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BWP Trust fiscal FY'17 distribution up YOY

BWP Trust said final distribution per unit, or DPU, for the 12 months to June 30 amounted to 8.88 Australian cents, up 4% from the year ago's 8.50 cents.

Together with the 8.63 cents interim DPU paid earlier, fiscal full-year 2017 DPU reached 17.51 cents, an increase from the fiscal 2016 DPU of 16.79 cents. The final distribution will be paid Aug. 25 to shareholders on record June 30, according to the trust's earnings statement.

The year-over-year DPU increase comes as the company reported a 28% decrease in its profit attributable to unit holders to about A$223.8 million from A$310.5 million.

Looking into the 2018 financial year, BWP expects DPU to be in line with fiscal 2017 figures.

As of Aug. 1, US$1 was equivalent to A$1.25.