Wharf Real Estate Investment Co (HK:1997)
:1997
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Wharf Real Estate Investment Co
(1997)
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Rating:58Neutral
Price Target:
HK$27.00
â–²(11.94% Upside)
Action:Reiterated
Date:04/14/26
The score is supported by a conservative balance sheet and consistently positive cash generation, but held back by weak/declining profitability (including a material 2025 loss) and bearish technical signals. A high dividend yield helps, though the negative P/E underscores earnings risk.
Positive Factors
Conservative balance sheet
Low leverage and a large equity base provide durable financial resilience in real estate cycles. Declining total debt improves flexibility to fund development, withstand rent or valuation shocks, and access capital at lower cost, supporting strategic optionality over the next 2–6 months.
Negative Factors
Profitability volatility
Large swings from profit to sizable loss indicate weak earnings quality and make cash available for growth or distributions unpredictable. Persistent volatility complicates forecasting, limits retained-earnings accumulation, and raises the risk that short-term losses persist into subsequent reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and a large equity base provide durable financial resilience in real estate cycles. Declining total debt improves flexibility to fund development, withstand rent or valuation shocks, and access capital at lower cost, supporting strategic optionality over the next 2–6 months.
Read all positive factors
Wharf Real Estate Investment Co (1997) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$75.91B
Dividend Yield5.04%
Average Volume (3M)4.00M
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-0.75%
EPS Growth-577.88%
CountryHK
Employees2,900
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-1.40
Shares Outstanding3,036,227,300
10 Day Avg. Volume3,626,616
30 Day Avg. Volume4,004,247
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.41
Price to Sales (P/S)5.82
P/FCF Ratio11.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$29.92Price Target Upside24.05% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)2.13
Revenue Forecast (FY)HK$12.62B
Wharf Real Estate Investment Co Business Overview & Revenue Model
Company Description
Wharf Real Estate Investment Company Limited, an investment holding company, invests in, develops, owns, and operates properties and hotels in Hong Kong, Mainland China, and Singapore. The company operates through four segments: Investment Propert...
How the Company Makes Money
The company makes money primarily through returns generated from its real estate-related holdings and activities. Key revenue streams include (1) rental and leasing income from investment properties (recurring revenue driven by occupancy levels, l...
Wharf Real Estate Investment Co Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.81B | 12.91B | 13.31B | 12.41B | 16.04B |
| Gross Profit | 10.03B | 10.34B | 10.68B | 9.65B | 10.38B |
| EBITDA | 9.57B | 9.94B | 10.24B | 9.12B | 9.21B |
| Net Income | -4.26B | 891.00M | 4.77B | -8.86B | 4.39B |
Balance Sheet | |||||
| Total Assets | 229.69B | 238.07B | 245.32B | 255.25B | 272.27B |
| Cash, Cash Equivalents and Short-Term Investments | 2.03B | 1.31B | 1.12B | 1.34B | 1.80B |
| Total Debt | 34.01B | 35.54B | 37.42B | 46.49B | 49.33B |
| Total Liabilities | 43.63B | 46.09B | 49.72B | 60.37B | 61.39B |
| Stockholders Equity | 181.71B | 187.82B | 191.41B | 190.36B | 206.11B |
Cash Flow | |||||
| Free Cash Flow | 6.73B | 6.30B | 5.82B | 6.65B | 7.77B |
| Operating Cash Flow | 6.77B | 6.34B | 5.87B | 6.69B | 7.97B |
| Investing Cash Flow | -61.00M | -174.00M | 7.17B | -2.16B | 199.00M |
| Financing Cash Flow | -6.01B | -5.96B | -13.25B | -4.90B | -8.66B |
Wharf Real Estate Investment Co Technical Analysis
Positive
24.12
Price Trends
24.23
Positive
24.97
Positive
23.85
Positive
Market Momentum
0.37
Positive
50.89
Neutral
36.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1997, the sentiment is Positive. The current price of 24.12 is below the 20-day moving average (MA) of 24.98, below the 50-day MA of 24.23, and above the 200-day MA of 23.85, indicating a bullish trend. The MACD of 0.37 indicates Positive momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 36.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1997.
Wharf Real Estate Investment Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$103.90B | 22.18 | 25.39% | 2.92% | 5.89% | 9.36% | |
73 Outperform | HK$7.50B | 4.93 | 3.35% | 5.29% | -9.69% | -9.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | HK$41.87B | 11.84 | 1.35% | 5.92% | -11.49% | -20.93% | |
61 Neutral | HK$19.82B | 9.50 | 1.20% | 5.77% | 1.06% | 799.41% | |
58 Neutral | HK$75.91B | -17.53 | -2.32% | 5.04% | -0.75% | -577.88% | |
54 Neutral | HK$1.98B | -0.83 | -18.18% | 16.00% | -70.47% | 14.32% |
* Real Estate Sector Average
HK:1997
Wharf Real Estate Investment Co
25.00
6.55
35.49%
HK:0101
Hang Lung Properties
8.28
2.37
40.08%
HK:0014
Hysan Development Co
19.30
7.08
57.87%
HK:0071
Miramar Hotel & Investment Co
10.85
1.68
18.27%
HK:0878
Soundwill Holdings
7.00
-0.94
-11.84%
HK:1209
China Resources Mixc Lifestyle Services Ltd.
45.52
9.97
28.05%
Wharf Real Estate Investment Co Corporate Events
Wharf REIC Sets May 2026 AGM to Seek Mandates on Share Buy-Back and Issuance
Apr 9, 2026
Wharf Real Estate Investment Company Limited has called its annual general meeting for 12 May 2026 in Hong Kong, where shareholders will review the financial statements and directors’ and auditor’s reports for the year ended 31 Decembe...
Wharf REIC Sets Final Deadline for Unclaimed 2019 Dividend Before Forfeiture
Mar 24, 2026
Wharf Real Estate Investment Company Limited has announced that any portion of its 2019 second interim dividend of HK$0.93 per share, declared on 5 March 2020 and remaining unclaimed on 24 April 2026, will be forfeited and revert to the company un...
Wharf REIC Announces Retirement of Independent Non-Executive Director Tak Hay Chau
Mar 12, 2026
Wharf Real Estate Investment Company Limited announced that Independent Non-executive Director Mr. Tak Hay Chau will retire by rotation at the annual general meeting scheduled for 12 May 2026 and will not stand for re-election. His directorship wi...
Wharf REIC Lifts Dividend as Underlying Profit Rises Despite Property Revaluation Hit
Mar 10, 2026
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 g...
Wharf REIC Announces HKD 0.66 Second Interim Dividend for 2025
Mar 10, 2026
Wharf Real Estate Investment Company Limited has declared a second interim ordinary dividend of HKD 0.66 per share for the financial year ended 31 December 2025, reinforcing its practice of returning cash to shareholders. The shares will trade ex-...
Wharf REIC Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Feb 26, 2026
Wharf Real Estate Investment Company Limited has scheduled a board meeting for 10 March 2026 to approve the company’s audited final results for the financial year ended 31 December 2025. The board will also consider whether to declare a divi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.