ASX:WPR
Waypoint REIT Ltd
Investment Summary
The fund managers believe that Waypoint REIT Ltd (WPR) represents a sound investment choice, particularly following a recent rally of 16.6%. In their opinion, WPR's profile as a defensive exposure is enhanced by its under-geared balance sheet and an ongoing asset divestment programme. Furthermore, the active share buyback initiative adds to their confidence. While the 6% dividend yield remains attractive, the managers note it is comparatively less appealing after the recent price increase. Overall, the consensus indicates that WPR's fundamentals are solid, making it a preferable option in the current investment landscape.
Commentary From The Managers
Milford Asset Management
31 July 2024
$2.53
- Milford Asset Management continues to hold Waypoint REIT (WPR) as it is one of their preferred defensive exposures.
- WPR has rallied 16.6%.
- The company has an under-geared balance sheet, which enhances its stability.
- An asset divestment programme is currently underway, indicating effective portfolio management.
- WPR is engaging in an active buyback, which supports shareholder value.
- The current 6% dividend yield remains attractive, although it is somewhat diminished following the recent rally.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.