BWP Trust a Net Seller, Not a Buyer in This Market; FVE Unchanged at AUD 2.85
Narrow-moat-rated BWP Trust made great strides in addressing the existing and upcoming vacancies in the first month of fiscal 2019. Besides the sale of the Dandenong site, which was concluded in fiscal 2018, four more properties are expected to be sold in fiscal 2019. The trust’s portfolio will shrink to 75 properties, down from 79 in June 2018. However, we expect a further four properties to be sold in fiscal 2019, reducing the portfolio to only 71 properties.Management is continuously assessi...
BWP Trust is a real estate investment trust, investing in and managing commercial properties throughout Australia. Co. invests in properties with long-term leases to substantial tenants, predominantly in the bulky goods retail sector. The majority of Co.'s properties are retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited.
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