Wharf Real Estate Investment Company Limited

Wharf Real Estate Investment Company Limited

WRFRF
Wharf Real Estate Investment Company LimitedUS flagOther OTC
2.90
USD
-0.16
- -
8.81BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
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
- -
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
- -
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
- -
Dividend per Share
1.58
2.73
5.19
3.36
2
2.15
1.71
1.36
1.34
1.28
1.25
- -
Book Value per Share
- -
- -
65.35
67.73
0.1
0.1
0.1
0.1
0.1
0.1
0.1
- -
Tangible Book Value per Share
67.8
69.46
67.23
70.15
73.89
72.93
68.98
69.46
64.19
64.43
63.24
- -
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
- -
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
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
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
Return on Invested Capital (%)
- -
4.17
4.08
4.97
4.33
3.16
- -
2.54
- -
3.38
1.79
- -
Return on Capital (%)
- -
32.11
7.55
6.98
12.1
9.07
- -
8.45
- -
14.38
4.32
- -
Return on Common Equity (%)
- -
- -
10
8.52
17.51
1,292.11
-2,583.55
1,444.41
-2,913.16
1,567.76
293.09
-1,400.33

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

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%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
13,306
2024
- -
- -
- -
- -
12,912
2025
- -
- -
- -
- -
12,815

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.57
2024
- -
- -
- -
- -
0.29
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.28
2024
- -
- -
- -
- -
1.25
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Tin Hoi Ng
Full Time Employees
2,900
Sector
Real Estate
Industry
Real Estate - Services
Address
Ocean Centre Kowloon Hong Kong
IPO Date
Aug 14, 2018
Business
Wharf Real Estate Investment Company Limited (1997.HK), a Cayman Islands-incorporated investment holding company listed on the Hong Kong Stock Exchange since 2017 and a Hang Seng Index constituent, primarily engages in property investment, leasing and management, development, hotel operations, and ancillary services across Hong Kong, mainland China, and Singapore. The company owns and operates a premier portfolio of investment properties including the flagship Harbour City complex and Times Square shopping malls, office buildings such as Wheelock House and Crawford House, Plaza Hollywood retail and entertainment destination, The Murray luxury hotel, serviced apartments at Gateway, and The Star Ferry public transport service in Hong Kong; Wheelock Place and Scotts Square malls in Singapore; as well as development properties mainly in mainland China, hotel assets, equity investments, and leasing, finance, treasury, and management services. Founded in 1886 and headquartered in Kowloon, Hong Kong, it is a subsidiary of Wheelock & Co. and a sister company to The Wharf (Holdings) Limited, with approximately 10.3 million square feet of gross floor area in its core assets focused on retail, office, hospitality, and logistics-adjacent segments targeting premium retail tenants, corporate offices, tourists, and high-end consumers. In recent developments, Wharf Real Estate reported stable underlying net profit and increased its interim dividend per share to HK$0.66 for the first half of 2025 amid a challenging retail environment, with investment properties revenue slipping 3% year-over-year due to turnover rent pressures but offset by a 27% reduction in borrowing costs, gearing at a new low of 17.6%, and ongoing de-leveraging; the company enhanced experiential retail at Harbour City and Times Square through flagship expansions for brands like Louis Vuitton, Loewe, and Nike Style, improved hotel occupancies at Canton Road properties and The Murray, committed to science-based GHG emissions reduction targets approved by SBTi, and maintained Moody's A2 credit rating while prioritizing cost control and asset rejuvenation without recent mergers, acquisitions, or major funding rounds.

Company News

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

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

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

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