BWP Trust announces positive full-year results

Company News

by David Chau

BWP Trust (ASX:BWP), the largest owners of Bunnings Warehouse stores in Australia, have announced its results for the full-year ended 30 June 2016.

BWP’s net profit was $310.5 million -- an increase over its result last year, which was $210 million.

As for total income, it went up by 3.7% over the previous year.  The Trust says this was due to rental growth from its existing property portfolio, rental income from store expansions and property developments which completed over the year.

BWP says its final distribution was 8.5 cents, and brings its full year distribution to 16.79 cents.

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