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Waypoint REIT (ASX:WPR), the owner of service station properties, is valued by fund managers for stable, predictable income. In June 2026, Tamim Funds Management noted Waypoint REIT contributed positively to performance, reflecting the resilience of service station and convenience-based assets, which maintained stable occupancy and predictable rental income despite economic uncertainty. Waypoint REIT operates in the Real Estate sector within the Equity Real Estate Investment Trusts industry, and Thesis Tracker has captured 3 comments from 3 fund managers, including Tamim Funds Management. Established in 2016 and headquartered in Docklands, Melbourne, Waypoint REIT is Australia's largest listed REIT focused exclusively on fuel and convenience properties, owning a national portfolio of service station sites predominantly leased to Viva Energy on long-term triple-net leases with fixed annual rent increases, providing investors with defensive, inflation-linked income and a high level of portfolio occupancy across metropolitan and regional Australia.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Milford Asset Management, Airlie Funds Management and Tamim Funds Management have invested in Waypoint REIT Ltd (ASX:WPR).
Tamim highlights stable occupancy and predictable rental income from service station and convenience assets, making Waypoint a defensive income holding during economic uncertainty.
The available fund manager commentary does not set out specific risks, though Waypoint's income is concentrated with a single major tenant and its valuation is sensitive to interest rates.
Waypoint REIT Ltd. is an Australian real estate investment trust (REIT) focused on the ownership and management of service station properties. Established on June 14, 2016, and headquartered in Docklands, Victoria, the company maintains a portfolio of 425 service stations distributed across all Australian states and territories. Waypoint REIT specializes in property leasing and long-term investment, providing investors with exposure to essential fuel and convenience retail infrastructure throughout Australia.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.