ASX:BWR

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Blackwall Property Trust

Executive Summary

Blackwall Property Trust is a real estate investment trust externally managed by BlackWall Fund Services Limited. More Details


Snowflake Analysis

Proven track record with mediocre balance sheet.

Share Price & News

How has Blackwall Property Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BWR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.3%

BWR

-2.9%

AU REITs

-0.5%

AU Market


1 Year Return

11.6%

BWR

-16.0%

AU REITs

-6.2%

AU Market

Return vs Industry: BWR exceeded the Australian REITs industry which returned -16% over the past year.

Return vs Market: BWR exceeded the Australian Market which returned -6.2% over the past year.


Shareholder returns

BWRIndustryMarket
7 Day-0.3%-2.9%-0.5%
30 Day4.3%4.2%6.8%
90 Day4.3%8.6%4.4%
1 Year17.7%11.6%-12.6%-16.0%-2.9%-6.2%
3 Year23.6%2.9%18.5%2.5%17.9%2.9%
5 Year67.1%18.0%43.9%12.0%43.9%14.6%

Price Volatility Vs. Market

How volatile is Blackwall Property Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Blackwall Property Trust undervalued compared to its fair value and its price relative to the market?

1.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BWR (A$1.44) is trading below our estimate of fair value (A$1.46)

Significantly Below Fair Value: BWR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BWR is poor value based on its PE Ratio (28.4x) compared to the AU REITs industry average (16.5x).

PE vs Market: BWR is poor value based on its PE Ratio (28.4x) compared to the Australian market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BWR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BWR's PB Ratio (1x) is in line with the AU REITs industry average.


Next Steps

Future Growth

How is Blackwall Property Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Blackwall Property Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Blackwall Property Trust performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BWR has a large one-off gain of A$19.3M impacting its June 30 2020 financial results.

Growing Profit Margin: BWR's current net profit margins (30%) are higher than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: BWR's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: BWR's earnings growth over the past year (65.3%) exceeds its 5-year average (8.4% per year).

Earnings vs Industry: BWR earnings growth over the past year (65.3%) exceeded the REITs industry 6.8%.


Return on Equity

High ROE: BWR's Return on Equity (9.3%) is considered low.


Next Steps

Financial Health

How is Blackwall Property Trust's financial position?


Financial Position Analysis

Short Term Liabilities: BWR's short term assets (A$41.7M) do not cover its short term liabilities (A$49.1M).

Long Term Liabilities: BWR's short term assets (A$41.7M) exceed its long term liabilities (A$40.0M).


Debt to Equity History and Analysis

Debt Level: BWR's debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: BWR's debt to equity ratio has reduced from 78.6% to 33.8% over the past 5 years.

Debt Coverage: BWR's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: BWR's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Blackwall Property Trust current dividend yield, its reliability and sustainability?

4.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BWR's dividend (4.86%) is higher than the bottom 25% of dividend payers in the Australian market (2.12%).

High Dividend: BWR's dividend (4.86%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).


Stability and Growth of Payments

Stable Dividend: BWR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BWR has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (161.9%), BWR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Tim Brown

no data

Tenure

Mr. Timothy Brown, also known as Tim, served as Interim Company Secretary at Blackwall Property Trust Formerly Blackwall Fund Services Limited since March 27, 2020 until April 23, 2020. Mr. Brown serves as ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BWR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Blackwall Property Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Blackwall Property Trust
  • Ticker: BWR
  • Exchange: ASX
  • Founded:
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: AU$204.696m
  • Shares outstanding: 142.15m
  • Website: https://www.blackwall.com.au/?et_fb=1#BWR

Location

  • Blackwall Property Trust
  • 50 Yeo Street
  • Neutral Bay
  • New South Wales
  • 2089
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BWRASX (Australian Securities Exchange)YesUnitsAUAUDOct 2011
BWRCHIA (Chi-X Australia)YesUnitsAUAUDOct 2011

Biography

Blackwall Property Trust is a real estate investment trust externally managed by BlackWall Fund Services Limited. It invests in the real estate markets across Australia. It primarily invests in the industr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 10:35
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.