Waypoint REITASX:WPR -1.22%74 Return-on-Tangible-Equity is 6.64% as of Dec. 2025, which is 38% below its 10-year median of 10.68. GuruFocus rates ASX:WPR with a GF Score™ of 74/100 and a GF Value™ of A$2.59 (Fairly Valued). The stock has 6 warning signs investors should review. Among 937 REITs companies, Waypoint REIT ranks better than 74.39% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Waypoint REIT's annualized net income for the quarter that ended in Dec. 2025 was A$126.0 Mil. Waypoint REIT's average shareholder tangible equity for the quarter that ended in Dec. 2025 was A$1,898.6 Mil. Therefore, Waypoint REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 6.64%.
The historical rank and industry rank for Waypoint REIT's Return-on-Tangible-Equity or its related term are showing as below:
ASX:WPR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.1 Med: 10.68 Max: 21.74
Current: 10.62
During the past 9 years, Waypoint REIT's highest Return-on-Tangible-Equity was 21.74%. The lowest was -4.10%. And the median was 10.68%.
ASX:WPR's Return-on-Tangible-Equity is ranked better than 74.39% of 937
companies
in the REITs industry
Industry Median: 6.27
vs ASX:WPR: 10.62
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Waypoint REIT Return-on-Tangible-Equity Related Terms
Waypoint REIT Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Waypoint REIT's Return-on-Tangible-Equity 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: Return-on-Tangible-Equity Comparison
For the REIT - Specialty subindustry, Waypoint REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Waypoint REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Waypoint REIT's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 6.64% mean?
Waypoint REIT (ASX:WPR) has a Return-on-Tangible-Equity of 6.64% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Waypoint REIT and its competitors. This is 38% below median its historical median of 10.68. According to the industry distribution chart, Waypoint REIT ranks #240 out of 937 companies in the REITs industry, placing it in the top 25.6%.
Is Waypoint REIT's Return-on-Tangible-Equity too high?
Waypoint REIT's current Return-on-Tangible-Equity of 6.64% is 38% below median its 10-year median of 10.68. The REITs industry median Return-on-Tangible-Equity is 6.27. Waypoint REIT's value of 6.64% is 5.9% above this industry median. Based on the distribution chart, Waypoint REIT ranks #240 out of 937 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 Return-on-Tangible-Equity compare to EQIX and AMT?
According to the REITs industry distribution chart, Waypoint REIT ranks #240 out of 937 companies for Return-on-Tangible-Equity. This puts Waypoint REIT in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.27. Waypoint REIT's value of 6.64% is 5.9% above this benchmark. While the company's 10-year median is 10.68 vs. the industry median of 6.27, 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.27, based on 937 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Waypoint REIT's current Return-on-Tangible-Equity of 6.64% is 5.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Waypoint REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waypoint REIT's current Return-on-Tangible-Equity is 6.64%, which is 38% below median its own 10-year median of 10.68. 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$2.43 — trading 6.2% below its estimated fair value. The current Return-on-Tangible-Equity is 6.64%, which is 38% below median its 10-year median of 10.68 and 5.9% above the REITs industry median of 6.27. Waypoint REIT's overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Waypoint REIT (ASX:WPR), the current Return-on-Tangible-Equity is 6.64% 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$2.43 is trading 6.2% below its estimated GF Value™ of A$2.59.
GuruFocus considers Waypoint REIT to be Fairly Valued.
Key valuation signals for ASX:WPR:
Return-on-Tangible-Equity: 6.64% (38% below median its 10-year median of 10.68)
GF Value™: A$2.59 vs. price of A$2.43 (6.2% below fair value)
Industry Position: 5.9% above the REITs median (#240 of 937)
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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