BWP Trust: Interim result 2013

It's steady as she goes for this owner of Bunnings Warehouses.

BWP Trust reported a decent result for the half-year ended 31 December. Revenue rose 8% to $54.0m, which followed through to distributable earnings of $37.4m, also up 8%. An unfranked interim distribution of 7.0 cents per unit will be paid on 26 February to those who owned the stock prior to 31 December 2012.

By all accounts BWP is a boring property trust – but don't let that put you off.

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