Waypoint REIT Ltd. ( (AU:WPR) ) has shared an announcement.
Waypoint REIT is collaborating with Viva Energy Australia to convert its fuel and convenience network to the ‘On The Run’ (OTR) format, with plans to convert up to 50% of Viva Energy’s Express network by 2028. Waypoint REIT has also announced an on-market buyback of up to $50 million in securities, aiming to enhance securityholder value and increase liquidity for future investments.
More about Waypoint REIT Ltd.
Waypoint REIT is Australia’s largest listed Real Estate Investment Trust (REIT) focused exclusively on owning fuel and convenience retail properties. The company maintains a high-quality network across all Australian states and mainland territories, aiming to maximize long-term returns for its securityholders.
YTD Price Performance: 5.24%
Average Trading Volume: 1,535,925
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.62B
For an in-depth examination of WPR stock, go to TipRanks’ Stock Analysis page.