BWP Trust property at Brendale, in the Australian state of Queensland. (Photo: BWP Trust)

Australia-listed BWP Trust has reported an interim distribution of 8.93 Australian cents for its interim distribution.

This is an increase of 1.7% over what was reported by the REIT in the corresponding period of its previous financial year.

The increase came on the back of a 2.5% like-for-like rental growth for the 12 months to 31 December 2018.

To read the full article, please login or subscribe.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.