This article is from the Australian Property Journal archive
ASX listed Waypoint REIT (WPR) has seen a slight increase in the worth of its portfolio value after the fall in petrol station values halted in the June half.
Independent valuations carried out on 77 properties and directors’ valuations on 325 of WPR’s properties resulted in a net increase in portfolio value of $37.5 million, or around 1.4%, driven predominantly by contracted rental increases.
Following the latest round of valuations, the weighted average capitalisation rate (WACR) on WPR’s portfolio increased by six basis points, from 5.68% to 5.74%.
WPR’s portfolio as at the end of June comprises 402 properties with a combined valuation of more than $2.806 billion.
The pro forma impact of the valuations on 31st December 2023 net tangible assets per security is a net increase of approximately five cents, or 1.8%.
WPR will announce its half year results to the market on 29th August.
