BWP Trust asset in Western Australia, Ellenbrook. (Photo: BWP Trust)

BWP Trust reported its half-year results for the six months ended 31 December 2025 on 13 February 2026.

The REIT's profit after revaluations surged 41.2% to AUD221.8 million compared to AUD157.1 million in the prior corresponding period.

Total income increased 3.0% to AUD103.6 million from AUD100.6 million, while total expenses rose to AUD37.4 million from AUD34.5 million, which included AUD2.8 million in one-off internalisation transaction costs.

Funds from operations increased 6.0% to AUD70.4 million from AUD66.4 million, with the distribution payout ratio at 98.6% of funds from operations.

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By Rachel Young

Rachel Young is a staff writer for REITsWeek and is based in Singapore. She focuses on REITs listed in the North American and European markets but occasionally covers REITs in the Asia-Pacific region.