Property Stocks Down Under 27 July 2022: BWP Trust (ASX:BWP)

After last week’s look into a REIT with exposure a uniquely American staple (the college system), we turn our attention to a REIT offering exposure to a uniquely Australian staple – Bunnings. And this REIT, BWP Trust (ASX: BWP), is actually holding up well this year, with a loss of just 2% (a fraction of the ASX 200 REIT Index’s 20% loss), not to mention a 40% gain on a 5-year basis. Why has it held up so far and can shareholders expect its outperformance to continue (if not perform even better)?