WAYPOINT REIT LIMITED (WPR)
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WPR

WPR - WAYPOINT REIT LIMITED

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 6.17
Index: ASX200 | ASX300 | ALL-ORDS

Waypoint REIT, formerly Viva Energy REIT, is an Australian real estate investment trust with a portfolio of service stations and convenience properties. It listed on the ASX in 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.46

08 Apr
2025

0.070

OPEN

$2.41

2.93%

HIGH

$2.49

2,473,655

LOW

$2.41

TARGET
$2.60 5.7% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT .
FNARENA'S MARKET CONSENSUS FORECASTS
WPR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 19.6 16.3 xxx
DPS (cps) xxx 16.5 16.5 xxx
EPS Growth xxx N/A - 17.0% xxx
DPS Growth xxx 0.0% 0.1% xxx
PE Ratio xxx N/A 15.2 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 84.2% 101.5% xxx

Dividend yield today if purchased 3 years ago: 6.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.67

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx19.6
DPS All xxxxxxxxxxxxxxx16.5
Sales/Revenue xxxxxxxxxxxxxxx165.0 M
Book Value Per Share xxxxxxxxxxxxxxx276.1
Net Operating Cash Flow xxxxxxxxxxxxxxx110.8 M
Net Profit Margin xxxxxxxxxxxxxxx79.70 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.13 %
Return on Invested Capital xxxxxxxxxxxxxxx4.78 %
Return on Assets xxxxxxxxxxxxxxx4.68 %
Return on Equity xxxxxxxxxxxxxxx7.13 %
Return on Total Capital xxxxxxxxxxxxxxx5.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx917 M
Total Debt xxxxxxxxxxxxxxx917 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx15 M
Price To Book Value xxxxxxxxxxxxxxx0.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,805 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.3

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

28/02/2025

5

Underweight

$2.50

1.63%

Waypoint REIT delivered 2024 EPS that was in line with Morgan Stanley's estimates and has guided to 2025 EPS of 16.48c, which assumes $50m in divestments and no further rate cuts.

The broker was looking for any update on the conversion program from major tenant Viva Energy ((VEA)) to the OTR brand offering and is disappointed the going is slow, with town planning processes appearing lengthy.

Underweight. Target is $2.50. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 16.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 16.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Moelis

05/03/2025

1

Buy

$2.84

15.45%

Waypoint REIT's FY24 distributable EPS and DPS were in line with guidance but FY25 guidance was ahead of Moelis' estimates. The difference was a function of additional hedging.

The broker made small changes to estimates after factoring in the guidance. Buy rating and $2.84 target price are unchanged.

The broker expects the REIT to be a disproportionate beneficiary of interest rate cuts over the medium term, given most of the income statement is fixed in nature.

FORECAST
Moelis forecasts a full year FY25 dividend of 16.50 cents and EPS of 16.50 cents.
Moelis forecasts a full year FY26 dividend of 16.80 cents and EPS of 16.80 cents.
Access Extra Coverage Research History >

WPR STOCK CHART

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FNArena Corporate Results Monitor – 28-02-2025

Feb 28 2025 - Australia

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