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    Real Estate

  3. •

    REIT - Industrial
BWP Trust

BWP Trust

BUNNF
BWP TrustUS flagOther OTC
2.88
USD
-0.22
- -
2.05BMarket Cap
BWP Trust
BUNNF
(Other OTC)

Recent

price

2.88

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.18
0.18
0.19
0.2
0.21
0.23
0.23
0.24
0.24
0.24
0.24
0.24
0.24
0.25
0.26
- -
Revenue per Share
0.22
0.18
0.13
0.21
0.24
0.33
0.48
0.35
0.29
0.26
0.33
0.41
0.76
0.06
0.27
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.06
0.07
0.11
0.1
0.1
0.12
0.16
0.17
0.18
0.18
0.2
0.18
0.18
0.18
0.18
- -
Dividend per Share
1.88
2.16
1.88
1.96
2.16
2.27
2.58
2.75
2.86
2.92
3.07
3.3
3.87
3.74
4.1
- -
Book Value per Share
1.87
2.16
1.85
1.94
2.14
2.25
2.56
2.74
2.85
2.92
3.06
3.29
3.87
3.75
4.1
- -
Tangible Book Value per Share
423
457
525
536
613
640
642
642
642
642
642
642
642
642
660
- -
Basic Weighted Avg Shares
78
84
102
109
127
145
150
152
153
156
156
152
153
158
174
203
Sales/Revenue/Turnover
88.49
88.1
89.17
89.29
88.53
87.91
88
88.19
87.79
86.68
85.1
84.7
83.82
82.34
82.87
82.59
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
92
81
70
111
149
210
311
224
183
169
211
263
487
37
180
266
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
118.14
96.89
68.79
101.36
117.43
145.26
206.89
146.93
119.46
108.74
135.35
172.89
317.6
23.24
103.75
131.02
Profit Margin (%)
-11
-29
-28
-28
5
-27
-38
-22
-189
-67
-10
-141
-59
-63
-56
-186
Working Capital
193
211
289
296
448
485
472
471
257
413
503
364
456
468
772
656
LT Debt
793
986
974
1,037
1,311
1,442
1,645
1,762
1,833
1,875
1,969
2,116
2,486
2,406
2,708
2,840
Total Equity
7.1
6.79
7.37
7.5
7.27
6.9
6.53
6.17
5.95
5.9
5.57
5.09
4.64
4.47
4.53
4.7
Return on Invested Capital (%)
11.4
9.19
7.3
10.08
10.9
12.72
16.47
11.26
9.03
8.24
9.49
10.98
18.09
1.84
6.47
8.44
Return on Capital (%)
12.02
9.13
7.07
10.84
12.56
15.13
19.98
13.08
10.17
9.12
10.94
12.87
21.14
1.5
7.05
9.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.17%
7.83%
4.88%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
47.45%
91.18%
47.36%
Sales/Revenue/Turnover
3.57%
5.64%
16.69%
Total Cash Common Dividend
- -
- -
12.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
158
2024
- -
- -
- -
- -
174
2025
100
- -
- -
- -
203

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.06
2024
- -
- -
- -
- -
0.27
2025
0.22
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.18
2024
- -
- -
- -
- -
0.18
2025
0.09
- -
- -
- -
- -
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Business
BWP Trust (ASX:BWP; OTC:BUNNF) operates as a real estate investment trust that invests in and manages a portfolio of commercial properties throughout Australia, with a primary focus on large-format retailing warehouses and bulky goods properties leased predominantly to Bunnings Group Limited, Australia's leading home improvement and outdoor living retailer; the portfolio comprises approximately 84 geographically diversified assets across most Australian states, featuring long-term leases emphasizing high-visibility sites with access to arterial roads and serving retail customers, project builders, commercial tradespeople, and the housing industry. Established in 1998 and listed on the Australian Securities Exchange, the company maintains its headquarters at Level 14, Brookfield Place Tower 2, 123 St Georges Terrace, Perth, Western Australia. In recent developments, BWP Trust completed its merger with Newmark Property REIT in 2024, acquiring nine additional quality large-format retailing assets to form a combined $3.5 billion portfolio and executed compulsory acquisition of Newmark in June 2024; the trust internalized its management structure effective August 1, 2025, transitioning from external management by BWP Management Limited—a subsidiary fully owned by Wesfarmers Limited, which holds a 23% stake in BWP—to in-house operations alongside a significant lease reset for many Bunnings-tenanted properties.