An income investor's dream
Sep 29, 2022
4 minutes
STORY GRAHAM WITCOMB
With pitiful yields to be found elsewhere, infrastructure and property assets have become market darlings over the past five years. We've been searching for stocks that offer a decent yield and acceptable level of risk, but without much luck. Finally, we think we've found one.
Built over 100 years under various corporate forms, Waypoint Real Estate Investment Trust (REIT) owns 427 service stations, mostly the Shell distribution network in NSW, Victoria and Queensland.
The properties are in prime urban locations and are often corner blocks. Rents are fixed and the REIT sports a 99% occupancy rate and
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