BWP Trust has estimated a distribution per unit (DPU) of 8.85 Australian cents for the REIT’s six month period ending 30 June 2017 (1H 2017).
The DPU represents an increase of 5.35% over the 8.4 cents reported for the corresponding period of 2016.
BWP Trust is an Australian-listed commercial REIT with a portfolio of 80 properties across 258 hectares of total land area, most of which are primarily retail in nature.
As at 31 December 2016, the REIT has a portfolio value of AUD2.2 billion (USD1.6 billion), with annual rent collected at AUD150 million.
In accordance with BWP Trust’s constitution, all distributable profit for the period will be paid out to eligible unitholders, and this is expected to be made on 25 August.
The REIT has also indicated that it expects no conduit foreign income included in the distribution.