Morningstar | BWP Trust is a defensive Australian REIT offering a solid yield and modest growth.
BWP Trust is the only Australian REIT offering exposure solely to the Australian bulky goods retail sector. Income is secured by long leases to Bunnings, a highly successful Wesfarmers subsidiary. Wesfarmers is manager of the trust and has a 23% stake. Rents are escalated by a mix of annual inflation-linked and fixed-rate leases, as well as open-market rent reviews every five years, allowing moderate capital growth in coming years as rents rise.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.
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