Waypoint REIT Ltd. (AU:WPR) has released an update.
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Waypoint REIT Ltd. has reported a solid first half of 2024, with distributable earnings reaching $55.6 million and a striking statutory net profit of $93.3 million, a substantial increase from the previous year. The company’s investment property portfolio is valued at $2.8 billion, showcasing robust growth and a near-perfect occupancy rate of 99.9%. Looking ahead, Waypoint REIT anticipates delivering a distributable earnings per security of 16.48 cents for the full year 2024, aligning with the upper end of their previous earnings guidance.
For further insights into AU:WPR stock, check out TipRanks’ Stock Analysis page.