BWP Trust’s Interim Distribution Per Unit Rose 1% To End 2019
February 4, 2020 — BWP Trust reported that its distribution per unit hit 9.02 Australian cents in the 6 months of 31 December 2019, up from the 8.93 Australian cents seen in the 6 months to 31 December 2018.
Net profit for the period was $135.6 million, including $78.5 million of unrealised gains in the fair value of investment properties. This compares with net profit for the previous corresponding period of $78.9 million which included unrealised gains of $20.1 million in the fair value of investment properties.
Total income for the period was $76.2 million, a decrease of 3.5 per cent over the previous corresponding period. The lower income was largely due to the rent foregone from divestments and the redevelopment of sites vacated by Bunnings that occurred during prior periods.
Read more here…
