Wharf Real Estate Investment Company Limited (1997.HK)
Kowloon, HK
Wharf Real Estate Investment Company Limited operates as an investment holding entity, specializing in the investment, development, ownership, and operation of real estate and hospitality assets. Its activities span Hong Kong, Mainland China, and Singapore. The company organizes its operations into four distinct segments: Investment Properties, Development Properties, Hotel operations, and Investment activities. Prominent among its diverse portfolio are major commercial hubs like Harbour City, which integrates offices, retail outlets, serviced apartments, hotels, clubs, and extensive parking facilities. Another significant asset is Times Square, a retail space also featuring office and parking provisions. Other notable commercial properties include Wheelock House and Crawford House. In the hotel sector, it manages The Murray, a luxury establishment with 336 rooms. Retail destinations like Plaza Hollywood, complete with shops, restaurants, and a six-screen cinema multiplex, alongside Wheelock Place and Scotts Square mall, further comprise its property holdings. Beyond its property ventures, the company is uniquely involved in operating The Star Ferry, which offers two essential inner-harbour ferry services connecting Tsim Sha Tsui and Wan Chai. Additionally, Wharf Real Estate provides various leasing, finance, and management services, and actively participates in property investment. Established in 1886, the company's headquarters are located in Kowloon, Hong Kong.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.33% | -3.53% | -1.23% | -16.82% | -2.12% | -2.20% | +22.28% | -40.20% | -47.16% | -51.92% | -51.92% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 3 | 0 |
| Hold | 5 | 0 |
| Sell | 2 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Real Estate - Services: +11.2%-0.8% Q4'25: -6.2% (vs Q4'23)
-
EPS growth Real Estate - Services: +25.9%-582.8% Q4'25: -162.2% (vs Q4'23)
-
FCF margin FCF growth · Real Estate - Services: +32.2%+51.8% Q4'25: +53.0% (vs Q4'23)
-
EBIT margin Real Estate - Services: +23.7%+73.0% ★ Q4'25: +72.8% (vs Q4'23)
-
ROIC Real Estate - Services: +4.3%+4.3% ★ Q4'25: +8.6% (vs Q4'23)
-
Share dilution Real Estate - Services: +0.0%+0.0% Q4'25: 0.0% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×3.55× Q4'25: 1.78× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 9 Rev. Ana. 9 EPS Ana. |
Dec 2027 10 Rev. Ana. 10 EPS Ana. |
Dec 2028 8 Rev. Ana. 6 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
20.90B
est: 19.05B (+9.7%)
|
16.48B
est: 16.35B (+0.8%)
|
16.16B
est: 15.33B (+5.4%)
|
15.52B
est: 12.69B (+22.3%)
|
16.04B
est: 13.74B (+16.8%)
|
12.41B
est: 12.57B (-1.2%)
|
13.31B
est: 13.33B (-0.2%)
|
12.91B
est: 13.07B (-1.2%)
|
12.82B
est: 12.62B (+1.6%)
|
12.65B
12.28B – 12.99B
+0.3% YoY
|
12.73B
12.17B – 13.58B
+0.6% YoY
|
12.87B
12.79B – 12.94B
+1.1% YoY
|
| EBITDA |
15.59B
est: 13.49B (+15.6%)
|
13.02B
est: 11.58B (+12.4%)
|
13.11B
est: 10.86B (+20.8%)
|
10.74B
est: -398.12M (+2,797.7%)
|
9.21B
est: -412.55M (+2,331.9%)
|
9.12B
est: -423.44M (+2,254.0%)
|
10.24B
est: 11.46B (-10.7%)
|
9.94B
est: 11.26B (-11.8%)
|
9.57B
est: 10.85B (-11.8%)
|
10.88B
10.55B – 11.16B
+0.3% YoY
|
10.94B
10.46B – 11.67B
+0.6% YoY
|
11.06B
10.99B – 11.12B
+1.1% YoY
|
| EBIT |
23.09B
est: 13.11B (+76.1%)
|
20.97B
est: 13.20B (+58.9%)
|
6.89B
est: 12.52B (-45.0%)
|
10.45B
est: 10.77B (-3.0%)
|
8.88B
est: 11.16B (-20.4%)
|
8.83B
est: 11.45B (-22.9%)
|
9.99B
est: 11.30B (-11.6%)
|
9.69B
est: 11.10B (-12.7%)
|
9.35B
est: 10.69B (-12.6%)
|
10.73B
10.41B – 11.01B
+0.3% YoY
|
10.79B
10.31B – 11.51B
+0.6% YoY
|
10.91B
10.84B – 10.97B
+1.1% YoY
|
| Net Income |
17.22B
est: 9.03B (+90.6%)
|
18.03B
est: 14.72B (+22.5%)
|
3.93B
est: 17.74B (-77.9%)
|
-7.85B
est: 3.33B (-336.0%)
|
4.39B
est: 3.45B (+27.4%)
|
-8.86B
est: -5.58B (-58.6%)
|
4.77B
est: 1.91B (+149.7%)
|
891.00M
est: 6.14B (-85.5%)
|
-4.26B
est: 6.41B (-166.4%)
|
6.65B
6.23B – 6.81B
+3.8% YoY
|
6.77B
6.27B – 7.29B
+1.8% YoY
|
6.68B
5.12B – 7.72B
-1.3% YoY
|
| SGA |
832.00M
est: 1.04B (-19.8%)
|
580.00M
est: 704.28M (-17.6%)
|
611.00M
est: 570.74M (+7.1%)
|
870.00M
est: 517.56M (+68.1%)
|
1.31B
est: 536.32M (+144.4%)
|
857.00M
est: 550.48M (+55.7%)
|
445.00M
est: 670.00M (-33.6%)
|
412.00M
est: 658.22M (-37.4%)
|
450.00M
est: 633.95M (-29.0%)
|
635.74M
616.82M – 652.60M
+0.3% YoY
|
639.46M
611.43M – 682.39M
+0.6% YoY
|
646.46M
642.70M – 650.22M
+1.1% YoY
|
| EPS |
5.67
est: 2.98 (+90.5%)
|
5.94
est: 3.20 (+85.7%)
|
1.29
est: 3.17 (-59.3%)
|
-2.59
est: 2.39 (-208.2%)
|
1.45
est: 2.26 (-35.8%)
|
-2.92
est: 2.10 (-239.2%)
|
1.57
est: 0.63 (+149.7%)
|
0.29
est: 2.01 (-85.6%)
|
-1.40
est: 2.08 (-167.3%)
|
2.14
2.05 – 2.24
+2.9% YoY
|
2.17
2.06 – 2.40
+1.6% YoY
|
2.22
1.69 – 2.54
+2.0% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-28 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-27 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-26 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-22 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-21 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-20 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-19 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-18 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-15 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-14 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-13 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-12 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 4/5 | 1/5 | 4/5 |
| 2026-05-11 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 4/5 |
| 2026-05-08 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-07 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-06 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-05 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-05-04 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-30 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-29 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-28 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-27 | B- | 3/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 5/5 |
| 2026-04-24 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-23 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-22 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-21 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-20 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-17 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-16 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-15 | B- | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 5/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Hong Kong ETF EWH | 1.52% | 17.75M | 0.50% |
| 2 | iShares Asia Property Yield UCITS ETF AYEP.DE | 1.43% | 350.1K | 0.59% |
| 3 | iShares Asia Property Yield UCITS ETF IDAR.L | 1.43% | 2.76M | 0.59% |
| 4 | State Street SPDR Dow Jones International Real Estate ETF RWX | 1.02% | 2.82M | 0.59% |
| 5 | Cambria Global Value ETF GVAL | 0.76% | 4.04M | 0.66% |
| 6 | iShares International Developed Real Estate ETF IFGL | 0.64% | 519.1K | 0.48% |
| 7 | Xtrackers International Real Estate ETF HAUZ | 0.50% | 5.22M | 0.10% |
| 8 | UBS FTSE EPRA Nareit Developed Green UCITS ETF USD dis CSYZ.DE | 0.47% | 968.4K | 0.25% |
| 9 | Vanguard Global ex-U.S. Real Estate ETF VNQI | 0.46% | 17.32M | 0.12% |
| 10 | iShares Environmentally Aware Real Estate ETF ERET | 0.38% | 52.5K | 0.30% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Tin Hoi Ng | Chairman & MD | 8M | male |
| Wai Chung Lee | Executive Director | 6M | male |
| Yen Thean Leng MHKIS MRICS | Executive Director | 6M | female |
| Yiu Cheung Tsui CGMA FCCA FCIS FCMA | Executive Vice Chairman | 4M | male |
| Chung Ying Hui FCCA FCIS HKICPA | Company Secretary | 2M | male |
| Angela Ng | Investor Relations Manager of Wharf Limited | — | female |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 1997.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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