Company News Summary | 28 Feb 2022
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Waypoint REIT Announces FY 2021 Results
09:10:00 | Associate analysts
Original annuncemenet:Waypoint REIT FY2021 Results
Waypoint REIT announced FY 2021 results. Statutory net profit of $443.6m compared with $279.9m in FY 2020 (+58.5%), largely driven by 40bp of capitalisation rate compression recorded across the portfolio. Net tangible assets per security at 31 December 2021 was $2.95, an 18.5% increase since 31 December 2020 ($2.49). 40 non-core assets settled or exchanged for $137.1m, representing a 10.5% premium to prevailing book value.
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