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Waypoint REIT Ltd.
(Sydney:WPR)
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Rating:72Outperform
Price Target:
AU$2.50
▼(-1.19% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by steady operating/free cash flow and moderate leverage, balanced against volatility in reported earnings and a sharp 2025 revenue decline. Valuation is a key positive (low P/E and high dividend yield), while technicals are mildly supportive with price above key moving averages but only moderate momentum.
Positive Factors
Recurring rental income
Long-term leases provide a recurring revenue base that is less dependent on individual property sales or short-term market activity. Contractual rent escalations and potential recovery of property outgoings can support income durability and improve visibility over the next several quarters.
Negative Factors
Sharp revenue decline
The sharp 2025 revenue contraction interrupts the company’s previously stable trend and raises concern about near-term income growth. If revenue remains below prior levels, it could constrain distribution growth, reduce reinvestment capacity and weaken the durability of earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income
Long-term leases provide a recurring revenue base that is less dependent on individual property sales or short-term market activity. Contractual rent escalations and potential recovery of property outgoings can support income durability and improve visibility over the next several quarters.
Read all positive factors
Waypoint REIT Ltd. (WPR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.38B
Dividend Yield8.03%
Average Volume (3M)1.67M
Price to Earnings (P/E)10.8
Beta (1Y)0.34
Revenue Growth-1.27%
EPS Growth-24.64%
CountryAU
Employees8
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)0.20
Shares Outstanding653,073,550
10 Day Avg. Volume1,545,446
30 Day Avg. Volume1,665,324
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.89
Price to Sales (P/S)10.32
P/FCF Ratio15.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.60Price Target Upside2.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.17
Revenue Forecast (FY)AU$168.49M
Waypoint REIT Ltd. Business Overview & Revenue Model
Company Description
Waypoint REIT operates as Australia's foremost publicly listed real estate investment trust, concentrating solely on service station and convenience retail assets. Its extensive, high-quality portfolio encompasses all Australian states and mainlan...
How the Company Makes Money
Waypoint REIT primarily makes money by collecting rental income from its property portfolio. Its core revenue stream is lease payments from tenants operating fuel and convenience retail sites on WPR-owned land and buildings, with leases generally ...
Waypoint REIT Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
74
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 162.80M | 163.70M | 165.00M | 164.30M | 168.60M | 178.40M |
| Gross Profit | 151.70M | 153.00M | 165.00M | 154.20M | 157.90M | 168.50M |
| EBITDA | 180.70M | 248.60M | 157.90M | 144.90M | 157.90M | 168.50M |
| Net Income | 128.80M | 200.10M | 131.50M | -79.10M | 133.80M | 443.60M |
Balance Sheet | ||||||
| Total Assets | 2.89B | 2.88B | 2.83B | 2.80B | 2.99B | 3.13B |
| Cash, Cash Equivalents and Short-Term Investments | 15.40M | 14.40M | 14.70M | 13.30M | 14.00M | 19.00M |
| Total Debt | 926.30M | 932.80M | 919.50M | 892.70M | 884.50M | 929.50M |
| Total Liabilities | 985.90M | 986.40M | 970.20M | 965.30M | 959.70M | 999.90M |
| Stockholders Equity | 1.90B | 1.89B | 1.85B | 1.83B | 2.03B | 2.13B |
Cash Flow | ||||||
| Free Cash Flow | 110.40M | 111.10M | 110.80M | 109.20M | 116.20M | 121.20M |
| Operating Cash Flow | 110.50M | 111.10M | 110.80M | 109.20M | 116.20M | 121.20M |
| Investing Cash Flow | 39.90M | 37.60M | 2.50M | -200.00K | 159.60M | 127.60M |
| Financing Cash Flow | -149.40M | -149.00M | -111.90M | -109.70M | -280.80M | -245.30M |
Waypoint REIT Ltd. Technical Analysis
Neutral
2.53
Price Trends
2.19
Negative
2.30
Negative
2.32
Negative
Market Momentum
-0.02
Negative
48.51
Neutral
77.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WPR, the sentiment is Neutral. The current price of 2.53 is above the 20-day moving average (MA) of 2.09, above the 50-day MA of 2.19, and above the 200-day MA of 2.32, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.51 is Neutral, neither overbought nor oversold. The STOCH value of 77.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WPR.
Waypoint REIT Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$2.31B | 6.29 | 11.14% | 7.75% | 3.75% | 44.09% | |
72 Outperform | AU$1.38B | 10.84 | 6.78% | 8.03% | -1.27% | -24.64% | |
68 Neutral | AU$1.07B | 8.83 | 9.31% | 7.20% | 6.55% | 44.74% | |
67 Neutral | AU$1.76B | 10.88 | 6.45% | 6.00% | 6.35% | 22.57% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | AU$728.33M | -9.46 | -4.99% | 10.43% | -5.19% | -377.08% | |
56 Neutral | AU$1.49B | 16.68 | 3.90% | 9.34% | -0.03% | ― |
* Real Estate Sector Average
AU:WPR
Waypoint REIT Ltd.
2.12
-0.42
-16.60%
AU:GOZ
Growthpoint Properties Australia
1.97
-0.49
-19.92%
AU:ARF
Arena REIT
2.63
-1.00
-27.49%
AU:HDN
HomeCo Daily Needs REIT
1.11
-0.19
-14.67%
AU:CIP
Centuria Industrial REIT
2.82
-0.52
-15.49%
AU:ABG
Abacus Property Group
0.82
-0.32
-28.07%
Waypoint REIT Ltd. Corporate Events
Waypoint REIT Declares Quarterly Distribution of 4.32 Cents per Security
Sep 20, 2026
Waypoint REIT has declared a quarterly distribution of AUD 0.0432 per fully paid stapled security for the period ending 30 September 2026, maintaining its pattern of regular income payments to investors. The distribution will trade ex‑divide...
Waypoint REIT director reshapes stapled security holdings
Sep 9, 2026
Waypoint REIT has disclosed a change in the holdings of director Hadyn James Stephens, who conducted on‑market trades in the company’s ordinary stapled securities on 9 September 2026. The transactions involved both disposal and acquisi...
Waypoint REIT Issues 1H26 Results Presentation With Strong Investor Disclaimers
Aug 26, 2026
Waypoint REIT Ltd. has released its 1H26 Results Presentation, framed as a high-level information document for existing and potential investors in its stapled securities. The company emphasizes that the material is general in nature and not a subs...
Waypoint REIT posts steady 1H26 earnings and tight occupancy as it refines debt mix
Aug 26, 2026
Waypoint REIT reported modest growth in distributable earnings for the first half of 2026, with earnings rising 0.9% to $56.1 million and distributable earnings per security increasing 3.4% to 8.59 cents. Statutory net profit fell to $65.8 million...
Waypoint REIT Confirms June Quarter Distribution for Stapled Security Holders
Aug 26, 2026
Waypoint REIT has confirmed the actual distribution amount for investors in its fully paid stapled securities for the quarter ended 30 June 2026, updating a prior notice issued in mid-June. The announcement finalises key dates for the quarterly pa...
Waypoint REIT lifts distributable earnings as property revaluations drag profit
Aug 26, 2026
Waypoint REIT reported a modest rise in first-half 2026 distributable earnings to $56.1 million, up 0.9 per cent, with distributable earnings per security climbing 3.4 per cent to 8.59 cents, aided by higher rental income and fewer securities on i...
Waypoint REIT Sets Date for 1H26 Results and Investor Briefing
Aug 13, 2026
Waypoint REIT will release its financial results for the half year ended 30 June 2026 on 27 August, with Managing Director and CEO Hadyn Stephens and CFO Aditya Asawa set to brief investors via a conference call and webcast. The scheduled update, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.