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 Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.77|
|52 Week High||AU$2.32|
|52 Week Low||AU$2.87|
|1 Month Change||1.84%|
|3 Month Change||8.20%|
|1 Year Change||2.21%|
|3 Year Change||28.84%|
|5 Year Change||21.49%|
|Change since IPO||8.20%|
Recent News & Updates
|WPR||AU REITs||AU Market|
Return vs Industry: WPR underperformed the Australian REITs industry which returned 21.5% over the past year.
Return vs Market: WPR underperformed the Australian Market which returned 20.2% over the past year.
Stable Share Price: WPR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: WPR's weekly volatility (2%) has been stable over the past year.
About the Company
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 maximize 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).
Waypoint REIT Fundamentals Summary
|WPR fundamental statistics|
Is WPR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WPR income statement (TTM)|
|Cost of Revenue||AU$9.10m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.51|
|Net Profit Margin||216.21%|
How did WPR perform over the long term?See historical performance and comparison
5.7%Current Dividend Yield
Does WPR pay a reliable dividends?See WPR dividend history and benchmarks
|Waypoint REIT dividend dates|
|Ex Dividend Date||Nov 04 2021|
|Dividend Pay Date||Nov 12 2021|
|Days until Ex dividend||14 days|
|Days until Dividend pay date||22 days|
Does WPR pay a reliable dividends?See WPR dividend history and benchmarks
Is Waypoint REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: WPR (A$2.77) is trading below our estimate of fair value (A$3.51)
Significantly Below Fair Value: WPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: WPR is good value based on its PE Ratio (5.5x) compared to the Australian REITs industry average (9.6x).
PE vs Market: WPR is good value based on its PE Ratio (5.5x) compared to the Australian market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: WPR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WPR is overvalued based on its PB Ratio (321.7x) compared to the AU REITs industry average (1.2x).
How is Waypoint REIT forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WPR's earnings are forecast to decline over the next 3 years (-34.7% per year).
Earnings vs Market: WPR's earnings are forecast to decline over the next 3 years (-34.7% per year).
High Growth Earnings: WPR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WPR's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: WPR's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WPR's Return on Equity is forecast to be low in 3 years time (5.7%).
How has Waypoint REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WPR has a large one-off gain of A$253.7M impacting its June 30 2021 financial results.
Growing Profit Margin: WPR's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: WPR's earnings have grown significantly by 29.8% per year over the past 5 years.
Accelerating Growth: WPR's earnings growth over the past year (42.2%) exceeds its 5-year average (29.8% per year).
Earnings vs Industry: WPR earnings growth over the past year (42.2%) underperformed the REITs industry 106.4%.
Return on Equity
High ROE: WPR's Return on Equity (18.3%) is considered low.
How is Waypoint REIT's financial position?
Financial Position Analysis
Short Term Liabilities: WPR's short term assets (A$166.4M) exceed its short term liabilities (A$76.9M).
Long Term Liabilities: WPR's short term assets (A$166.4M) do not cover its long term liabilities (A$873.0M).
Debt to Equity History and Analysis
Debt Level: WPR's debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if WPR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: WPR's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: WPR's interest payments on its debt are well covered by EBIT (5.2x coverage).
What is Waypoint REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: WPR's dividend (5.7%) is higher than the bottom 25% of dividend payers in the Australian market (2.27%).
High Dividend: WPR's dividend (5.7%) is in the top 25% of dividend payers in the Australian market (5.33%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, WPR has been paying a dividend for less than 10 years.
Growing Dividend: WPR's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (88.4%), WPR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WPR's dividends in 3 years are forecast to be covered by earnings (99.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Hadyn Stephens serves as Chief Executive Officer of Waypoint REIT (formerly known as Viva Energy REIT). He has experience in finance and commercial real estate, strategy and transaction related roles i...
CEO Compensation Analysis
Compensation vs Market: Hadyn's total compensation ($USD471.55K) is below average for companies of similar size in the Australian market ($USD1.40M).
Compensation vs Earnings: Insufficient data to compare Hadyn's compensation with company performance.
Experienced Board: WPR's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Waypoint REIT Limited's employee growth, exchange listings and data sources
- Name: Waypoint REIT Limited
- Ticker: WPR
- Exchange: ASX
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: AU$2.155b
- Shares outstanding: 777.88m
- Website: https://www.waypointreit.com.au
- Waypoint REIT Limited
- 720 Bourke Street
- Level 16
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:34|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.