Waypoint REITASX:WPR +0.81%74 Net Margin % is 78.07% as of Dec. 2025, which is 28% below its 10-year median of 108.68. 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 928 REITs companies, Waypoint REIT ranks better than 91.49% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Waypoint REIT's Net Income for the
six
months ended in Dec. 2025 was A$63.0 Mil. Waypoint REIT's Revenue for the
six
months ended in Dec. 2025 was A$80.7 Mil. Therefore, Waypoint REIT's net margin for the quarter that ended in Dec. 2025 was 78.07%.
The historical rank and industry rank for Waypoint REIT's Net Margin % or its related term are showing as below:
ASX:WPR'
s Net Margin % Range Over the Past 10 Years
Min: -48.41 Med: 108.68 Max: 248.79
Current: 123.06
ASX:WPR's Net Margin % is ranked better than 91.49% of 928
companies
in the REITs industry
Industry Median: 45.23
vs ASX:WPR: 123.06
Waypoint REIT (ASX:WPR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Waypoint REIT Net Margin % Related Terms
Waypoint REIT Net Margin % Historical Data
* Premium members only.
The historical data trend for Waypoint REIT's Net Margin % 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.
ASX:WPR vs EQIX, AMT, DLR: Net Margin % Comparison
For the REIT - Specialty subindustry, Waypoint REIT's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Waypoint REIT's Net Margin % distribution charts can be found below:
* The bar in red indicates where Waypoint REIT's Net Margin % falls into.
* 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.
Waypoint REIT (ASX:WPR) has a Net Margin % of 78.07% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Waypoint REIT and its competitors. This is 28% below median its historical median of 108.68. According to the industry distribution chart, Waypoint REIT ranks #79 out of 928 companies in the REITs industry, placing it in the top 8.5%.
Is Waypoint REIT's Net Margin % too high?
Waypoint REIT's current Net Margin % of 78.07% is 28% below median its 10-year median of 108.68. The REITs industry median Net Margin % is 45.23. Waypoint REIT's value of 78.07% is 72.6% above this industry median. Based on the distribution chart, Waypoint REIT ranks #79 out of 928 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. 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 Net Margin % compare to EQIX and AMT?
According to the REITs industry distribution chart, Waypoint REIT ranks #79 out of 928 companies for Net Margin %. This places Waypoint REIT in the top 9% of its industry — outperforming the majority of peers. The industry median Net Margin % is 45.23. Waypoint REIT's value of 78.07% is 72.6% above this benchmark. While the company's 10-year median is 108.68 vs. the industry median of 45.23, Waypoint REIT has consistently been above 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waypoint REIT's current Net Margin % of 78.07% is 72.6% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Waypoint REIT and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waypoint REIT's current Net Margin % is 78.07%, which is 28% below median its own 10-year median of 108.68. 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 Net Margin % is 78.07%, which is 28% below median its 10-year median of 108.68 and 72.6% above the REITs industry median of 45.23. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Waypoint REIT (ASX:WPR), the current Net Margin % is 78.07% 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:
Net Margin %: 78.07% (28% below median its 10-year median of 108.68)
GF Value™: A$2.59 vs. price of A$2.48 (4.2% below fair value)
Industry Position: 72.6% above the REITs median (#79 of 928)
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 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
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