BWP Trust Remains on the Sidelines as Assets Look Expensive, FVE Unchanged at AUD 2.85
We anticipate near-term growth in distributable income will be hard to come by for narrow-moat-rated BWP trust. Our AUD 2.85 fair value estimate stands, with units screening as expensive, trading at a 13% premium to our intrinsic assessment and offering a 5.5% yield. Bunnings is expected to vacate up to 12 properties from BWP’s portfolio of 79 by September 2021. The Sydney Morning Herald reported German hypermarket chain Kaufland negotiating options over two of these sites, Oakleigh South and Ep...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.