BWP Trust

BWP Trust, a real estate investment trust, commenced trading on the Australian Securities Exchange (ASX) in 1998, focusing on the acquisition and administration of commercial properties throughout Australia. Its portfolio largely comprises expansive retail premises, primarily Bunnings Warehouses, which are leased to Bunnings Group Limited. Bunnings stands as a prominent retailer of home improvement and outdoor lifestyle goods across Australia and New Zealand, also serving as a key supplier to the construction and trade industries. For a complete overview of the Trust's property holdings, please refer to the "Our Properties" section of its website. The Trust's management is entrusted to BWP Management Limited, an external entity established by the Trust's constitutional documents and licensed under an Australian Financial Services Licence. This managing entity is exclusively focused on the Trust's oversight and receives an annual remuneration derived from its total asset value. Both Bunnings and BWP Management Limited operate as wholly-owned subsidiaries of Wesfarmers Limited, a significant publicly listed Australian conglomerate. Furthermore, Wesfarmers holds roughly 24.75% of the Trust's outstanding units.