What is the Trust’s main source of income?
The Trust’s main source of income is the rent paid by Bunnings and other customers for leasing their respective premises from the Trust. Rent is generally based on the area of the property leased by the tenant, and typically does not have reference to the tenant’s turnover at the premises. Growth in rental income typically comes from acquiring additional leased properties and from increases in rent from existing properties. Rents from existing properties grow as a result of annual incremental rent increases and periodic market reviews in accordance with the lease. Rental growth may also occur when there are upgrades to existing properties, which increase the lettable area.
What are the major expenses incurred by the Trust?
The main items of expense for the Trust are borrowing costs and the fee paid to the responsible entity for managing the Trust. The amount of borrowing costs will be determined by the level of borrowings the Trust has from time to time, and the interest rates and bank costs associated with those borrowings. The level of management fee paid by the Trust depends on the value of the gross assets of the Trust over the period.
How are investment properties valued?
Investment properties are revalued each six months to assess their fair value based on market conditions and the circumstances of each particular property. Changes in the fair value of properties as a result of revaluations are recorded as an unrealised revaluation gain or loss for the period and do not affect distributable profit.
What are the head office contact details?
Responsible Entity - BWP Management Limited
Address Level 11 Wesfarmers House, 40 The Esplanade, PERTH WA 6000
Telephone (+61 8) 9327 4356
Facsimile (+61 8) 9327 4344
What is the name and contact details of the Unit Registry?
172 St George's Terrace
Perth Western Australia 6000
GPO Box D182
Perth, Western Australia 6840
Telephone from within Australia: 1300 136 972
Facsimile from within Australia: 1800 783 447
Telephone from outside Australia: +61 3 9415 4323
Facsimile from outside Australia: +61 8 9473 2555
Who are the Company auditors?
235 St Georges Terrace
PERTH WA 6000
When is the financial year end?
30 June each year, with the annual results typically announced to the ASX in early August. Refer to the Key Dates of the website for current reporting dates.
How can I obtain a copy of the annual report?
An electronic version of the annual report will be available on this website at the time it is announced to the ASX.
How can I obtain announcements made to the market?
These announcements are available in the ASX Announcements section of our website or by accessing the archive section of the Australian Stock Exchange.
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