ASX:BWP

BWP Expects AU$115.6 Million Net Gain From Property Portfolio Revaluation

BWP (ASX:BWP) said a revaluation of its investment property portfolio is expected to result in a net gain of about AU$115.6 million for the six months through June, according to a Wednesday filing with the Australian bourse.The gain reflects a revaluation uplift of AU$51.1 million from three properties in development during fiscal year 2026, a firming of the weighted average capitalization rate for BWP's portfolio to 5.25% in June from 5.27% in December 2025, as well as improved income from re-leasing activities, per the filing.The revaluations will be formally adopted by the company's board as it finalizes its accounts and audit process for the fiscal year ending June 30.

Jarden Adjusts BWP Trust's Price Target to AU$3.47 from AU$3.45, Keeps at Underweight

BWP Trust Completes Institutional Entitlement Offer

BWP Trust (ASX:BWP) completed the institutional component of its fully underwritten one-for-12 accelerated non-renounceable pro rata entitlement offer at a fixed issue price of AU$3.77 per new security, raising gross proceeds of around AU$122 million, according to a Thursday Australian bourse filing.Its institutional securityholders accounted for a take-up rate of around 98%. The gross proceeds included Wesfarmers' full entitlement of around AU$53 million.Around 32 million new securities will be issued under the institutional entitlement offer at the issue price.The fully underwritten retail component of the entitlement offer is expected to raise around AU$106 million and will open on May 12.

BWP Trust Launches AU$228 Million Security Entitlement Offer

BWP Trust (ASX:BWP) launched a fully underwritten pro rata entitlement offer to generate about AU$228 million, according to a Wednesday filing with the Australian bourse.The offer entitles eligible security holders to subscribe for one new security for every 12 existing BWP securities held as of the May 8 record date at a price of AU$3.77 per security.Wesfarmers (ASX:WES), which is BWP's largest security holder with a 23.4% stake, will take up its full entitlement with a commitment of about AU$53 million, per the filing.BWP Trust said proceeds from offer facilitate future capital deployment opportunities including the funding of commitments.