Waypoint REIT Ltd. ( (AU:WPR) ) has issued an update.
Waypoint REIT Ltd. reported a significant turnaround in its financial performance for the year ended December 31, 2024, with a net profit of $131.5 million compared to a net loss of $79.1 million in the previous year. This improvement was largely due to valuation movements on investment properties. The company’s property portfolio remained robust with a 99.9% occupancy rate and a slight increase in net tangible assets per security. In terms of capital management, Waypoint REIT maintained a gearing ratio within its target range and enhanced its debt structure through a new $500 million syndicated bank debt facility, alongside additional interest rate hedging measures, to bolster its financial resilience.
More about Waypoint REIT Ltd.
Waypoint REIT Ltd. is Australia’s largest listed real estate investment trust (REIT) focused exclusively on fuel and convenience retail properties. The company operates a high-quality network across all Australian states and mainland territories, aiming to maximize long-term returns for its securityholders.
YTD Price Performance: 3.43%
Average Trading Volume: 1,204,382
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.62B
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