BWP Trust
(ASX:BWP) has revealed a solid lift in full-year net profit on the back of growth in its property portfolio.
In the year to June 30, BWP Trust posted net profit of $110.6 million, a 58 per cent lift on last year’s result.
The net profit includes $34.8 million in unrealised gain in the fair value of investment properties.
In the same period, revenue was about $109 million, almost 8 per cent higher than the previous corresponding period.
BWP Trust will pay a full-year dividend of 14.14 cents.
