ASX Announcements
Half Yearly Report, Periodic Reports - Other
Half-year results to 31 Dec 2024 Investor presentation
Half Yearly Report, Company Presentation
Update - Dividend/Distribution - BWP
Dividend Record Date, Dividend Pay Date, Dividend Rate, Dividend Reinvestment Plan
Half-year report to 31 Dec 2024
Half Year Audit Review, Half Year Directors' Statement, Half Year Accounts, Half Year Directors' Report
Market Sensitive
Half-year results to 31 Dec 2024
Half Yearly Report, Dividend Record Date, Dividend Pay Date, Dividend Rate, Dividend Reinvestment Plan
March 2024
BWP hits 58pc ownership to secure Bunnings deal
As of Monday morning, the Bunnings landlord held 57.5 per cent of voting power in its smaller rival. It could end up with over 80 per cent.
AFL legends brawl over Bunnings real estate
James Hird may have been the better player, but Chris Langford has won this contest.
February 2024
Sparks fly in battle for Bunnings landlord
Chris Langford says Newmark explored other options for its underperforming property fund including asset sales and a wind-up, but these did not stack up.
January 2024
Newmark shareholders agitate against BWP property merger
Newmark investor Winston Sammut says he will call a unitholder meeting in an attempt to have BWP’s bid voted down.
Bunnings landlord BWP to buy Newmark, create $3.5b portfolio
The trust spun out of the Wesfarmers-owned retailer in 1998 said the deal would boost scale and diversity and give it access to a high-quality, complementary portfolio.
Newmark manager gets lucky; MS, Highbury stitch up big-premium merger
Newmark listed the REIT in December 2021 at an issue price of $1.895 and has slowly watched the share price fall 25 per cent to $1 at the end of 2023.
August 2023
Even Bunnings’ landlord can’t outrun rising rates
The 4 per cent fall in the value of BWP’s property portfolio is more evidence of the lagged effect of interest rates.
REIT investors on notice as Bunnings landlord writes down asset values
The owner of 65 Bunnings warehouses booked a 2.2 per cent fall in asset values over the past financial year, but more pain may be felt by other REITs.
May 2023
Eight much-loved stocks that investors should worry about
Just as Wall Street is being pushed higher by a small group of big stocks, ASX investors have crowded into a handful of “diamond defensives”.
February 2023
Bunnings warehouse values holding firm: BWP Trust
While other real estate investment trusts have reported asset writedowns, Bunnings landlord BWP Trust reported a $54m valuation gain over the half year.
August 2022
Demand for Bunnings ‘trophy assets’ lifts BWP portfolio to $3b
The hardware chain landlord booked a 14 per cent valuation gain to its portfolio after a lift in demand from private and institutional investors.
February 2022
No way to monetise Bunnings’ performance, says landlord BWP
While the hardware giant has enjoyed a 20 per cent boost in earnings during the pandemic, it has negotiated lower rents on some warehouses with landlord BWP Trust.
All the profit results for February 9, 2022
Results briefing | News and analysis on today’s profit results from Commonwealth Bank, Bapcor, BWP, Centuria Capital, Dexus Industria, IDP, Megaport, Mineral Resources and Temple & Webster. Find updated reports and analysis here.
August 2021
Valuation gains boost Bunnings landlord BWP as vacancies loom
While it booked $149 million of valuation gains on rising demand for large-format retail, analysts say the trust is having to “paddle hard” to fill Bunnings vacancies.
July 2021
Standard & Poor’s lifts ratings on Scentre, QIC and GPT funds
Ratings agency says REITs’ ‘prudent’ response to the pandemic gives them buffers to withstand more disruption.
February 2021
Better returns in repositioning old Bunnings than buying new ones
Buying a new Bunnings on a 4.6 per cent yield does not stack up for the country’s biggest listed owner of the retail warehouses. But repositioning vacated stores does.
August 2020
Bunnings lifts BWP Trust above retail mire
Although 20 of the trust's properties are in Melbourne, all remain open for trade sales and click-and-collect with Bunnings paying most of the rent.
July 2020
Bunnings bounce has bankers pitching Wesfarmers/BWP selldown
The Bunnings sausage sizzle is back from a coronavirus-induced hiatus in parts of the country - but that's not the only reason bankers have been heading there.
February 2020
BWP dips into reserves to maintain payout
BWP Trust boss Michael Wedgwood says dipping into retained profits will fill a short-term income gap while vacated warehouses are redeveloped.
August 2019
BWP not concerned by shrinking Bunnings portfolio
Investors in the 21-year-old trust, which owns a $2.4 billion portfolio of Bunnings warehouses, will receive an extra 1.56¢ per unit following divestments.