Full Year 2022 Waypoint REIT Ltd Earnings Call Transcript

Mar 01, 2024

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Feb 26, 2023 / 11:00PM GMT
Operator

Thank you for standing by and welcome to the Waypoint REIT FY '22 Results Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Hadyn Stephens. Please go ahead.

Hadyn James Stephens - Waypoint REIT - CEO, MD and Director

Thanks, Darcy, and thank you to everyone for joining us on Waypoint's 2022 results call this morning.

Starting on Page 6 of the presentation, I'll just quickly call out some of the highlights for the year. 2022 was very much focused on portfolio and capital management for Waypoint, with 31 assets sold for $146.8 million in line with book value and approximately 50 million securities with 7% of Waypoint's equity base bought back at an average price of $2.60 for a total outlay of $129.4 million. Since the commencement of our non-core asset sales program in December 2020, we've now sold 71 assets or about 15% of the portfolio for a combined sale price of $283.9 million, representing an average premium of 5% to book value, and we have returned $302.7 million to securityholders via a combination of

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