revenue growth to $103.6M with property revaluations driving $155.6M in gains, while distributing 9.58 cents per security (up 4.1%). Strong balance sheet with $376M undrawn facilities and successful $300M bond issue support growth opportunities. Key points: Management internalisation completed successfully, eliminating $8.7M in annual management fees; Portfolio value increased $195.9M to $3.9B with property revaluations contributing $155.6M gain; Weighted average cap rate tightened to 5.27% from 5.43% reflecting property value growth

7 Feb 2026 Date Announcement Neutral

Earnings Release - 13 February 2026

Upcoming earnings release expected 13 February 2026 (from Yahoo Finance (confirmed))

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