1H2025 Results

• Distributable Earnings of $55.6 million, in line with prior period
• Distributable Earnings per security up 0.4% to 8.31 cents
• Statutory net profit of $137.1 million, up from $93.3 million in 1H24

Waypoint REIT has reported its 1H2025 results, with Distributable Earnings of $55.6 million, in line with the prior corresponding period. Distributable Earnings per security was 8.31 cents, up 0.4% on 1H24. The company's statutory net profit increased to $137.1 million, compared with $93.3 million in 1H24. The investment property portfolio comprised 400 properties valued at $2,889.5 million at 30 June 2025, with 83 properties independently valued during the period. Five non-core assets have been unconditionally exchanged for sale for a combined consideration of $34.5 million. Gearing was at the lower end of the target range at 32.7%, and the company announced an on-market buyback of up to $50.0 million of securities. The management expense ratio remained one of the lowest in the S&P/ASX 200 REIT Index at 30 basis points.

Waypoint REIT expects to deliver Distributable Earnings per security of 16.643 cents in 2025, representing 1% growth on 2024 Distributable Earnings per security and is 1% higher than earnings guidance provided at the full year results in February 2025.

Barring unforeseen circumstances, Waypoint REIT expects to deliver Distributable Earnings per security of 16.643 cents in 2025, representing 1% growth on 2024 Distributable Earnings per security.