BWP Trust
BWP: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$3.80 | Wlzwz | Jlhqkml |
BWP Proving Highly Resilient to the Coronavirus
Business Strategy and Outlook
For over 20 years, BWP Trust has consistently applied a strategy of generating rental income from long duration leases over warehouse properties predominantly tenanted by one home improvement retail business: Bunnings. Although BWP is proposing to transition some Bunnings Warehouse stores to alternative uses, strategy is to have 80% to 90% of rental income from Bunnings. Wide-moat Wesfarmers owns 100% of Bunnings and 25% of BWP, and is the trust's responsible entity.