• Portfolio value increased by $96.0 million (3.4%) to $2,889.5 million
• Weighted average capitalization rate tightened to 5.66%
• $32.9 million of securities purchased under $50 million buyback program

Waypoint REIT (WPR) has completed the valuation process for its 400-property portfolio as at June 30, 2025, with independent valuations carried out on 83 properties and directors' valuations on 317 properties. The value of the WPR Portfolio increased by $96.0 million (3.4%) to $2,889.5 million, underpinned by contracted rental increases and a six basis point tightening in WPR's weighted average capitalization rate from 5.72% as at December 31, 2024 to 5.66% as at June 30, 2025. Both independent and directors' valuations remain subject to review by WPR's auditors. WPR also announced an on-market buyback of up to $50 million of WPR securities on April 8, 2025, with 12.6 million securities purchased prior to June 30, 2025 for a total consideration of $32.9 million (average price of $2.60 per security). The Buyback is currently paused as WPR undertakes its half-year review process. In addition to the settlement of Reddy Express Toowoomba in February 2025, WPR has sold (or entered into unconditional agreements to sell) a further five non-core assets for a combined consideration of $34.5 million, which is a 1.0% discount to December 2024 book value. WPR's estimated NTA per security as at June 30, 2025 is $2.89, representing an increase of 13 cents (4.7%) since December 31, 2024.