BWP Trust (ASX:BWP) to provide 18.29 cents as full-year dividend, shares gain

August 03, 2022 01:03 PM AEST | By Ritwika

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BWP Trust (ASX:BWP) to provide 18.29 cents as full-year dividend, shares gain — Image source: Image source: © Kitzcorner | Megapixl.com

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Highlights:

BWP reports a 0.7% gain in its revenue from ordinary activities in FY22.

The real estate firm delivered a profit from ordinary activities worth AU$486,637, up by 84.9% from FY21.

The company will be paying 18.29 cents as the total dividend based on FY22 earnings.

Australian Real estate firm BWP Trust (ASX:BWP) released its financial results for the full year FY22 ended on 30 June 2022 on the ASX today (3 August). The company reported a 0.6% gain in its profit before gains on its investment activities.

Followed by the release of financial results, the company's shares began trading in green on Wednesday morning. At 12:33 PM AEST, the shares of the real estate firm were spotted trading 1.182% higher at AU$4.280 per share.

Details of BWP's FY22 results:

BWP's revenue from ordinary activities gained by 0.7% in FY22. The company delivered a revenue of AU$153,266 in the given period.
Profit before gains on investment properties stood at AU$114,698, up by 0.6% from the previous corresponding period (FY21).
Furthermore, BWP registered a 149.3% increase in its gains in the fair value of investment properties as compared to its previous corresponding period. The gains amounted to AU$371,939 in FY22.
Furthermore, the company's profit from ordinary activities attributable to unit holders rose by 84.9% to AU$486,637 in FY22.
BWP's net tangible assets per unit gained by 17.6% to AU$3.87 in FY22.

Image source: © Viruswin32 | Megapixl.com

Details of BWP's dividend distribution plan:

BWP's board has determined to spend AU$57,943 to pay interim dividend at 9.02 Australian cents per share to its eligible shareholders in FY22.
Additionally, the board of BWP has also decided to spend a total of AU$59.549 as the final dividend. The company will pay 9.27 Australian cents as final dividend to its eligible shareholders in FY22.
Therefore, the total dividend amount in FY22 stands at 18.29 Australian cents per share, consistent with the previous year's distribution.

The record date for BWP's final dividend was 30 June 2022. The company is expected to pay the final dividend on 19 August 2022.

BWP's share price movement on the ASX:

In a year's time, BWP's share price has surged by 4.39% on the ASX. Meanwhile, BWP's YTD-based share price gained by 1.42% (as of 12:35 PM AEST on the ASX today). In last one month, BWP's share price appreciated by 7.81% in last six months, the price has appreciated 6.47%.

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