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Waypoint REIT (ASX:WPR) Other Assets for Insurance Companies


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What is Waypoint REIT Other Assets for Insurance Companies?

Other Assets for Insurance Companies only applies to insurance companies.


Waypoint REIT (ASX:WPR) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Waypoint REIT Ltd (ASX:WPR) » Definitions » Other Assets for Insurance Companies
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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.