BWP Trust downgrade to Hold

The share price of Bunnings Warehouse Property Trust has increased 15% to $2.60 since the upgrade in BWP Trust back on the Buy list on 02 July 13 (Buy– $2.27), taking us well beyond our buy price of $2.35. The allure of Bunnings is its quality and reliability. Its portfolio of mostly big, green, conveniently located sheds is 95% leased to perennial blue chip Wesfarmers, it boasts 100% occupancy, a weighted average lease expiry of over seven years and rents that increase with inflation. However its strength is also its weakness. Long leases indexed to CPI and 100% occupancy means...

The share price of Bunnings Warehouse Property Trust has increased 15% to $2.60 since the upgrade in BWP Trust back on the Buy list on 02 July 13 (Buy– $2.27), taking us well beyond our buy price of $2.35.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles