Waypoint REIT
Waypoint REIT is Australia's largest listed REIT owning solely fuel and convenience retail properties; it has a high-quality network across all Australian States and mainland Territories. Waypoint REIT's objective is to maximise the long-term returns from the portfolio for the benefit of all securityholders. Waypoint REIT is a stapled entity in which one share in Waypoint REIT Limited (ABN 35 612… Read more
Waypoint REIT (WPR) - Net Assets
Latest net assets as of December 2025: AU$1.89 Billion AUD
Based on the latest financial reports, Waypoint REIT (WPR) has net assets worth AU$1.89 Billion AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.88 Billion) and total liabilities (AU$986.40 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.89 Billion |
| % of Total Assets | 65.76% |
| Annual Growth Rate | -1.08% |
| 5-Year Change | -11.0% |
| 10-Year Change | 32.48% |
| Growth Volatility | 12.65 |
Waypoint REIT - Net Assets Trend (2015–2025)
This chart illustrates how Waypoint REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Waypoint REIT (2015–2025)
The table below shows the annual net assets of Waypoint REIT from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$1.89 Billion | +2.12% |
| 2024-12-31 | AU$1.85 Billion | +1.21% |
| 2023-12-31 | AU$1.83 Billion | -9.65% |
| 2022-12-31 | AU$2.03 Billion | -4.69% |
| 2021-12-31 | AU$2.13 Billion | +8.96% |
| 2020-12-31 | AU$1.95 Billion | +9.55% |
| 2019-12-31 | AU$1.78 Billion | +11.81% |
| 2018-12-31 | AU$1.59 Billion | +0.33% |
| 2017-12-31 | AU$1.59 Billion | +11.17% |
| 2016-12-31 | AU$1.43 Billion | -32.31% |
| 2015-12-31 | AU$2.11 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Waypoint REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 61190000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$611.90 Million | 32.31% |
| Common Stock | AU$1.28 Billion | 67.65% |
| Other Comprehensive Income | AU$800.00K | 0.04% |
| Total Equity | AU$1.89 Billion | 100.00% |
Waypoint REIT Competitors by Market Cap
The table below lists competitors of Waypoint REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AIXTRON SE
PINK:AIXXF
|
$996.24 Million |
|
Housing & Urban Development Corporation Limited
NSE:HUDCO
|
$997.22 Million |
|
DPCDF
PINK:DPCDF
|
$997.28 Million |
|
China Marine Information Electronics Co Ltd
SHG:600764
|
$997.32 Million |
|
Hello Group Inc
NASDAQ:MOMO
|
$996.15 Million |
|
Brilliance China Automotive Holdings Ltd
PINK:BCAUF
|
$995.45 Million |
|
Haima Automobile Group Co Ltd
SHE:000572
|
$994.86 Million |
|
Cimpress NV
NASDAQ:CMPR
|
$994.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Waypoint REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,854,800,000 to 1,894,100,000, a change of 39,300,000 (2.1%).
- Net income of 200,100,000 contributed positively to equity growth.
- Dividend payments of 110,300,000 reduced retained earnings.
- Share repurchases of 50,100,000 reduced equity.
- Other comprehensive income decreased equity by 1,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$200.10 Million | +10.56% |
| Dividends Paid | AU$110.30 Million | -5.82% |
| Share Repurchases | AU$50.10 Million | -2.65% |
| Other Comprehensive Income | AU$-1.10 Million | -0.06% |
| Other Changes | AU$700.00K | +0.04% |
| Total Change | AU$- | 2.12% |
Book Value vs Market Value Analysis
This analysis compares Waypoint REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | AU$2.96 | AU$2.47 | x |
| 2016-12-31 | AU$2.21 | AU$2.47 | x |
| 2017-12-31 | AU$2.23 | AU$2.47 | x |
| 2018-12-31 | AU$2.23 | AU$2.47 | x |
| 2019-12-31 | AU$2.47 | AU$2.47 | x |
| 2020-12-31 | AU$2.66 | AU$2.47 | x |
| 2021-12-31 | AU$2.74 | AU$2.47 | x |
| 2022-12-31 | AU$2.88 | AU$2.47 | x |
| 2023-12-31 | AU$2.73 | AU$2.47 | x |
| 2024-12-31 | AU$2.76 | AU$2.47 | x |
| 2025-12-31 | AU$2.85 | AU$2.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Waypoint REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 122.24%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.52x
- Recent ROE (10.56%) is above the historical average (5.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.07% | 1.58% | 0.03x | 1.52x | AU$-141.99 Million |
| 2017 | 10.73% | 108.68% | 0.07x | 1.47x | AU$11.55 Million |
| 2018 | 10.48% | 102.69% | 0.06x | 1.57x | AU$7.61 Million |
| 2019 | 4.75% | 49.29% | 0.06x | 1.52x | AU$-93.55 Million |
| 2020 | 5.04% | 54.19% | 0.06x | 1.50x | AU$-96.92 Million |
| 2021 | 4.84% | 57.82% | 0.06x | 1.47x | AU$-109.73 Million |
| 2022 | 6.60% | 79.36% | 0.06x | 1.47x | AU$-69.04 Million |
| 2023 | -4.32% | -48.14% | 0.06x | 1.53x | AU$-262.36 Million |
| 2024 | 7.09% | 79.70% | 0.06x | 1.52x | AU$-53.98 Million |
| 2025 | 10.56% | 122.24% | 0.06x | 1.52x | AU$10.69 Million |
Industry Comparison
This section compares Waypoint REIT's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $432,476,000
- Average return on equity (ROE) among peers: 22.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Waypoint REIT (WPR) | AU$1.89 Billion | 0.07% | 0.52x | $996.18 Million |
| Arena REIT (ARF) | $432.48 Million | 22.38% | 0.44x | $765.51 Million |