Full Year 2021 Waypoint REIT Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Waypoint REIT Full Year 1 (sic) [2021] Conference Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Hadyn Stephens, CEO and Managing Director. Please go ahead, sir.
Hopefully, you've got in front of you. I'd just like to quickly call out some of the key highlights for the year. It was another very good year for Waypoint REIT, with distributable EPS of $0.158 at the upper end of our guidance range, driven primarily by organic rental growth, lower interest expense and capital management initiatives. The result represents 4.25% growth on the prior year, and Waypoint has now delivered compound annual growth and distributable EPS of 4.5% over the last 5 years.
Waypoint enjoyed strong valuation gains over the year with 40 basis points of cap rate compression and fixed retail reviews resulting in a gross valuation uplift of $320.1 million or 11.6% across the portfolio. Cap rate
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
