Waypoint REIT Ltd. (AU:WPR) has released an update.
Waypoint REIT maintained steady earnings in 2023 amid economic challenges, reporting a consistent Distributable EPS of 16.48 cents and a strong focus on cost-efficiency, with one of the lowest management expense ratios in its index. The company’s portfolio showed resilience with a high occupancy rate and a long average lease expiry, although it experienced a decline in net tangible assets per security due to rising interest rates. Waypoint’s balance sheet remains robust, marked by low gearing and a reaffirmed investment grade rating from Moody’s.
For further insights into AU:WPR stock, check out TipRanks’ Stock Analysis page.
