Australia's BWP Trust gains on upbeat HY earnings, in-line DPU

BWP Trust

05/02/2025 02:53

(Updates share moves, adds Citi's comments)
    ** Shares of BWP Trust  BWP.AX  rise 4.6% to A$3.44
    ** Stock hits its highest level since Dec. 5
    ** Real estate investment trust posts HY profit attributable
of A$157.1 mln ($98.23 mln) versus A$53.2 mln from a year
earlier
    ** Co's posts interim distribution per unit of 9.20 AU cents
and provides distribution outlook of 9.46 AU cents/unit for 2H25
    ** Citi says co's interim DPU is in line with Citi and
Visible Alpha consensus estimates
    ** Stock rose as much as 5.2% earlier in the day, marking
its biggest intraday gain since June 9, 2020
    ** Stock up 5% YTD including current session's moves


($1 = 1.5992 Australian dollars)

 (Reporting by Sherin Sunny & Rajasik Mukherjee in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com;))