BWP Trust (ASX:BWP) has delivered a robust set of half-year results for the period ended Dec. 31, 2025, headlined by a significant 41.2% rise in statutory profit to $221.8 million.
The performance was bolstered by a 3% climb in revenue to $103.6 million and a portfolio revaluation that pushed the group’s total assets to $3.9 billion.
BWP declared an interim distribution of 9.58 cents per security, reflecting a 4.1% increase over the previous year.
Managing Director Mark Scatena attributed the growth to the successful execution of the Group’s "strategic pillars," specifically highlighting the transition to an internalised management structure on Aug. 1, 2025.
The move has reportedly lowered the cost of capital and diversified funding.
Operational highlights included a portfolio occupancy of 96.7% and a weighted average lease expiry that has increased to 7.5 years.
The group's focus on portfolio optimisation saw the amendment of 62 Bunnings leases and active repurposing of vacated sites in Fountain Gate and Noarlunga.
"LFR (Large Format Retail) tenant strength, combined with low supply, drove strong rental outcomes," Scatena noted, pointing to a like-for-like rental income growth of 2.6%.