BWP Trust (BWP) - Research

$3.710
Prices as at 16:40, 23 Apr 2019

BWP Current Share Price+

Current Price $3.710
Open $3.670
High $3.710
Low $3.630
Last Close $3.710
Volume 1814549
Price Movement - ( No change )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

BWP General Information

BWP Trust
BWP
http://www.bwptrust.com.au
Retail REITs
2,383
642
BWP Trust
(BWP)
BUY
below
HOLD
up to
SELL
above
Current Price
$3.710 as at 16:40, 23 Apr 2019
Price at review
$3.710 on 07 Feb 19
Max Portfolio Weighting
Business Risk
Share Price Risk

BWP Related Research

BWP 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.

BWP Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 137.52 21.41 4.80% 17.00 19.14 5.26% 0.0%
2019 F 131.26 20.43 -3.20% 17.82 18.12 4.98% 0.0%
2018 A 135.63 21.11 -15.90% 14.42 17.81 5.85% 0.0%

BWP Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
BWP Trust (BWP) $2,338M 0.0286 0.0639 0.0209 20.2110 18.9979 18.6094 4.89% 4.98% 5.09%
Scentre (SCG) $20,630M 0.1349 0.0319 0.0286 15.6831 15.1978 14.7753 5.71% 5.82% 5.94%
Shopping Centres Australasia Property (SCP) $2,369M -0.0872 0.2052 0.0270 18.9630 15.7345 15.3202 5.43% 5.74% 5.89%
Unibail-Rodamco-Westfield (URW) $3,959M 0.0000 3.7868 0.0521 62.6550 13.0866 12.4385 3.60% 6.93% 7.24%
Vicinity Centres (VCX) $9,537M -0.7191 0.0000 0.0000 14.9761 0.0000 0.0000 6.49% 0.00% 0.00%

BWP Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.87 19.60 1.30 4.65
Market 0.95 16.90 1.52 1.54
Sector 0.87 16.00 1.06 1.21

BWP 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

BWP Management

Name Position
Karen A Lange Company Secretary

BWP Substantial Shareholders

Holding Name
151,863,632 (23.64%) Wesfarmers Group
39,129,814 (6.09%) The Vanguard Group Inc.

BWP Calendar of Events

Date Event
05 February 2020 Report (Interim)
31 July 2019 Report (Annual)
31 July 2019 Report (Prelim)

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