Half Year 2022 Waypoint REIT Ltd Earnings Call Transcript
Thank you for standing by, and welcome to Waypoint REIT's 2022 Half Year Results Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Hadyn Stephens, CEO and Managing Director. Please go ahead.
Thanks, Rachel, and thank you to everyone for joining us on our half year results call this morning. Starting on Page 6 of the presentation that hopefully you have in front of you, I'd just like to quickly call out some of the highlights for the 6 months to June 30.
Distributable EPS of $0.0859 was up 10% on the first half of last year, with regional growth, lower interest expense and a reduced number of securities on issue offsetting the loss of income from noncore asset sales. As previously announced, Waypoint REIT agreed to sell 29 assets to Fawkner Property Group during the period for $141.8 million and we've now sold 69 assets or about 15% of the portfolio over the last 18 months for total proceeds of just under $280 million.
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