Waypoint REIT Ltd. (WPR) AI Stock Analysis

• Market Cap: AU$1.65B
• Dividend Yield: 6.3%
• Average Volume (3M): 2.20M
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.51
• 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: 652,934,450
• 10 Day Avg. Volume: 2,290,676
• 30 Day Avg. Volume: 2,200,004
• PEG Ratio: -0.04
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 9.50
• P/FCF Ratio: 14.14
• 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$2.70
• Price Target Upside: 6.30% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: AU$3.00 ▲(18.11% Upside)

Waypoint REIT Ltd. benefits from a strong valuation with a low P/E ratio and high dividend yield, making it attractive for value and income investors. Financial performance shows resilience with improved profitability and stable cash flows, though high debt levels remain a concern. Technical indicators suggest potential short-term weakness, but the stock is nearing oversold conditions.

Positive Factors

Portfolio Valuation Increase

The increase in portfolio valuation enhances the company's asset base, reflecting successful property management and strategic acquisitions, which can lead to higher rental income and improved financial stability.

Stable Cash Flow

Consistent cash flow generation supports the company's ability to maintain distributions to investors and fund strategic initiatives, reinforcing its financial health and operational resilience.

High Occupancy Rate

A high occupancy rate ensures steady rental income and indicates strong demand for the company's properties, supporting long-term revenue stability and growth potential.

Negative Factors

High Debt Levels

High debt levels can strain financial flexibility and increase risk, especially in a rising interest rate environment, potentially impacting the company's ability to invest in growth opportunities.

Volatile Return on Equity

Volatility in return on equity can signal inconsistent financial performance, potentially affecting investor confidence and the company's ability to attract new capital.

Director's Stake Reduction

A reduction in a director's stake might signal a lack of confidence in the company's future prospects, potentially affecting market perception and investor sentiment.

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 generates revenue primarily through the rental income derived from its portfolio of commercial properties. The company enters into long-term lease agreements with tenants, which provide a consistent and predictable cash flow. Additionally, WPR may realize capital gains through the appreciation of property values upon the sale of assets. The company may also engage in strategic partnerships or joint ventures to enhance its property portfolio or leverage expertise in property management, further contributing to its earnings.

Waypoint REIT Ltd. Financial Statement Overview

Summary

Waypoint REIT Ltd. has shown a strong turnaround in profitability with consistent operating cash flow. However, high debt levels relative to equity remain a concern. Recent improvements in net income and cash flow stability provide 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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	225.10M	165.00M	164.30M	168.60M	178.40M	178.30M
Gross Profit	225.10M	165.00M	154.20M	157.90M	168.50M	169.00M
EBITDA	0.00	154.60M	147.60M	147.40M	153.30M	168.70M
Net Income	175.30M	131.50M	-79.10M	133.80M	443.60M	279.90M
Balance Sheet
Total Assets	2.91B	2.83B	2.80B	2.99B	3.13B	2.93B
Cash, Cash Equivalents and Short-Term Investments	14.40M	14.70M	13.30M	14.00M	19.00M	15.50M
Total Debt	952.60M	919.50M	892.70M	884.50M	929.50M	845.80M
Total Liabilities	1.00B	970.20M	965.30M	959.70M	999.90M	977.40M
Stockholders Equity	10.00M	1.85B	1.83B	2.03B	2.13B	1.95B
Cash Flow
Free Cash Flow	112.50M	110.80M	109.20M	116.20M	121.20M	116.80M
Operating Cash Flow	112.50M	110.80M	109.20M	116.20M	121.20M	116.80M
Investing Cash Flow	6.30M	2.50M	-200.00K	159.60M	127.60M	-48.70M
Financing Cash Flow	-119.90M	-111.90M	-109.70M	-280.80M	-245.30M	-80.10M

Waypoint REIT Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 2.54 is below the 20-day moving average (MA) of 2.56, below the 50-day MA of 2.59, and above the 200-day MA of 2.52, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 40.26 is Neutral, neither overbought nor oversold. The STOCH value of 37.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	AU$2.85B	11.36	8.25%	6.09%	2.70%	205.08%
HMC	79 Outperform	AU$1.79B	11.83	10.22%	3.17%	206.14%	101.96%
CIP	70 Outperform	AU$2.10B	16.08	5.38%	4.85%	4.39%	176.52%
WPR	66 Neutral	AU$1.65B	9.63	9.29%	6.30%	0.12%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DXC	64 Neutral	AU$396.74M	10.08	7.93%	7.46%	-3.97%	1057.09%
URF	40 Underperform	AU$199.65M	-9.29	-5.60%	2.62%	-35.85%	35.27%

Waypoint REIT Ltd. Corporate Events

Waypoint REIT Secures Viva Energy Leases and Extends Debt Maturities

Waypoint REIT has strengthened its leasing profile with Viva Energy Australia, as the fuel retailer has exercised ten-year options on 21 of 26 leases expiring in 2026, securing occupancy through to August 2036 and delivering a 12.3% uplift in rental income from these sites from August 2026, with further details on the remaining five leases to be provided with the FY25 results. In parallel, the REIT has executed several capital management initiatives, including extending a $100 million bilateral facility, establishing a new $70 million facility and repaying a US$78 million US private placement tranche early, which together push its next debt maturity out to March 2028 and lengthen its average debt duration to 3.8 years at year-end 2025, while it finalises December 2025 portfolio valuations to be reported once completed.

The most recent analyst rating on (AU:WPR) stock is a Hold 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 Announces New Dividend Distribution

Waypoint REIT has announced a new dividend distribution of AUD 0.042 per fully paid ordinary unit, with the ex-date set for December 30, 2025, and the record date on December 31, 2025. The payment is scheduled for March 10, 2026, and relates to the financial period ending December 31, 2025, reflecting the company’s ongoing commitment to providing returns to its investors.

The most recent analyst rating on (AU:WPR) stock is a Hold 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 Announces Cessation of Securities via Buy-Back

Waypoint REIT Ltd. announced the cessation of 6,429,009 fully paid ordinary units stapled securities due to an on-market buy-back, effective November 3, 2025. This move is part of the company’s capital management strategy, potentially enhancing shareholder value by reducing the number of outstanding shares, which may positively impact earnings per share and the company’s market positioning.

The most recent analyst rating on (AU:WPR) stock is a Hold 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 Completes Significant Buy-Back Program

Waypoint REIT Ltd. has announced the final notification of its on-market buy-back program, purchasing a total of 19,061,758 securities for approximately AUD 49,996,000. This buy-back reflects the company’s strategic financial management approach, potentially enhancing shareholder value and optimizing capital structure.

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 Updates on Ongoing Buy-Back Program

Waypoint REIT has announced an update regarding its ongoing on-market buy-back program. As of October 30, 2025, the company has repurchased a total of 18,763,758 securities, with 319,124 bought back on the previous day. This buy-back initiative may impact the company’s market positioning by potentially increasing shareholder value and optimizing its capital structure.

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 Updates on Market Buy-Back Program

Waypoint REIT Ltd. announced an update on its ongoing on-market buy-back program, revealing that it repurchased 243,360 securities on the previous day, bringing the total number of securities bought back to 18,201,274. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and offering implications for stakeholders by signaling confidence in its financial health.

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 Ltd. Updates on Buy-Back Program

Waypoint REIT Ltd. has announced an update on its ongoing buy-back program, revealing that a total of 18,201,274 securities have been bought back, including 2,496 on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.

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 Updates on Securities Buy-Back Program

Waypoint REIT Ltd. has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 22,136 securities on the previous day, bringing the total number of securities bought back to 18,176,642. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a proactive approach to optimizing its financial operations and market positioning.

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 Updates on Ongoing Buy-Back Program

Waypoint REIT has announced an update on its ongoing on-market buy-back program, revealing that a total of 16,614,665 securities have been bought back before the previous day, with an additional 300,529 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

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 Continues Strategic Buy-Back Program

Waypoint REIT Ltd. has announced an update regarding its ongoing on-market buy-back program. As of October 16, 2025, the company has repurchased a total of 580,034 securities on the previous day, contributing to an overall total of 15,626,399 securities bought back. This buy-back initiative is part of Waypoint REIT’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach in managing its financial operations.

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 Updates on Market Buy-Back Progress

Waypoint REIT has announced an update regarding its ongoing on-market buy-back program. As of October 15, 2025, the company has repurchased a total of 15,626,399 securities, with 480,000 bought back on the previous day. This buy-back initiative is part of Waypoint REIT’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.

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 Updates on Buy-Back Program

Waypoint REIT Ltd. has announced an update regarding its ongoing on-market buy-back program, with a total of 130,000 securities bought back on the previous day, adding to the cumulative total of 15,016,399 securities repurchased. This buy-back initiative is part of the company’s strategy to manage its capital structure efficiently, potentially enhancing shareholder value by reducing the number of outstanding shares.

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.