This is my preferred property play and a great income pay.
From the last annual report west farmers still hold about 26% of the shares so IMO rising rents should concern them much as they're getting the div back anyway.
Like for like rental growth was up from 2.1% to 2.5%. And the properties that were reviewed were up 3.8%. acquired 10 properties, would expect to see increase in divs with a reduction in spending. the yield of about 6% is pretty attractive plus the drp discount adds value add value as well
. At current prices I'm not buying but if we were to get back to 2.20 would be adding to my holdings. imo, this is a set and forget.
Not like bml, looking interesting in coming weeks.
Dividend BWP, page-5
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Last
$3.43 |
Change
0.010(0.29%) |
Mkt cap ! $2.447B | |||
| Open | High | Low | Value | Volume |
| $3.43 | $3.46 | $3.42 | $1.856M | 539.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9352 | $3.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.45 | 46606 | 3 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| BWP (ASX) Chart |