low interest rates are driving this, as with other REITs. higher prices being paid for Bunnings realestate make the bwp portfolio look conservatively valued. investors will take a 4-5% yield on a new Bunnings. Average cap rate for bwp portfolio is over 6% and mgmt have demonstrated an ability to reposition assets that Bunnings have vacated from. longer term higher/better use on a number of bwp sites is also an opportunity for future value add. mgmt focused on cashflow, the market does the rest.
SP overvalued?, page-24
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Last
$3.64 |
Change
0.050(1.39%) |
Mkt cap ! $2.597B | |||
| Open | High | Low | Value | Volume |
| $3.62 | $3.66 | $3.62 | $3.936M | 1.081M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 17327 | $3.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.65 | 13729 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| BWP (ASX) Chart |