BWP Trust

BWP Trust is a real estate investment trust specializing in the ownership and management of commercial properties across Australia, with a primary focus on large-format retail sites. Established in 1998 and headquartered in Perth, the trust's property portfolio is heavily concentrated in warehouses leased to Bunnings Group Limited, the leading home improvement and outdoor living retailer in Australia and New Zealand. This strategic alignment ensures long-term, stable rental income streams, as these properties are vital to Bunnings’ operational footprint. BWP Trust’s assets are spread throughout most Australian states, typically positioned on large, highly visible sites with strong road access, supporting prominent tenants in the retail sector. The trust is externally managed by a subsidiary of Wesfarmers Limited, which also owns a significant stake in the trust. As one of Australia's noteworthy listed REITs, BWP Trust plays a key role in providing exposure to essential retail infrastructure, characterized by defensive cash flows and a focus on supporting the region’s dominant DIY and building supply retailer.