BWP Trust (BWP) - Net Assets

Latest as of December 2025: AU$3.03 Billion AUD ≈ $2.14 Billion USD

Based on the latest financial reports, BWP Trust (BWP) has net assets worth AU$3.03 Billion AUD (≈ $2.14 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.11 Billion ≈ $2.91 Billion USD) and total liabilities (AU$1.08 Billion ≈ $761.67 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BWP Trust liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$3.03 Billion
% of Total Assets 73.78%
Annual Growth Rate N/A
5-Year Change 34.17%
10-Year Change 72.58%
Growth Volatility 11.57

BWP Trust - Net Assets Trend (1998–2025)

This chart illustrates how BWP Trust's net assets have evolved over time, based on quarterly financial data. Also explore BWP Trust (BWP) total assets for the complete picture of this company's asset base.

Annual Net Assets for BWP Trust (1998–2025)

The table below shows the annual net assets of BWP Trust from 1998 to 2025. For live valuation and market cap data, see BWP Trust (BWP) total market value.

Year Net Assets Change
2025-06-30 AU$2.84 Billion
≈ $2.01 Billion		 +4.88%
2024-06-30 AU$2.71 Billion
≈ $1.92 Billion		 +12.54%
2023-06-30 AU$2.41 Billion
≈ $1.70 Billion		 -3.24%
2022-06-30 AU$2.49 Billion
≈ $1.76 Billion		 +17.48%
2021-06-30 AU$2.12 Billion
≈ $1.50 Billion		 +7.50%
2020-06-30 AU$1.97 Billion
≈ $1.39 Billion		 +5.02%
2019-06-30 AU$1.87 Billion
≈ $1.33 Billion		 +2.27%
2018-06-30 AU$1.83 Billion
≈ $1.30 Billion		 +4.03%
2017-06-30 AU$1.76 Billion
≈ $1.25 Billion		 +7.09%
2016-06-30 AU$1.65 Billion
≈ $1.16 Billion		 +14.12%
2015-06-30 AU$1.44 Billion
≈ $1.02 Billion		 +9.94%
2014-06-30 AU$1.31 Billion
≈ $927.87 Million		 +26.43%
2013-06-30 AU$1.04 Billion
≈ $733.89 Million		 +6.49%
2012-06-30 AU$973.96 Million
≈ $689.14 Million		 -1.25%
2011-06-30 AU$986.32 Million
≈ $697.88 Million		 +24.41%
2010-06-30 AU$792.80 Million
≈ $560.95 Million		 +8.15%
2009-06-30 AU$733.02 Million
≈ $518.66 Million		 +14.76%
2008-06-30 AU$638.77 Million
≈ $451.97 Million		 -5.42%
2007-06-30 AU$675.37 Million
≈ $477.87 Million		 +33.87%
2006-06-30 AU$504.50 Million
≈ $356.97 Million		 +16.09%
2005-06-30 AU$434.58 Million
≈ $307.50 Million		 +9.93%
2004-06-30 AU$395.33 Million
≈ $279.72 Million		 +30.63%
2003-06-30 AU$302.64 Million
≈ $214.14 Million		 +18.62%
2002-06-30 AU$255.13 Million
≈ $180.52 Million		 +37.27%
2001-06-30 AU$185.85 Million
≈ $131.50 Million		 +7.32%
2000-06-30 AU$173.18 Million
≈ $122.54 Million		 +34.30%
1999-06-30 AU$128.95 Million
≈ $91.24 Million		 +380.86%
1998-06-30 AU$-45.91 Million
≈ $-32.49 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to BWP Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2424348.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$1.65 Billion 58.06%
Common Stock AU$1.19 Billion 41.95%
Other Comprehensive Income AU$-157.00K -0.01%
Total Equity AU$2.84 Billion 100.00%

BWP Trust Competitors by Market Cap

The table below lists competitors of BWP Trust ranked by their market capitalization.

Company Market Cap
Motorcomm Electronic Technology Co. Ltd. A
SHG:688515
 $2.02 Billion
SIMMTECH Co. Ltd
KQ:222800
 $2.02 Billion
Ningbo ZhongDa Leader Intelligent Transmission Co Ltd
SHE:002896
 $2.02 Billion
Pegasus Hava Tasimaciligi AS
IS:PGSUS
 $2.02 Billion
Kardex
SW:KARN
 $2.02 Billion
Atkore International Group Inc
NYSE:ATKR
 $2.02 Billion
Ceconomy AG
XETRA:CEC
 $2.02 Billion
China Railway Group Limited
F:CNO
 $2.02 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BWP Trust's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 2,707,550,000 to 2,839,635,000, a change of 132,085,000 (4.9%).
  • Net income of 265,577,000 contributed positively to equity growth.
  • Dividend payments of 131,785,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 422,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$265.58 Million +9.35%
Dividends Paid AU$131.78 Million -4.64%
Other Comprehensive Income AU$-422.00K -0.01%
Other Changes AU$-1.28 Million -0.05%
Total Change AU$- 4.88%

Book Value vs Market Value Analysis

This analysis compares BWP Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.99x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 3.25x to 0.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-06-30 AU$1.21 AU$3.94 x
1999-06-30 AU$1.13 AU$3.94 x
2000-06-30 AU$1.12 AU$3.94 x
2001-06-30 AU$0.97 AU$3.94 x
2002-06-30 AU$1.12 AU$3.94 x
2003-06-30 AU$1.15 AU$3.94 x
2004-06-30 AU$1.32 AU$3.94 x
2005-06-30 AU$1.37 AU$3.94 x
2006-06-30 AU$1.59 AU$3.94 x
2007-06-30 AU$2.13 AU$3.94 x
2008-06-30 AU$2.01 AU$3.94 x
2009-06-30 AU$2.30 AU$3.94 x
2010-06-30 AU$1.87 AU$3.94 x
2011-06-30 AU$2.16 AU$3.94 x
2012-06-30 AU$1.85 AU$3.94 x
2013-06-30 AU$1.94 AU$3.94 x
2014-06-30 AU$2.14 AU$3.94 x
2015-06-30 AU$2.25 AU$3.94 x
2016-06-30 AU$2.56 AU$3.94 x
2017-06-30 AU$2.74 AU$3.94 x
2018-06-30 AU$2.85 AU$3.94 x
2019-06-30 AU$2.92 AU$3.94 x
2020-06-30 AU$3.06 AU$3.94 x
2021-06-30 AU$3.29 AU$3.94 x
2022-06-30 AU$3.87 AU$3.94 x
2023-06-30 AU$3.75 AU$3.94 x
2024-06-30 AU$4.10 AU$3.94 x
2025-06-30 AU$3.98 AU$3.94 x

Capital Efficiency Dashboard

This dashboard shows how efficiently BWP Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 9.35%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 131.02%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 1.32x
  • Recent ROE (9.35%) is below the historical average (10.31%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 7.38% 0.00% 0.00x 1.44x AU$-3.37 Million
2000 8.01% 0.00% 0.00x 1.41x AU$-3.45 Million
2001 8.90% 0.00% 0.00x 1.55x AU$-2.04 Million
2002 8.26% 72.97% 0.08x 1.37x AU$-4.43 Million
2003 8.70% 73.57% 0.08x 1.56x AU$-3.92 Million
2004 8.16% 72.74% 0.08x 1.46x AU$-7.28 Million
2005 8.24% 70.86% 0.08x 1.44x AU$-7.65 Million
2006 14.88% 136.58% 0.08x 1.45x AU$24.63 Million
2007 30.65% 347.86% 0.06x 1.43x AU$139.44 Million
2008 0.11% 1.05% 0.07x 1.53x AU$-63.19 Million
2009 -1.59% -16.04% 0.07x 1.36x AU$-84.99 Million
2010 11.63% 118.14% 0.08x 1.29x AU$12.90 Million
2011 8.26% 96.89% 0.07x 1.26x AU$-17.13 Million
2012 7.18% 68.79% 0.08x 1.37x AU$-27.47 Million
2013 10.66% 101.36% 0.08x 1.35x AU$6.85 Million
2014 11.37% 116.99% 0.07x 1.40x AU$17.95 Million
2015 14.57% 145.01% 0.07x 1.40x AU$65.90 Million
2016 18.87% 206.73% 0.07x 1.34x AU$145.97 Million
2017 12.70% 146.80% 0.07x 1.31x AU$47.58 Million
2018 9.99% 119.36% 0.06x 1.29x AU$-211.90K
2019 11.24% 135.23% 0.07x 1.27x AU$23.18 Million
2020 10.70% 135.22% 0.06x 1.30x AU$13.77 Million
2021 12.43% 172.86% 0.06x 1.26x AU$51.53 Million
2022 19.57% 317.51% 0.05x 1.22x AU$238.00 Million
2023 1.53% 23.20% 0.05x 1.23x AU$-203.90 Million
2024 6.66% 103.30% 0.05x 1.32x AU$-90.53 Million
2025 9.35% 131.02% 0.05x 1.32x AU$-18.39 Million

Industry Comparison

This section compares BWP Trust's net assets metrics with peer companies in the REIT - Industrial industry.

Industry Context

  • Industry: REIT - Industrial
  • Average net assets among peers: $626,497,000
  • Average return on equity (ROE) among peers: 2.75%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
BWP Trust (BWP) AU$3.03 Billion 7.38% 0.36x $2.02 Billion
Abacus Storage King (ASK) $2.12 Billion 6.53% 0.53x $1.32 Billion
Centuria Industrial REIT (CIP) $108.94 Million -4.63% 1.71x $1.33 Billion
Dexus Industria REIT (DXI) $249.84 Million 9.11% 0.63x $558.98 Million
National Storage REIT (NSR) $30.15 Million 0.00% 6.35x $2.77 Billion

About BWP Trust

AU:BWP Australia REIT - Industrial
Market Cap
$2.02 Billion
AU$2.86 Billion AUD
Market Cap Rank
#6217 Global
#142 in Australia
Share Price
AU$3.94
Change (1 day)
+0.77%
52-Week Range
AU$3.48 - AU$4.10
All Time High
AU$4.10
Categories
Companies in Australia REIT - Industrial
About

Established and listed on the Australian Securities Exchange ("ASX') in 1998, BWP Trust ("BWP' or "the Trust') is a real estate investment trust investing in and managing commercial properties throughout Australia. Since its inception, and prior to management internalisation on 1 August 2025, BWP Trust was externally managed by BWP Management Limited ("BWPM'), the appointed responsible entity, wi… Read more