BWP
(ASX:BWP) has reported its net profit fell to $223.8 million for the financial year ending 30 June 2017, compared to its stronger $310.5 million net profit in FY16.
The real estate investment trust, that’s known for leasing properties to Bunnings says its distributable profit, excluding revaluations, firmed higher to $112.5 million.
Its total revenue rose over $2 million to $152.5 million in FY2017 mainly due to rental growth.
Meantime, BWP’s full year distribution per security rose to 17.51 cents per unit.
Shares in BWP
(ASX:BWP) are trading 2.03 per cent lower to $2.89.
