BWP Trust

Real Estate AU BWP

3.75AUD
-0.01(0.27%)

Last update at 2026-03-13T05:45:00Z

Day Range

3.743.79
LowHigh

52 Week Range

3.184.03
LowHigh

Fundamentals

  • Previous Close 3.76
  • Market Cap2717.54M
  • Volume784765
  • P/E Ratio10.14
  • Dividend Yield5.05%
  • Revenue TTM206.29M
  • Revenue Per Share TTM0.29
  • Gross Profit TTM 193.73M
  • Diluted EPS TTM0.37

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Income before tax 265.58M 180.22M 36.69M 486.64M 263.17M
Minority interest - - - - -
Net income 265.58M 180.22M 36.69M 486.64M 263.17M
Selling general administrative 25.41M 22.02M 21.48M 19.41M 18.27M
Selling and marketing expenses - - - - -
Gross profit 168.51M 145.59M 131.11M 129.38M 129.70M
Reconciled depreciation - - - - -
Ebit - 205.29M 54.24M 129.31M -242.99300M
Ebitda 300.61M 205.67M 53.41M 128.48M 128.95M
Depreciation and amortization - 0.37M -0.82700M -0.82700M 371.94M
Non operating income net other - - - - -
Operating income 167.41M 155.89M 130.27M 128.48M 128.95M
Other operating expenses 35.29M 29.75M 17.86M 16.12M 14.73M
Interest expense 35.03M 25.44M 16.72M 13.78M 14.96M
Tax provision 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Interest income 135.90M 0.75M 76.86M 0.04M 0.03M
Net interest income -34.43100M -24.69000M -16.47900M -13.73600M -14.93400M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense - - 0.83M 128.48M -0.00000M
Total revenue 202.70M 174.46M 158.16M 153.27M 152.24M
Total operating expenses 1.10M 0.89M 0.83M 0.90M 0.75M
Cost of revenue 34.19M 28.86M 27.05M 23.89M 22.54M
Total other income expense net 98.17M 36.27M -93.58100M 349.49M 134.22M
Discontinued operations - - - - -
Net income from continuing ops 265.58M 180.22M 36.69M 486.64M 263.17M
Net income applicable to common shares 265.58M 180.22M 36.69M 486.64M 263.17M
Preferred stock and other adjustments - - - - -
Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Total assets 3745.92M 3586.33M 2960.19M 3021.92M 2674.60M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 22.81M -31.93700M 4.18M 6.66M 19.10M
Total liab 906.29M 878.78M 554.31M 535.58M 558.19M
Total stockholder equity 2839.64M 2707.55M 2405.88M 2486.34M 2116.42M
Deferred long term liab - - - - -
Other current liab - 84.70M 72.84M 71.28M 182.29M
Common stock 1191.17M 1191.17M 945.56M 945.56M 945.56M
Capital stock 1191.17M 1191.17M 945.56M 945.56M 945.56M
Retained earnings 1648.62M 1516.12M 1459.98M 1540.78M 1171.64M
Other liab - - - - -
Good will - - - - -
Other assets 0.00000M - 0.34M - -
Cash 26.46M 27.30M 16.83M 11.86M 33.07M
Cash and equivalents - - - - -
Total current liabilities 249.94M 107.18M 85.84M 79.97M 193.83M
Current deferred revenue - - - - -110.35300M
Net debt 781.70M 744.30M 451.64M 443.75M 441.64M
Short term debt 0.00000M - 0.00000M 0.00000M 110.35M
Short long term debt 151.98M - - - 110.35M
Short long term debt total - 771.60M 468.47M 455.60M 474.71M
Other stockholder equity -0.15700M - -2405.54000M -2486.33900M -2117.19400M
Property plant equipment - - - 3001.20M 2621.60M
Total current assets 63.62M 51.46M 23.25M 20.72M 53.00M
Long term investments - - - - -
Net tangible assets - - - 2486.34M 2116.42M
Short term investments - - - - -
Net receivables 0.73M 4.64M 2.24M 2.20M 0.83M
Long term debt 657.35M 771.60M 466.00M 455.60M 364.36M
Inventory - - - - -
Accounts payable 11.79M 22.48M 13.00M 8.69M 11.54M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 0.27M 0.34M 0.34M -0.77800M
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - 0.27M -2936.60000M -3001.20000M -2621.60000M
Deferred long term asset charges - - - - -
Non current assets total 3682.30M 3534.86M 2936.94M 3001.20M 2621.60M
Capital lease obligations - - - - -
Long term debt total 657.35M - 466.00M 452.70M 360.75M
Breakdown 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Type yearly yearly yearly yearly yearly
Date 2025-06-30 2024-06-30 2023-06-30 2022-06-30 2021-06-30
Investments -25.40100M -23.13900M -10.15300M 4.35M 2.54M
Change to liabilities - - - 0.00000M 0.00000M
Total cashflows from investing activities -25.40100M -23.13900M -10.15300M 4.35M 2.54M
Net borrowings 36.56M 28.48M - -19.10700M -28.51600M
Total cash from financing activities -95.22100M -95.15600M -104.62200M -136.59900M -146.00800M
Change to operating activities - - - -1.46700M 1.35M
Net income 265.58M 180.22M 36.69M 486.64M 263.17M
Change in cash -0.84100M 10.47M 4.98M -21.21300M -31.12100M
Begin period cash flow 27.30M 16.83M 11.86M 33.07M 64.19M
End period cash flow 26.46M 27.30M 16.83M 11.86M 33.07M
Total cash from operating activities 119.78M 128.76M 119.75M 111.04M 112.35M
Issuance of capital stock - - - - -
Depreciation - - - - -
Other cashflows from investing activities -25.40100M -23.13900M -10.15300M 4.35M 2.54M
Dividends paid -131.78500M -117.49200M -117.49200M -117.49200M -117.49200M
Change to inventory - - - - -
Change to account receivables -3.71700M -4.03600M 2.39M -0.51100M -1.27900M
Sale purchase of stock - -6.14700M - - -
Other cashflows from financing activities 0.00000M -6.14700M 12.87M 110.00M 99.94M
Change to netincome - - - -373.62300M -150.89400M
Capital expenditures 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -14.01100M 10.71M 2.39M -0.51100M -1.27900M
Stock based compensation - - - - -
Other non cash items 133.79M -62.16800M 80.67M -375.09000M -149.54000M
Free cash flow 119.78M 128.76M 119.75M 111.04M 112.35M

Peer Comparison

Sector: Real Estate Industry: REIT - Industrial

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
BWP
BWP Trust
-0.01 0.27% 3.75 10.14 18.98 13.17 0.90 18.01 12.14
NSR
National Storage REIT
0.01 0.36% 2.77 276.00 21.55 9.28 10.88 16.25 20.03
CIP
Centuria Industrial REIT
0.01 0.33% 3.01 13.64 15.80 7.62 0.76 13.77 16.19
ASK
Abacus Storage King
- -% 1.40 6.36 - 7.34 0.78 12.01 9.03
DXI
Dexus Industria REIT
0.01 0.42% 2.40 18.38 - 5.83 0.95 14.35 12.52

Reports Covered

Stock Research & News

Profile

Established and listed on the Australian Securities Exchange ("ASX') in 1998, BWP Trust ("BWP' or "the Trust') is a real estate investment trust investing in and managing commercial properties throughout Australia. Since its inception, and prior to management internalisation on 1 August 2025, BWP Trust was externally managed by BWP Management Limited ("BWPM'), the appointed responsible entity, with 100 per cent of BWPM's share capital owned by Wesfarmers Limited ("Wesfarmers'). On 28 July 2025, unitholders approved the internalisation of the management of BWP, where BWP Management Limited and its subsidiaries were purchased from Wesfarmers by BWP Trust unitholders through a new entity, BWP Property Group Limited ("BWP Property Group'). This resulted in the formation of a stapled group comprising BWP and BWP Property Group ("the Group'). BWP is managed by the responsible entity, BWP Management Limited ("the Responsible Entity' or "the RE'), now a subsidiary of BWP Property Group, which is appointed under the Trust's constitution and operates under an Australian Financial Services Licence ("AFSL'). The responsible entity is solely committed to managing the respective trusts and during the 2024/25 financial year was paid a quarterly fee based on the gross assets of the respective trusts. The majority of the Group's properties are well located large format retailing properties, in particular, Bunnings Warehouses leased to Bunnings Group Limited ("Bunnings' or "BGL'). Bunnings is the leading retailer of home improvement and lifestyle products in Australia and New Zealand and a major supplier to project builders, commercial tradespeople, and the housing industry. Bunnings is a wholly-owned subsidiary of Wesfarmers, one of Australia's largest listed companies. Through one of its subsidiaries, Wesfarmers also owned 22.3 per cent of the issued units in BWP as at 30 June 2025.

BWP Trust

Level 14, Brookfield Place Tower 2, Perth, WA, Australia, 6000

Key Executives

Name Title Year Born
Mr. Michael James Wedgwood B.Com., BCom, GAICD, M.Sc., MSc (Finance) MD & Director 1963
Mr. David Hawkins BCom, FCA Head of Fin. NA
Ms. Sarah Sampimon Office Mang. NA
Mr. Andrew Ross AAPI, BBus (Val) Head of Property NA
Ms. Karen A. Lange FCIS, FCPA, M.Bus, MAICD Company Sec. NA
Mr. Mark Christian Scatena B.E., M.B.A. MD & Director NA
Mr. David Hawkins BCom, FCA Head of Finance NA
Ms. Sarah Sampimon Office Manager NA
Ms. Karen A. Lange FCIS, FCPA, M.Bus, MAICD Company Secretary NA
Mr. Mark Christian Scatena B.E., M.B.A. MD & Director NA

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