Australia's Waypoint REIT portfolio valuations show about 5% decline

Waypoint REIT

21/12/2023 21:57

Dec 22 (Reuters) - Australia's Waypoint REIT  WPR.AX ,
which owns fuel and convenience retail properties, said on
Friday the book value of its portfolio declined by about 5% for
the six months to Dec. 31 2023 from a year earlier. 
    The company said independent valuations of 85 properties and
directors' valuations on 317 properties resulted in a total
estimated decline of A$151 million ($102.66 million).    


($1 = 1.4708 Australian dollars)

 (Reporting by Neha Soni in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Neha.Soni@thomsonreuters.com;))