Room for BWP's Cap Rates to Compress More -- Market Talk

Dow Jones2022-08-04

2348 GMT - BWP Trust's property portfolio may be worth more than it seems. BWP on Wednesday said its capitalization rate--annual net income produced by a property divided by the purchase price--tightened to 5.04% at end-June, from 5.11% six months earlier. But in a note, Citi analyst Howard Penny says the most recent regional store traded at a cap rate of 4.29%, which signals "room for further potential compression." BWP is trading on a price-to-earnings multiple of more than 23 times, which Citi considers too expensive relative to other Australian Reits. So, it retains a sell call on BWP's stock. (david.winning@wsj.com; @dwinningWSJ)

$(END)$ Dow Jones Newswires

August 03, 2022 19:48 ET (23:48 GMT)

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Richo64
2022-10-31
Richo64
Great stock to hold long term

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But in a note, Citi analyst Howard Penny says the most recent regional store traded at a cap rate of 4.29%, which signals \"room for further potential compression.\" BWP is trading on a price-to-earnings multiple of more than 23 times, which Citi considers too expensive relative to other Australian Reits. So, it retains a sell call on BWP's stock. 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BWP on Wednesday said its capitalization rate--annual net income produced by a property divided by the purchase price--...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BWP.AU","symbol_name":"BWP TRUST","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2256917622","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2256917622","pubTimestamp":1659570480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2348 GMT - BWP Trust's property portfolio may be worth more than it seems. 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