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Wharf REIC Lifts Dividend as Underlying Profit Rises Despite Property Revaluation Hit

Story Highlights
  • Wharf REIC grew underlying profit and dividends in 2025, reduced debt and maintained high occupancy, but recorded a statutory loss on property revaluations.
  • Hong Kong retail, office and hotel assets showed gradual recovery with strong occupancy, yet yields, room rates and asset values stayed under pressure amid global headwinds.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wharf REIC Lifts Dividend as Underlying Profit Rises Despite Property Revaluation Hit

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Wharf Real Estate Investment Co ( (HK:1997) ).

Wharf Real Estate Investment Company reported a 5% rise in underlying net profit for 2025 to HK$6.46 billion, or HK$2.13 per share, and raised its full-year dividend to HK$1.32 per share, even as investment property revaluation losses pushed the group to a statutory loss. Net debt fell by HK$2.2 billion to HK$32 billion, cutting gearing to 17.2%, while lower interest costs and strong occupancy of 92% across its investment properties supported earnings despite mild declines in revenue and a 3% drop in net asset value.

The group’s Hong Kong-focused retail, office and hotel portfolio showed gradual operational recovery in a volatile global environment marked by geopolitical tensions, shifting consumer behavior and technological disruption. Harbour City and Times Square reported small revenue and profit gains as experiential retail and promotions lifted volumes, offices maintained over 90% occupancy and more than 80% tenant retention despite oversupply, and hotels benefited from mega events that boosted visitor numbers, although rental yields and room rates remained under pressure and asset values continued to soften.

The most recent analyst rating on (HK:1997) stock is a Sell with a HK$28.00 price target. To see the full list of analyst forecasts on Wharf Real Estate Investment Co stock, see the HK:1997 Stock Forecast page.

More about Wharf Real Estate Investment Co

Wharf Real Estate Investment Company is a Hong Kong-based property investor and operator focused on prime investment properties, including flagship retail complexes, offices and hotels. Its core assets, such as Harbour City and Times Square, target high-end retail and commercial tenants, positioning the group as a major player in Hong Kong’s luxury and experiential shopping and business districts.

Average Trading Volume: 3,751,203

Technical Sentiment Signal: Buy

Current Market Cap: HK$83.74B

Find detailed analytics on 1997 stock on TipRanks’ Stock Analysis page.

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