BWP Trust (ASX:BWP) has announced impressive financial results for the full year ended June 30, 2024. The company reported a significant increase in both sales and net income compared to the previous year.
Key highlights from the results include:
- Strong like-for-like rental growth: The Trust achieved a 4.2% increase in like-for-like rental growth, driven by successful rent reviews with Bunnings and the repurposing of the Hervey Bay property.
- Profitable growth: The acquisition of Newmark Property REIT, along with strategic property acquisitions and improvements, contributed to the company’s overall growth.
- Portfolio optimisation: BWP Trust continued to refine its portfolio through divestments of non-core assets and debt refinancing.
These results demonstrate BWP Trust’s commitment to delivering value for shareholders through portfolio optimisation, profitable growth, and strong rental performance.
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