Waypoint REIT (WPR) - Net Assets
Based on the latest financial reports, Waypoint REIT (WPR) has net assets worth AU$1.89 Billion AUD (≈ $1.34 Billion USD) 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 ≈ $2.04 Billion USD) and total liabilities (AU$986.40 Million ≈ $697.94 Million USD). 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. Check tangible net worth ratio of Waypoint REIT to evaluate the tangible quality of the company's equity base.
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. See Waypoint REIT defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Waypoint REIT (2015–2025)
The table below shows the annual net assets of Waypoint REIT from 2015 to 2025. For live valuation and market cap data, see WPR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$1.89 Billion ≈ $1.34 Billion |
+2.12% |
| 2024-12-31 | AU$1.85 Billion ≈ $1.31 Billion |
+1.21% |
| 2023-12-31 | AU$1.83 Billion ≈ $1.30 Billion |
-9.65% |
| 2022-12-31 | AU$2.03 Billion ≈ $1.44 Billion |
-4.69% |
| 2021-12-31 | AU$2.13 Billion ≈ $1.51 Billion |
+8.96% |
| 2020-12-31 | AU$1.95 Billion ≈ $1.38 Billion |
+9.55% |
| 2019-12-31 | AU$1.78 Billion ≈ $1.26 Billion |
+11.81% |
| 2018-12-31 | AU$1.59 Billion ≈ $1.13 Billion |
+0.33% |
| 2017-12-31 | AU$1.59 Billion ≈ $1.12 Billion |
+11.17% |
| 2016-12-31 | AU$1.43 Billion ≈ $1.01 Billion |
-32.31% |
| 2015-12-31 | AU$2.11 Billion ≈ $1.49 Billion |
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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 |
|---|---|
|
Shijiazhuang Kelin Elec Co
SHG:603050
|
$1.14 Billion |
|
thyssenkrupp nucera AG & Co. KGaA
XETRA:NCH2
|
$1.14 Billion |
|
Neuren Pharmaceuticals Ltd
AU:NEU
|
$1.14 Billion |
|
Petkim Petrokimya Holding AS
IS:PETKM
|
$1.14 Billion |
|
PLAYTIKA HOLDING DL-01
F:8II
|
$1.14 Billion |
|
Fujian Qingshan Paper Industry Co Ltd
SHG:600103
|
$1.14 Billion |
|
Datatec
JSE:DTC
|
$1.14 Billion |
|
Zhejiang Chenfeng Science and Technology Co Ltd Class A
SHG:603685
|
$1.14 Billion |
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: $564,637,667
- Average return on equity (ROE) among peers: 12.10%
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 | $1.14 Billion |
| Arena REIT (ARF) | $432.48 Million | 22.38% | 0.44x | $935.09 Million |
| Charter Hall Social Infrastructure REIT (CQE) | $212.55 Million | 10.92% | 0.68x | $695.85 Million |
| Rural Funds Group (RFF) | $1.05 Billion | 3.00% | 0.82x | $570.81 Million |
About Waypoint REIT
Waypoint REIT is Australia's largest listed REIT owning solely fuel and convenience (F&C) retail properties. It has a high-quality portfolio of 395 assets across Australia as at 31 December 2025. Waypoint REIT's objective is to maximize the long-term returns from the portfolio for the benefit of all securityholders. Waypoint REIT was incorporated in June 14th 2016 in Australia.