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BWP Trust
(Sydney:BWP)
BWP Trust (BWP) vs. iShares MSCI Australia ETF (EWA)
BWP Trust Business Overview & Revenue Model
BWP Trust Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 174.46M | 158.16M | 153.27M | 152.24M | 155.78M |
| Gross Profit | 145.59M | 131.11M | 129.38M | 129.70M | 141.42M |
| EBITDA | 205.67M | 53.41M | 128.48M | 128.95M | 226.16M |
| Net Income | 180.22M | 36.69M | 486.64M | 263.17M | 210.64M |
Balance Sheet | |||||
| Total Assets | 3.59B | 2.96B | 3.02B | 2.67B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 27.30M | 16.83M | 11.86M | 33.07M | 64.19M |
| Total Debt | 771.60M | 466.00M | 452.70M | 471.10M | 499.60M |
| Total Liabilities | 878.78M | 554.31M | 535.58M | 558.19M | 583.83M |
| Stockholders Equity | 2.71B | 2.41B | 2.49B | 2.12B | 1.97B |
Cash Flow | |||||
| Free Cash Flow | 128.76M | 119.75M | 111.04M | 112.35M | 109.67M |
| Operating Cash Flow | 128.76M | 119.75M | 111.04M | 112.35M | 109.67M |
| Investing Cash Flow | -23.14M | -10.15M | 4.35M | 2.54M | -26.98M |
| Financing Cash Flow | -95.16M | -104.62M | -136.60M | -146.01M | -36.42M |
BWP Trust Technical Analysis
BWP Trust Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$2.61B | 9.67 | 9.58% | 5.24% | 16.53% | 36.39% | |
63 Neutral | $6.82B | 13.21 | -0.71% | 7.17% | 3.67% | -27.43% | |
| ― | $1.80B | 23.00 | 4.80% | 5.75% | ― | ― | |
| ― | €1.30B | 12.49 | 6.37% | ― | ― | ― | |
69 Neutral | AU$2.11B | 15.84 | 5.38% | 4.91% | 4.39% | 176.52% | |
67 Neutral | AU$2.69B | 12.81 | 6.98% | 6.59% | -1.08% | ― | |
61 Neutral | AU$3.15B | 26.81 | 3.57% | 5.62% | -9.63% | ― |
BWP Trust Corporate Events
BWP Trust has announced a change in the director’s interest, specifically involving Tony Howarth. The change reflects the acquisition of 50,000 fully paid ordinary shares in BWP Property Group Ltd, which were distributed in-specie as part of the internalisation of the management functions of the BWP Trust. This move is part of a broader strategy to streamline management operations and potentially enhance shareholder value.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has completed an internalisation transaction involving the acquisition of BWP Management Limited by BWP Property Group. This transaction includes the issuance of over 10 million stapled securities to Wesfarmers Limited, marking a significant step in the company’s operational strategy and potentially impacting its market positioning.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has completed the internalisation of its management functions by acquiring BWP Management Limited. As part of this process, securityholders have received shares in BWP Property Group Ltd, which are now stapled to existing BWP Trust units, forming stapled securities. These securities will begin trading on the ASX under the ticker ‘BWP’ from 4 August 2025. This internalisation aims to streamline operations and potentially enhance value for stakeholders.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a new issuance of securities, with a total of 10,867,347 fully paid ordinary units set to be quoted on the Australian Securities Exchange. This issuance is part of a previously announced transaction, and it reflects the company’s ongoing efforts to manage its capital structure and support its investment activities in the real estate sector.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.01 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Group has announced a proposed issue of 10,867,347 fully paid ordinary units, set to be issued on August 1, 2025. This move reflects the company’s strategic decision to raise capital through a placement or other type of issue, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:BWP) stock is a Buy with a A$4.05 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced the completion of conditions precedent for a proposed transaction involving the stapling of shares in BWP Property Group Ltd to units in BWP Trust on a 1:1 basis. This move is expected to enhance the company’s market positioning by ensuring a streamlined structure for securityholders. The transaction involves no fundraising, and securityholders will receive shares in proportion to their existing holdings. The ASX has granted waivers to facilitate this process, and the company confirms compliance with relevant listing rules, ensuring a free float of at least 20%.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has released a securities dealing policy aimed at ensuring compliance with insider trading laws and maintaining market confidence. The policy applies to all personnel within the BWP Group, including directors, officers, and contractors, and outlines prohibitions on dealing with securities when in possession of inside information. Additional restrictions are placed on designated persons, such as directors and the CEO, particularly during blackout periods. This policy is crucial for mitigating legal and reputational risks and ensuring that all dealings align with market expectations.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a Distribution Reinvestment Plan (DRP) allowing stapled securityholders to reinvest cash distributions into additional stapled securities. The plan, administered by BWP Management Limited, offers participants the option to reinvest at a potential discount and without incurring transaction costs. This initiative aims to enhance shareholder value by providing a flexible investment option, potentially impacting the company’s market positioning by increasing stakeholder engagement and investment in the trust.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced updates to its Employee Incentive Plan, which outlines the rules and guidelines for employee participation in the company’s incentive schemes. The plan includes details on eligibility, application processes, and the handling of stapled securities, aiming to align employee interests with company performance. This announcement is expected to enhance employee engagement and retention, potentially impacting the company’s operational efficiency and market competitiveness positively.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced its admission to the Australian Securities Exchange, marking a significant step in its corporate governance journey. The company has outlined its commitment to following the ASX Corporate Governance Council’s principles, with certain exceptions explained and alternative practices proposed. This move is expected to enhance transparency and accountability, potentially impacting the company’s operations and stakeholder relations positively.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has adopted a new constitution for BWP Property Group Ltd, effective from June 24, 2025. This document outlines the rules and regulations governing the company’s operations, including the issuance and management of securities, shareholder rights, and the procedures for calls and forfeiture. The adoption of this constitution is a significant step in ensuring compliance with relevant legal and operational standards, potentially impacting the company’s governance and stakeholder relations.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a significant update to its constitution, as approved by a special resolution of the unitholders on July 28, 2025. This update includes various provisions related to the appointment of a responsible entity, the vesting and management of assets, and the issuance and management of securities. The changes are expected to streamline the trust’s operations and enhance compliance with listing rules, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has submitted an application for admission to the official list of ASX Limited as a stapled entity structure, which involves BWP Property Group Ltd and BWP Trust. The announcement details the structural and operational arrangements of the stapled entities, including management and ownership structures, as well as the legal agreements binding them. The company has also sought waivers from certain ASX and Corporations Act requirements to facilitate this listing, indicating a strategic move to enhance its market position and operational flexibility.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has submitted an application for admission to the official list of ASX Limited as an ASX Listing. This move is expected to enhance the company’s visibility and credibility in the market, potentially attracting more investors and stakeholders. The listing is a strategic step that could strengthen BWP Trust’s position in the real estate investment sector, offering new opportunities for growth and expansion.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Property Group Ltd has applied for admission to the official list of ASX Limited, seeking to have its stapled securities quoted on the ASX. This move involves the listing of 724,378,588 stapled securities, which are expected to enhance the company’s market presence and provide greater liquidity for stakeholders.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced the successful approval and implementation of a stapling proposal, which involves stapling the fully paid ordinary shares of BWP Property Group Ltd to the units in BWP Trust. This move, approved by unitholders, creates a new stapled entity known as BWP Group, which will continue to trade under the ASX code ‘BWP’. The stapling is executed through an in-specie distribution, providing unitholders with one new share in BWP Property Group for each BWP Trust unit held. This strategic restructuring is expected to enhance the company’s market positioning and streamline its operations, although no additional capital was raised during the listing process.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust announced that its unitholders have approved key resolutions related to a Proposed Transaction during an extraordinary general meeting. The resolutions include the internalization of management, lease reset and extension, and capital expenditure commitments, with overwhelming support from unitholders. This approval is expected to enhance BWP Trust’s operational efficiency and strategic positioning in the real estate market.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced that it will release its full-year results for the period ending 30 June 2025 on 6 August 2025. An investor and analyst briefing will follow the announcement, available via webcast and telephone conference, indicating the company’s commitment to transparency and stakeholder engagement.
The most recent analyst rating on (AU:BWP) stock is a Sell with a A$3.80 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a significant proposal involving the internalization of its management functions, resetting lease terms with Bunnings Group, and committing to capital investments for store expansions and network upgrades. This proposal, subject to unitholder approval, aims to enhance operational efficiency and strengthen BWP’s market position, with an independent expert deeming it fair and beneficial for investors not associated with Wesfarmers.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a proposed transaction involving the internalization of its management functions, restructuring of Bunnings leases, and commitments to capital expenditure for store expansion and network upgrades. This move is aimed at enhancing operational efficiency and potentially improving investor returns, with the transaction requiring approval from investors at an upcoming extraordinary general meeting.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
Wesfarmers announced the internalisation of BWP Trust’s management by selling its 100% interest in BWP Management Limited to BWP for $142.6 million. This transaction allows BWP to operate as an independently managed trust and includes a lease reset with Bunnings, extending the tenure for 62 sites and enabling further capital investment. The transaction is expected to complete in the first half of the 2026 financial year, subject to approvals.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a proposal for the internalization of its management functions, restructuring of Bunnings leases, and capital expenditure commitments for store expansions and network upgrades. These changes aim to enhance operational efficiency and potentially improve returns for investors, with the proposal requiring approval at an upcoming Extraordinary General Meeting.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust, managed by BWP Management Limited, has announced a significant transaction involving the internalization of its management and a lease reset with Bunnings, alongside a capital investment. This move is expected to enhance the company’s operational efficiency and strengthen its market position. The announcement highlights BWP Trust’s strategic focus on growth and stability, aiming to provide better returns for its stakeholders and improve its competitive edge in the property investment sector.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a significant proposal involving the internalization of its management functions, a reset of lease terms with Bunnings, and capital investment commitments. This proposal aims to enhance tenant retention, income certainty, and lease expiries, while also reducing operating costs and aligning BWP with market standards for REIT management. The changes are expected to increase property valuations and distributions, improve corporate governance, and provide a platform for future growth and diversification.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust announced a net revaluation gain of approximately $45 million for its investment property portfolio for the six months ending 30 June 2025. This gain is attributed to rental increases and a slight compression in the weighted average capitalisation rate to 5.40%. These revaluations, conducted by independent valuers and directors, will be finalized by the Board as part of the annual accounts and audit process, with full-year results expected on 6 August 2025.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Management Limited, the responsible entity for BWP Trust, has announced a preliminary distribution estimate for the six-month period ending 30 June 2025. The estimated distribution is 9.45 cents per unit, based on unaudited accounts, with no conduit foreign income expected. The distribution reinvestment plan will be suspended, and unitholders will receive their distribution via direct credit on 27 August 2025.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.
BWP Trust has announced a new distribution of AUD 0.0945 per ordinary unit, covering a six-month period ending on June 30, 2025. The ex-date for this distribution is set for June 27, 2025, with a record date of June 30, 2025, and payment scheduled for August 27, 2025. This announcement reflects BWP Trust’s ongoing commitment to providing returns to its investors and may influence its market positioning by demonstrating financial stability and consistent performance.
The most recent analyst rating on (AU:BWP) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on BWP Trust stock, see the AU:BWP Stock Forecast page.