BWP Trust (AU:BWP)
ASX:BWP
Want to see AU:BWP full AI Analyst Report?
Earnings Data
Report Date
Aug 10, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
0.09Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presents a positive operational and financial update: strong statutory profit (+41.2%), valuation uplift (+$155.9M) and FFO growth (+6%), an extended WALE (7.5 years), affirmed distribution guidance (+4.1% year-on-year) and an upgraded credit rating underpin a constructive view. These positives outweigh near-term challenges from repurposing-driven vacancy/headwinds, a small number of negative market rent reviews (-4.4% for affected leases), one-off internalization costs, and some timing uncertainty on development income recognition.Company Guidance
Strong Profit and Valuation Uplift
Statutory profit after fair value movements and tax of $221.8 million vs $157.1 million in the prior period (up 41.2%); net fair value gains of $155.9 million driven by improved rental income and cap rate compression of 13 basis points to a weighted average cap rate of 5.27%.
Improved Lease Duration and Leasing Outcomes
Portfolio weighted average lease expiry (WALE) extended to 7.5 years, an increase of 3.1 years year-on-year; occupancy at 96.7% despite repurposing activity; large format retail (LFR) leasing spreads averaged +7.6% across 8 tenancies; like-for-like rental growth of 2.6% for the 12 months to 31 December 2025.
FFO Growth and Distribution Progression
Funds from operations increased to $70.4 million, up 6% year-on-year; interim distribution declared of $0.0958 per security; full-year distribution guidance reaffirmed at $0.1941 per security, a 4.1% increase on prior year; half distributions represented ~98.6% of FFO with a target payout range of 90%–110% of FFO.
Accretive Acquisition and LFR Portfolio Expansion
Completed acquisition of HomeCentre Morayfield in Queensland for $48 million at a market cap rate of 5.75%; fully leased and earnings accretive from settlement. Since 2020 BWP's LFR portfolio has grown to approx. $1.2 billion and BWP cites a ~ $100 million tenant-led expansion/repurposing pipeline.
Stronger Capital Position and Credit Upgrade
Completed a $300 million 5-year Australian medium-term note issuance, diversifying funding; Moody's upgraded credit rating to A3 (stable); gearing at 24.7% (within Board preferred 20%–30% range); weighted average cost of debt stable at 4.4%.
Active Portfolio Renewal and Capital Recycling
Divestments of non-core assets (Morley $19.5 million, Port Kennedy $14.3 million) both at premiums to book; unconditional contract to sell Chadstone Homeplus for $86.0 million with settlement expected June 2026 and a realized IRR of 15.2% since acquisition; proceeds earmarked to reduce drawn debt.
Progress on Repurposing and Development Pipeline
Construction commenced at Fountain Gate and Noarlunga and progress at Broadmeadows; capex guidance for FY2026 of $60 million–$70 million to support repurposing and tenant-led expansions; management expects repurposing yield-on-cost of 10%+ for priority projects.
AU:BWP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:BWP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | AU$3.69 | AU$3.69 | 0.00% |
Aug 05, 2025 | AU$3.53 | AU$3.54 | +0.25% |
Feb 05, 2025 | AU$3.12 | AU$3.27 | +4.88% |
Aug 13, 2024 | AU$3.25 | AU$3.33 | +2.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does BWP Trust (AU:BWP) report earnings?
BWP Trust (AU:BWP) is schdueled to report earning on Aug 10, 2026, TBA (Confirmed).
What is BWP Trust (AU:BWP) earnings time?
BWP Trust (AU:BWP) earnings time is at Aug 10, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of BWP Trust stock?
The P/E ratio of BWP Trust is N/A.
What is AU:BWP EPS forecast?
AU:BWP EPS forecast for the fiscal quarter 2026 (Q4) is 0.09.