Australia's Waypoint REIT jumps on share buy-back plan

Waypoint REIT

08/04/2025 01:58

** Shares of Waypoint REIT WPR.AX rise as much as 2.9% to A$2.460, their highest level since March 4

** Stock posts its biggest intraday percentage gain since March 21

** Retail real estate investment trust announces plans to buy back up to A$50 million ($30.06 million) worth of shares

** Stock last up 2.1%, bringing YTD gains to 4.3%

($1 = 1.6633 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)

 ((Aaditya.govindrao@thomsonreuters.com;))