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BWP

BWP Group

Equity Real Estate Investment Trusts (REITs)

BWP Group is an Australian Real Estate Investment Trust (REIT) that specializes in owning warehouse retail properties. Its portfolio is primarily focused on Bunnings Warehouses across Australia. The company's business model centers around long-term leases with a strong tenant, providing a stable income stream for investors.

Short position

short percentage1.02%
reported shorts8M
shares on issue785.447M

BWP Group (ASX:BWP) has 1.02% of its shares on issue reported as short positions as of 5 Oct 2026, or about 8,041,565 shares. Over the past 30 days that figure has fallen 0.32 percentage points, and over 90 days it has fallen 0.14 percentage points. Its highest recorded short interest was 4.77% in November 2015. BWP is classified in the Equity Real Estate Investment Trusts (REITs) industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.

Price & short interest

Toggle series, zoom, and compare · ASIC daily, T+4

BWP Group (BWP) financials

Results, ratios and statements

Latest result

Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency

Revenue
$207.3Mvs $202.7M (FY25)
Yahoo Finance, as at 29 Sep 2026
NPAT
$408.4Mvs $265.6M (FY25)
Yahoo Finance, as at 29 Sep 2026
EPS (diluted)
$0.56vs $0.37 (FY25)
Yahoo Finance, as at 29 Sep 2026
Rev YoY
+2.3%FY
EPS YoY
+50.8%TTM

Key ratios

Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026

Gross margin
92.5%
Operating margin
87.5%
Net margin
197.0%
FCF margin
64.9%
ROE
13.2%
ROA
10.2%
FCF conversion
0.33×
Net debt (excl. leases)
$641.4M
Net debt / EBITDA
1.4×
Current ratio
1.2×
Interest cover
4.2×
Cash dividends paid / net profit
33.2%
Market cap
$2.82B
P/E
6.4×
P/B
0.8×

Property trust: profit and EBITDA include property revaluations, so margins and returns move with valuations.

Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.

Financial statements

Figures in AUD, the reporting currency; Yahoo Finance unless marked

BWP income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$207.3M$202.7M$173.7M$157.9M
Gross profit$191.8M$168.5M$144.8M$130.9M
Operating income$181.3M$167.4M$144.0M$130.0M
EBITDA$451.5M$300.6M$205.7M$53.4M
EBIT$451.5M$300.6M$205.7M$53.4M
Interest expense$42.7M$35.0M$25.4M$16.7M
Pretax income$408.8M$265.6M$180.2M$36.7M
Tax$400.0K$0$0$0
NPAT$408.4M$265.6M$180.2M$36.7M
Net interest income−$40.7M−$34.4M−$24.7M−$16.5M
EPS basic$0.56$0.37$0.27$0.057
EPS diluted$0.56$0.37$0.27$0.057
Shares785.1M715.9M715.9M644.5M