Shares of BWP Trust fall as much as 2.2% to A$3.590, their lowest since July 12.

The real estate investment trust posts full-year total income of A$158.2 mln ($104.25 mln) - in line with Citi estimates.

BWP expects distribution for the year ending 30 June 2024 to be similar to the ordinary distribution paid for the current FY.

FY24 dividend guidance is slightly above consensus expectations but supported by undistributed income reserve - Citi.

Brokerage has a target price of A$3.50 for co.

1 of 7 analysts rate the stock ‘hold’ and 6 ‘sell’ or lower; their median PT is A$3.56 – Refinitiv data.

Stock down 6.1% this year, as of last close.

BWP Trust is a real estate investment trust based in Australia.