Waypoint REIT Ltd
WPR: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|d? | LOCK|Sf | LOCK|^s$c>> |
Waypoint REIT: Big Yield Attracts
We retain our AUD 2.80 per share fair value estimate for no-moat Waypoint REIT and consider the REIT undervalued after recent security price weakness. Waypoint trades at a 14% discount to fair value and net tangible asset backing. It offers an attractive yield of 6.9%, though we expect limited distribution growth in the medium term.
