$3.60

18 Mar 2016
Buy
below
Hold
up to
Sell
above
Buy Hold Sell Meter
Locked Recommendation

Analysis

Overview

Current recommendation Preview
12 month range
Maximum portfolio weighting
Business risk Low
Share price risk Low-Med

General Information

BWP Trust
BWP
http://www.bwptrust.com.au
Industrial Real Estate Investment Trusts
2,313
642

Current Price Data+

Current Price $3.600
Open $3.600
High $3.620
Low $3.565
Last Close $3.600
Volume 1008224
Price Movement - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Stock Price

Current Broker Consensus Recommendation

Strong Sell
23 May 2016
2

Company Overview

Business Description

BWP Trust (BWP) is a listed managed investment scheme which invests in commercial real estate throughout Australia. The majority of its properties are Bunnings Warehouse properties tenanted by Bunnings Group Limited, a wholly owned subsidiary of Wesfarmers Limited. The BWP Trust is managed by unlisted responsible entity, BWP Management Limited.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2017 F 109.4 17.0 2.0% 21.1 17.0 4.7% 0.0%
2016 F 107.3 16.7 5.2% 21.6 16.7 4.6% 0.0%
2015 A 101.6 15.9 5.8% 17.5 15.8 5.7% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2015 A 2016 F 2017 F 2015 A 2016 F 2017 F 2015 A 2016 F 2017 F
BWP Trust (BWP) $2,306M 0.0612 0.0496 0.0215 22.5361 21.4713 21.0187 4.41% 4.66% 4.76%
Goodman Gp (GMG) $12,626M 0.0589 0.0945 0.0503 19.5538 17.8661 17.0101 3.13% 3.38% 3.54%
Industria REIT (IDR) $258M 0.6893 0.0000 0.0000 10.0816 0.0000 0.0000 7.71% 0.00% 0.00%
360 Captial (TIX) $583M -0.1221 0.0000 0.0000 15.3033 0.0000 0.0000 7.64% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.63 21.60 1.60 6.10
Market 0.97 16.20 1.29 1.61
Sector 1.54 15.50 1.18 2.42

Directors

Name Position Start Date
Mr Michael James Wedgwood Managing Director 24 Feb 2014
Mr Anthony (Tony) John Howarth Non-Executive Director 1 Oct 2012
Ms Fiona Elizabeth Harris Non-Executive Director 1 Oct 2012
Mr Richard David Higgins Non-Executive Director 5 Dec 2007
Mr Michael (Mike) Steur Non-Executive Director 1 Feb 2015
Mr Erich Fraunschiel Non-Executive Director, Non-Executive Chairman 1 Feb 2015

Management

Name Position
Karen A Lange Company Secretary

Substantial Shareholders

Holding Name
151,863,632 (23.64%) Wesfarmers Group
32,121,185 (5%) The Vanguard Group Inc.

Calendar of Events

Date Event
09 February 2017 Report (Interim)
03 August 2016 Report (Prelim)
03 August 2016 Report (Annual)
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