Brief: Waypoint REIT Undertakes Year-End Investment Portfolio Valuation Process

Waypoint REIT

22/12/2023 24:19

Dec 22 (Reuters) - Waypoint REIT Ltd  WPR.AX :
    * HAS UNDERTAKEN ITS YEAR-END INVESTMENT PORTFOLIO VALUATION
PROCESS
    * YEAR-END INVESTMENT PORTFOLIO VALUATION PROCESS, WITH
INDEPENDENT VALUATIONS CARRIED OUT ON 85 PROPERTIES
    * VALUATION PROCESS RESULTED IN EXPANSION IN WEIGHTED
AVERAGE
CAPITALISATION RATE ON PORTFOLIO OF 28 BPS FROM 5.40% TO 5.68%
    * PRO FORMA IMPACT OF VALUATIONS ON WPR'S 30 JUNE 2023 NTA
PER
SECURITY IS A NET REDUCTION OF 22 AU CENTS
    * VALUATION PROCESS RESULTED IN NET REDUCTION IN PORTFOLIO
VALUE
OF A$151 MILLION  FOR 6 MONTHS TO 31 DEC 2023

Source text for Eikon:  ID:nASX8DCMFb 
Further company coverage:  WPR.AX