| Business Description: |
Waypoint REIT was established in August 2016, under the name Viva Energy REIT, as the owner of an initial portfolio of 425 service station sites located across Australia; since this time the property portfolio has increased to 469 sites via the acquisition of additional properties. In May 2020 following the divestment of Viva Energy Australia Groups 35.5% securityholding in Viva Energy REIT the company changed its name to Waypoint REIT.
Waypoint REIT will provide Securityholders with:
- A real estate portfolio that forms part of a market leading national fuel retailing and convenience store network.
- Security of income through long-term, Triple Net leases to Viva Energy, a high quality tenant.
- An attractive forecast Distribution Yield.
- Contracted revenue growth and further growth potential through acquisitions.
- A strong corporate governance framework with a majority of independent Directors, including the Independent Chair.
Waypoint REIT is Australia’s largest listed REIT owning solely service station and convenience retail properties with a high quality network across all Australian States and Territories.
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