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Wharf Real Estate Investment Co
(OTC:1997)
Wharf Real Estate Investment Co (1997) vs. iShares MSCI Hong Kong ETF (EWH)
Wharf Real Estate Investment Co Business Overview & Revenue Model
Wharf Real Estate Investment Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 12.91B | 13.31B | 12.41B | 16.04B | 15.52B | Gross Profit |
| 10.34B | 10.68B | 9.65B | 10.38B | 10.84B | EBIT |
| 9.69B | 9.99B | 8.16B | 9.04B | 9.55B | EBITDA |
| 9.94B | 10.24B | -6.15B | 9.37B | -5.74B | Net Income Common Stockholders |
| 891.00M | 4.77B | -8.86B | 4.39B | -7.85B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.31B | 1.12B | 1.34B | 1.80B | 2.26B | Total Assets |
| 238.07B | 245.32B | 255.25B | 272.27B | 277.91B | Total Debt |
| 35.54B | 37.42B | 46.49B | 49.33B | 54.28B | Net Debt |
| 34.23B | 36.30B | 45.15B | 47.53B | 52.02B | Total Liabilities |
| 46.09B | 49.72B | 60.37B | 61.39B | 68.50B | Stockholders Equity |
| 187.82B | 191.41B | 190.36B | 206.11B | 204.55B |
| Cash Flow | Free Cash Flow | |||
| 6.30B | 5.82B | 6.65B | 7.77B | 4.65B | Operating Cash Flow |
| 6.34B | 5.87B | 6.69B | 7.97B | 4.82B | Investing Cash Flow |
| -174.00M | 7.17B | -2.16B | 199.00M | -8.13B | Financing Cash Flow |
| -5.96B | -13.25B | -4.90B | -8.66B | 2.59B |
Wharf Real Estate Investment Co Technical Analysis
Wharf Real Estate Investment Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$88.90B | 22.59 | 22.39% | 2.14% | 13.34% | 21.64% | |
69 Neutral | $30.33B | 13.65 | 1.63% | 8.24% | 9.02% | -47.36% | |
68 Neutral | $20.83B | 10.61 | 4.96% | 0.39% | 1.31% | 379.84% | |
61 Neutral | $2.83B | 10.91 | 0.42% | 8438.90% | 5.74% | -20.95% | |
61 Neutral | HK$23.96B | 19.26 | 6.76% | 5.59% | 7.13% | -42.14% | |
53 Neutral | $60.66B | 68.07 | 0.47% | 6.84% | -2.96% | -81.31% | |
50 Neutral | HK$54.54B | ― | -10.33% | 1.95% | -23.86% | -472.97% |
Wharf Real Estate Investment Co Corporate Events
Wharf Real Estate Investment Co has announced the composition of its Board of Directors, highlighting the roles and functions of each member. This announcement provides insights into the company’s governance structure, which is crucial for maintaining its strategic direction and operational efficiency. The board includes a mix of executive and independent non-executive directors, ensuring a balanced approach to decision-making and oversight.
The most recent analyst rating on (HK:1997) stock is a Buy with a HK$23.26 price target. To see the full list of analyst forecasts on Wharf Real Estate Investment Co stock, see the HK:1997 Stock Forecast page.
Wharf Real Estate Investment Company Limited held its Annual General Meeting on May 15, 2025, where all proposed resolutions were passed. Key resolutions included the adoption of financial statements, re-election of directors, re-appointment of KPMG as auditors, and granting mandates for share buy-backs and issuance. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued strategic operations in the real estate market.
The most recent analyst rating on (HK:1997) stock is a Buy with a HK$29.60 price target. To see the full list of analyst forecasts on Wharf Real Estate Investment Co stock, see the HK:1997 Stock Forecast page.
Wharf Real Estate Investment Company Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 15, 2025. Key agenda items include the consideration of financial statements, re-election of directors, and re-appointment of auditors. Additionally, resolutions will be proposed to authorize the directors to purchase shares and to issue new shares, which could impact the company’s market operations and shareholder value.
Wharf Real Estate Investment Company Limited announced the forfeiture of unclaimed dividends from 2018, amounting to HK$1.05 per share, which will revert to the company if not claimed by April 25, 2025. This move underscores the company’s adherence to its Articles of Association and may impact shareholders who have yet to claim their dividends, emphasizing the importance of timely financial management.
Wharf Real Estate Investment Company Limited has outlined the terms of reference for its Nomination Committee, which is responsible for reviewing the Board’s structure, size, and composition, and making recommendations for changes to align with the company’s corporate strategy. The Committee is also tasked with assessing the independence of directors, evaluating board performance, and ensuring effective succession planning, thereby reinforcing the company’s governance framework.
Wharf REIC announced its 2024 financial results, highlighting a challenging year with a 3% decline in revenue and a decrease in the total value of investment properties. Despite these challenges, the company managed to increase its underlying net profit by 2% and reduced its borrowing costs through continued deleveraging. The company maintained high occupancy rates in its retail and office properties by offering flexible lease terms and enhancing premises, although it faced pressure from weak retail sales and increased competition. The strategic focus on debt management and maintaining competitiveness in a soft market environment demonstrates Wharf REIC’s resilience and adaptability.
Wharf Real Estate Investment Company Limited announced a second interim dividend of HKD 0.6 per share for the financial year ending December 31, 2024. This announcement reflects the company’s ongoing commitment to delivering value to its shareholders and may influence its market positioning by demonstrating financial stability and shareholder return.