Waypoint REIT Ltd. (WPR) AI Stock Analysis

• Market Cap: AU$1.81B
• Dividend Yield: 5.99%
• Average Volume (3M): 1.69M
• Price to Earnings (P/E): 10.5
• Beta (1Y): 0.71
• Revenue Growth: 0.12%
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Specialty
• EPS (TTM): 0.08
• Shares Outstanding: 659,363,460
• 10 Day Avg. Volume: 2,520,900
• 30 Day Avg. Volume: 1,686,893
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$2.76
• Price Target Upside: 0.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 70 Outperform
• Price Target: AU$3.00 ▲(9.09% Upside)

Waypoint REIT Ltd. scores well due to its financial resilience, particularly the improvement in profitability and cash flow stability. Valuation metrics, including a low P/E ratio and high dividend yield, are strong positives. The technical analysis is neutral, reflecting balanced market conditions.

Waypoint REIT Ltd. Business Overview & Revenue Model

Company Description

Waypoint REIT is Australia's largest listed REIT owning solely service station and convenience retail properties with a high-quality portfolio of properties across all Australian States and mainland Territories. Waypoint REIT's objective is to maximise the long-term income and capital returns from its ownership of the portfolio for the benefit of all security holders. Waypoint REIT is a stapled entity in which one share in Waypoint REIT Limited (ABN 35 612 986 517) is stapled to one unit in the Waypoint REIT Trust (ARSN 613 146 464). This ASX announcement is prepared for information purposes only and is correct at the time of release to the ASX. Factual circumstances may change following the release of this announcement. Please refer to the Waypoint REIT website for further information waypointreit.com.au.

How the Company Makes Money

Waypoint REIT Ltd. generates revenue primarily through leasing its properties to tenants in the retail sector, with a significant portion of its portfolio comprising service station and convenience retail outlets. The company earns rental income from long-term lease agreements, which often include fixed annual rental increases, providing a steady and predictable cash flow. Additionally, Waypoint REIT may engage in property acquisitions and divestments to optimize its portfolio, potentially enhancing capital value and rental income. Partnerships with major retail operators and strategic property locations further contribute to the company's revenue streams.

Waypoint REIT Ltd. Financial Statement Overview

Summary

Waypoint REIT Ltd. has shown a strong turnaround in profitability and maintains consistent operating cash flow. Despite high debt levels, recent improvements in net income are promising, suggesting resilience and a positive outlook.

Income Statement

Waypoint REIT Ltd. shows stable revenue with slight fluctuations over recent years. The gross profit margin remains strong at 100%, indicating efficient cost management. Net profit margin improved significantly from a loss to a healthy profit, indicating a turnaround in profitability. However, the EBITDA margin was negative in 2023, which is a concern but has since recovered.

Balance Sheet

The company maintains a high debt-to-equity ratio due to minimal equity, which is a risk factor. Despite this, the equity ratio has decreased over time, indicating declining equity in relation to assets. The return on equity is volatile due to fluctuating net income, but recent improvements in net income are promising.

Cash Flow

Operating cash flow remains strong and stable, supporting free cash flow generation. The company effectively manages capital expenditures, maintaining robust free cash flow. The free cash flow to net income ratio indicates efficient conversion, although recent improvements in net income have positively affected this metric.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	165.00M	164.30M	168.60M	178.40M	178.30M
Gross Profit	165.00M	154.20M	157.90M	168.50M	169.00M
EBITDA	154.60M	-39.60M	167.10M	170.30M	168.70M
Net Income	131.50M	-79.10M	133.80M	443.60M	279.90M
Balance Sheet
Total Assets	2.83B	2.80B	2.99B	3.13B	2.93B
Cash, Cash Equivalents and Short-Term Investments	14.70M	13.30M	14.00M	19.00M	15.50M
Total Debt	919.50M	892.70M	884.50M	929.50M	845.80M
Total Liabilities	970.20M	965.30M	959.70M	999.90M	977.40M
Stockholders Equity	1.85B	1.83B	2.03B	2.13B	1.95B
Cash Flow
Free Cash Flow	110.80M	109.20M	116.20M	121.20M	116.80M
Operating Cash Flow	110.80M	109.20M	116.20M	121.20M	116.80M
Investing Cash Flow	2.50M	-200.00K	159.60M	127.60M	-48.70M
Financing Cash Flow	-111.90M	-109.70M	-280.80M	-245.30M	-80.10M

Waypoint REIT Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WPR, the sentiment is Positive. The current price of 2.75 is below the 20-day moving average (MA) of 2.75, above the 50-day MA of 2.63, and above the 200-day MA of 2.47, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 58.86 is Neutral, neither overbought nor oversold. The STOCH value of 30.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WPR.

Waypoint REIT Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDN	80 Outperform	2.87B	11.44	8.15%	6.18%	2.70%	205.08%
DXC	73 Outperform	420.16M	10.67	7.85%	6.77%	-3.97%	1057.09%
WPR	70 Outperform	AU$1.81B	10.50	9.29%	5.99%	0.12%	―
CIP	70 Outperform	2.25B	16.98	5.35%	4.58%	4.39%	176.52%
HMC	63 Neutral	1.35B	8.92	8.88%	3.66%	206.14%	101.96%
URF	45 Neutral	203.81M	-9.46	-11.16%	2.57%	-35.85%	35.27%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Waypoint REIT Ltd. Corporate Events

Waypoint REIT Director Increases Stake with Significant Share Acquisition

Waypoint REIT Ltd. announced a change in the director’s interest, with Director Christopher John Lawton acquiring an additional 30,000 ordinary stapled securities through an on-market purchase, bringing his total holdings to 50,000. This acquisition reflects a significant increase in the director’s stake in the company, potentially signaling confidence in the company’s future performance and impacting stakeholder perceptions positively.

The most recent analyst rating on (AU:WPR) stock is a Sell with a A$2.50 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.

Waypoint REIT Confirms Quarterly Distribution for June 2025

Waypoint REIT has confirmed the actual distribution for the period ending June 30, 2025. This update, following a previous announcement, pertains to a quarterly dividend distribution for its fully paid ordinary units stapled securities. The confirmation of the distribution reflects the company’s ongoing commitment to providing returns to its stakeholders, potentially impacting its market positioning by maintaining investor confidence.

The most recent analyst rating on (AU:WPR) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.

Waypoint REIT Reports Strong Profit Growth Amid Strategic Capital Management

Waypoint REIT Ltd. reported a significant increase in statutory net profit for the first half of 2025, driven by valuation gains on investment properties. Despite stable distributable earnings, the company saw a 46.9% rise in net profit after tax compared to the previous year. The REIT maintained a strong portfolio with a high occupancy rate of 99.9% and a weighted average lease expiry of 6.6 years. Capital management efforts included extending debt facilities, entering into interest rate swaps, and conducting an on-market buyback of securities, reflecting a robust financial strategy.

The most recent analyst rating on (AU:WPR) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.

Waypoint REIT to Announce Half-Year 2025 Results

Waypoint REIT has announced that it will release its half-year 2025 financial results on August 29, 2025. The results will be presented by the company’s Managing Director and CEO, Hadyn Stephens, and CFO, Aditya Asawa, via a conference call and webcast, highlighting the company’s ongoing transparency and engagement with stakeholders.

The most recent analyst rating on (AU:WPR) stock is a Hold with a A$2.70 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.

Waypoint REIT Reports Portfolio Valuation Increase and Asset Sales

Waypoint REIT has reported a valuation increase of $96 million for its portfolio, reaching a total value of $2,889.5 million, driven by rental increases and a slight tightening in capitalisation rates. The company has also announced asset sales totaling $34.5 million and an increase in its estimated net tangible assets per security to $2.89, reflecting a 4.7% rise since December 2024.

The most recent analyst rating on (AU:WPR) stock is a Hold with a A$2.70 price target. To see the full list of analyst forecasts on Waypoint REIT Ltd. stock, see the AU:WPR Stock Forecast page.