Waypoint REIT (ASX:WPR) Interest Coverage: 2.99 (As of Dec. 2025) — 34% Below Median


ASX:WPR Waypoint REIT Ltd ASX:WPR
74 GF Score
Price A$2.48
GF Value A$2.59
Valuation Fairly Valued
! 4 Warning Signs
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What is Waypoint REIT Interest Coverage?

Waypoint REIT ASX:WPR +0.81% 74 Interest Coverage is 2.99 as of Dec. 2025, which is 34% below its 10-year median of 4.56. GuruFocus rates ASX:WPR with a GF Score™ of 74/100 and a GF Value™ of A$2.59 (Fairly Valued). The stock has 4 warning signs investors should review. Among 701 REITs companies, Waypoint REIT ranks better than 50.36% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Waypoint REIT's Operating Income for the six months ended in Dec. 2025 was A$75.1 Mil. Waypoint REIT's Interest Expense for the six months ended in Dec. 2025 was A$-25.1 Mil. Waypoint REIT's interest coverage for the quarter that ended in Dec. 2025 was 2.99. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Waypoint REIT's Interest Coverage or its related term are showing as below:

ASX:WPR' s Interest Coverage Range Over the Past 10 Years
Min: 3.14   Med: 4.56   Max: 5.15
Current: 3.14


ASX:WPR's Interest Coverage is ranked better than
50.36% of 701 companies
in the REITs industry
Industry Median: 3.12 vs ASX:WPR: 3.14

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Waypoint REIT  (ASX:WPR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Waypoint REIT Interest Coverage Related Terms


Waypoint REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Waypoint REIT's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Waypoint REIT Interest Coverage Chart

Waypoint REIT Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only 5.15 4.73 3.88 3.38 3.14

Waypoint REIT Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.67 3.48 3.28 3.31 2.99

ASX:WPR vs EQIX, AMT, DLR: Interest Coverage Comparison

For the REIT - Specialty subindustry, Waypoint REIT's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Waypoint REIT Interest Coverage vs REITs Industry

For the REITs industry and Real Estate sector, Waypoint REIT's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Waypoint REIT's Interest Coverage falls into.


ASX:WPR
74GF Score
Waypoint REIT Ltd ASX:WPR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waypoint REIT Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Waypoint REIT's Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, Waypoint REIT's Interest Expense was A$-48.3 Mil. Its Operating Income was A$151.9 Mil. And its Long-Term Debt & Capital Lease Obligation was A$932.8 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*151.9/-48.3
=3.14

Waypoint REIT's Interest Coverage for the quarter that ended in Dec. 2025 is calculated as

Here, for the six months ended in Dec. 2025, Waypoint REIT's Interest Expense was A$-25.1 Mil. Its Operating Income was A$75.1 Mil. And its Long-Term Debt & Capital Lease Obligation was A$932.8 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2025 )/Interest Expense (Q: Dec. 2025 )
=-1*75.1/-25.1
=2.99

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 2.99 mean?
Waypoint REIT (ASX:WPR) has a Interest Coverage of 2.99 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Waypoint REIT and its competitors. This is 34% below median its historical median of 4.56. Over the past decade, Waypoint REIT's Interest Coverage has ranged from 3.14 to 5.15. According to the industry distribution chart, Waypoint REIT ranks #348 out of 701 companies in the REITs industry, placing it in the top 49.6%.
Is Waypoint REIT's Interest Coverage too high?
Waypoint REIT's current Interest Coverage of 2.99 is 34% below median its 10-year median of 4.56. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 5.15. The REITs industry median Interest Coverage is 3.12. Waypoint REIT's value of 2.99 is 4.2% below this industry median. Based on the distribution chart, Waypoint REIT ranks #348 out of 701 companies in the REITs industry, which is above the industry midpoint. Overall, Waypoint REIT has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Waypoint REIT's Interest Coverage compare to EQIX and AMT?
According to the REITs industry distribution chart, Waypoint REIT ranks #348 out of 701 companies for Interest Coverage. This puts Waypoint REIT in the upper half of its industry. The industry median Interest Coverage is 3.12. Waypoint REIT's value of 2.99 is 4.2% below this benchmark. Historically, Waypoint REIT's own Interest Coverage has ranged from 3.14 to 5.15 over the past decade. While the company's 10-year median is 4.56 vs. the industry median of 3.12, Waypoint REIT has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.12, based on 701 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waypoint REIT's current Interest Coverage of 2.99 is 4.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Waypoint REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waypoint REIT's current Interest Coverage is 2.99, which is 34% below median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waypoint REIT stock overvalued right now?
Based on GuruFocus' analysis, Waypoint REIT (ASX:WPR) is currently considered Fairly Valued. The stock's GF Value™ is A$2.59, compared to a current price of A$2.48 — trading 4.2% below its estimated fair value. The current Interest Coverage is 2.99, which is 34% below median its 10-year median of 4.56 and 4.2% below the REITs industry median of 3.12. Waypoint REIT's overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Waypoint REIT (ASX:WPR), the current Interest Coverage is 2.99 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Waypoint REIT (ASX:WPR) Overvalued in 2026?

Based on GuruFocus' analysis, Waypoint REIT stock appears to be undervalued. The current stock price of A$2.48 is trading 4.2% below its estimated GF Value™ of A$2.59. GuruFocus considers Waypoint REIT to be Fairly Valued.

Key valuation signals for ASX:WPR:

  • Interest Coverage: 2.99 (34% below median its 10-year median of 4.56)
  • GF Value™: A$2.59 vs. price of A$2.48 (4.2% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 4.2% below the REITs median (#348 of 701)

No single metric tells the full story. See the ASX:WPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waypoint REIT Business Description

Industry Real EstateREITs
Other Exchanges 1V2:Germany
Address 720 Bourke Street, Level 15, Docklands, VIC, AUS, 3008
Waypoint REIT owns a AUD 3 billion portfolio of service station properties across Australia. About 80% of the portfolio by value is in capital cities and other major urban areas, with about 10% on highways and a similar proportion in small towns. About 95% of rental income comes from ASX-listed Viva Energy, and 90% of the leases are triple net, where the tenant pays all property outgoings. Management is internal.
74GF Score

Get the complete analysis for ASX:WPR

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$2.48
Price
A$2.59
GF Value