BWP Property Portfolio Is Robust Regardless of External Factors- Says MD

  • Feb 04, 2020 AEDT
  • Team Kalkine

BWP Trust (ASX: BWP) briefs stakeholders and mentions that the commercial property sector and listed real estate investment entities have been attracting significant investment capital in search of yield amid a slowdown in domestic GDP.

Michael Wedgwood- the Managing Director, mentioned-

  • The existing portfolio of the company generates a high return on invested capital and finding a property that generates a yield commensurate with the underlying asset risk is particularly challenging in this sustained strong commercial property market.
  • BWP has a diverse and well-located property portfolio which is generally robust regardless of the external economic environment.
  • The company owns 75 properties, 67 of which are considered as core, and 8 of which are being transitioned from being Bunnings-leased properties to other purposes.
  • The core properties are generally at Bunnings’ current standard, or they are in good locations and difficult to replace, or they have been re-purposed with new long term leases in place.

 

 

 

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