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  3. •

    Real estate development
Wharf Real Estate Investment Company Limited

Wharf Real Estate Investment Company Limited

3.52
EUR
-0.04
(-1.12%)
8.14BMarket Cap
Mar 10Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.74
5.79
5.55
6.89
5.43
5.28
5.11
5.28
4.1
4.38
4.25
4.22
- -
Basic EPS, GAAP
11.57
4.54
3.27
5.67
5.94
1.29
-2.59
1.45
-2.92
1.57
0.29
-1.4
- -
Free Cash Flow per Basic Share
3.16
3.62
3.41
2.64
3.11
3.94
1.53
2.56
2.19
1.92
2.07
2.22
- -
Dividend per Share
1.58
2.73
5.19
3.36
2
2.15
1.71
1.36
1.34
1.28
1.25
1.26
- -
Book Value per Share
65.94
67.56
65.51
68.29
72.07
71.19
67.38
67.89
62.7
63.04
61.86
59.85
59.85
Tangible Book Value per Share
65.94
67.56
65.51
68.29
72.07
71.19
67.38
67.89
62.7
63.04
61.86
59.85
59.85
Basic Weighted Avg Shares
3,036
3,036
3,036
3,036
3,036
3,036
3,036
3,036
3,036
3,036
3,036
3,036
330
Sales/Revenue/Turnover
17,437
17,576
16,851
20,904
16,481
16,043
15,515
16,043
12,459
13,306
12,912
12,815
- -
Operating Margin (%)
59.74
66.9
70.17
73.87
77.2
79.23
64.28
56.5
70.96
75.1
75.05
72.95
- -
Depreciation Expense
182
189
176
144
292
290
294
330
280
246
237
235
- -
Net Income, GAAP
35,127
13,787
9,917
17,218
18,027
3,928
-7,854
4,391
-8,856
4,766
891
-4,257
- -
Effective Tax Rate (%)
4.53
12.1
15.69
19.26
9.85
32.95
- -
26.48
- -
19.68
57.38
- -
- -
Profit Margin (%)
201.45
78.44
58.85
82.37
109.38
24.48
-50.62
27.37
-71.08
35.82
6.9
-33.22
- -
Working Capital
6,689
870
-16,613
-28,543
-6,990
-17,982
-7,818
-7,590
-6,512
-11,195
-13,441
-12,455
-12,455
LT Debt
39,869
35,997
34,130
24,752
39,027
33,236
48,171
44,834
42,909
29,832
24,739
23,433
23,433
Total Equity
205,867
210,905
204,137
212,968
224,332
221,414
209,409
210,876
194,881
195,607
191,984
186,062
186,062
Return on Invested Capital (%)
- -
4.17
4.08
4.97
4.33
3.16
- -
2.54
- -
3.38
1.79
- -
- -
Return on Capital (%)
- -
5.79
4.37
6.95
7.03
1.68
- -
1.84
- -
2.83
0.77
- -
- -
Return on Common Equity (%)
- -
6.8
4.91
8.48
8.46
1.81
-3.73
2.14
-4.47
2.5
0.47
-2.3
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
10,799
9,118
10,578
LT Borrowings
24,739
25,608
23,433
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,036
3,036
3,036
Market Capitalization
59,402
66,846
74,382

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
3,264
3,135
3,663
Cash, Cash Equivalents & STI
1,308
1,372
2,031
Accounts Receivable, Net
217
179
196
Inventories
949
876
787
Total Current Liabilities
16,705
14,942
16,118
Payables & Accruals
- -
- -
- -
ST Debt
10,799
9,118
10,578
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.17%
-2.29%
-3.08%
Free Cash Flow
1.02%
11.04%
6.83%
Net Income, GAAP
-159.84%
-254.1%
-577.78%
Sales/Revenue/Turnover
-2.3%
-3.17%
-0.75%
Total Cash Common Dividend
-2.68%
-5.59%
0.82%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
13,306
2024
- -
- -
12,912
2025
- -
- -
12,815

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.57
2024
- -
- -
0.29
2025
- -
- -
-1.4

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.28
2024
- -
- -
1.25
2025
- -
- -
1.26

Company Description

Company Profile APIChatGPT
CEO
Tin Hoi Ng
Full Time Employees
2,900
Sector
Finance
Industry
Real estate development
Address
Ocean Centre Hong Kong HK Hong Kong
IPO Date
Nov 23, 2017
Website
wharfreic.com
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Business
Wharf Real Estate Investment Company Limited (1997.HK) constitutes an investment holding company that develops, owns, and operates premium properties and hotels across Hong Kong, Mainland China, and Singapore; it operates through Investment Properties, Development Properties, Hotel, and Investment segments, with flagship assets including Harbour City, a premier commercial complex encompassing offices, retail shops, serviced apartments, hotels, clubs, and parking spaces; Times Square, a landmark retail destination featuring office and parking facilities; Plaza Hollywood, a shopping mall with retail outlets, restaurants, and a cinema multiplex; The Murray, a Forbes five-star rated hotel; Wheelock House and Crawford House commercial buildings; Wheelock Place and Scotts Square malls in Singapore; and The Star Ferry, providing inner harbor ferry services. The company further engages in leasing and management of retail, office properties, and serviced apartments; property and equity investments; and offers leasing, finance, treasury, public transport, and management services; Wharf Real Estate Investment Company Limited traces its origins to 1886 and maintains headquarters in Kowloon, Hong Kong, as a spin-off from The Wharf (Holdings) Limited in 2017, with the parent retaining a substantial stake of approximately 44.57%. In recent developments, Wharf Real Estate Investment Company Limited enters a new Master Hotel Services Agreement with The Wharf (Holdings) Limited on November 28, 2025, effective from January 1, 2026, to December 31, 2028, governing connected transactions for hotel management, marketing, technical services, procurement, and training across its properties; the company sustains focus on sustainability and community initiatives, exemplified by its 2023 annual report securing a Grand Award and three other prizes in ARC Awards 2024 and LCAP 2023 Vision Awards, alongside recognition as the Third Top Donor by The Community Chest in 2023/2024.

Company News

Company News APIChatGPT

  • defenseworld.net

    Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) Short Interest Update

  • defenseworld.net

    Short Interest in Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) Drops By 63.0%

  • seekingalpha.com

    Wharf Real Estate Investment Company Limited (WRFRF) Q4 2025 Earnings Call Transcript

  • defenseworld.net

    Wharf Real Estate Investment (OTCMKTS:WRFRF) Trading 2.9% Higher – Should You Buy?

  • seekingalpha.com

    Wharf Real Estate Investment: Spotlight Is On Financial Health And Business Outlook

  • seekingalpha.com

    Wharf Real Estate Investment: Expecting A Better 2024 (Rating Upgrade)