WAYPOINT REIT LIMITED (WPR)
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WPR - WAYPOINT REIT LIMITED

FNArena Sector : REITs
Year End: December
GICS Industry Group : Real Estate
Debt/EBITDA: 6.16
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

$2.52

02 Dec
2024

0.010

OPEN

$2.51

0.40%

HIGH

$2.54

874,543

LOW

$2.51

TARGET
$2.71 7.5% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . 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 FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 11.8 16.3 xxx
DPS (cps) xxx 16.5 16.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 0.7% - 0.9% xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx N/A 100.0% xxx

Dividend yield today if purchased 3 years ago: 6.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.57

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: 27/03 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-11.8
DPS All xxxxxxxxxxxxxxx16.5
Sales/Revenue xxxxxxxxxxxxxxx164.3 M
Book Value Per Share xxxxxxxxxxxxxxx272.8
Net Operating Cash Flow xxxxxxxxxxxxxxx109.2 M
Net Profit Margin xxxxxxxxxxxxxxx-48.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-4.10 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.81 %
Return on Assets xxxxxxxxxxxxxxx-2.73 %
Return on Equity xxxxxxxxxxxxxxx-4.10 %
Return on Total Capital xxxxxxxxxxxxxxx5.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx893 M
Total Debt xxxxxxxxxxxxxxx893 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx13 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx10 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,782 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

-0.2

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

04/09/2024

3

Hold

$2.66

5.56%

Reviewing Waypoint REIT's 1H results from August 29, Morgans notes portfolio metrics remain "solid". Management also noted the market is showing signs of increased momentum with cap rates starting to stabilise.

EPS guidance for 2024 was tightened to the top end of the previous range at 16.48cpu even though 2H24 EPS will be lower versus H1 due to the impact of higher interest costs, explains the broker.

The analysts expects further asset sales (around $85m) with proceeds applied to debt reduction over the 2H and during 2025.

Hold maintained. Target rises to $2.66 from $2.49.

FORECAST
Morgans forecasts a full year FY24 dividend of 16.00 cents and EPS of 16.00 cents.
Morgans forecasts a full year FY25 dividend of 16.00 cents and EPS of 16.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Moelis

05/09/2024

1

Buy

$2.84

12.70%

Moelis believes the -7% net tangible assets (NTA) discount Waypoint REIT is currently trading at is relatively attractive when considering the REIT's internalised structure and defensive nature.

First half results revealed a distributable EPS and dividend of 8.28cpu and 8.24cpu, respectively, while FY24 guidance was upgraded to EPS of 16.48cpu (prior range: 16.32-16.48cpu) due to slower-than-expected asset sales, explains the analyst.

The Buy rating is retained, and the target price increases to $2.84 from $2.79.

FORECAST
Moelis forecasts a full year FY24 dividend of 16.50 cents and EPS of 16.50 cents.
Moelis forecasts a full year FY25 dividend of 16.20 cents and EPS of 16.20 cents.
Access Extra Coverage Research History >

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