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Wharf Real Estate Investment Company Limited(WRFRF US)

Overview

ProfileEntity Structure

Financials & Metrics

FinancialsChartingShort InterestEmployees
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WRFRF US​

Wharf Real Estate Investment Company Limited — Company Profile

Wharf Real Estate Investment Company Limited operates as an investment holding company, engaging in the acquisition, development, ownership, and operation of real estate and hospitality assets across Hong Kong, Mainland China, and Singapore. The firm organizes its diverse activities into four primary business divisions: Investment Properties, Development Properties, Hotel, and Investment. Its portfolio is anchored by significant properties such as Harbour City, a expansive commercial complex that includes offices, retail outlets, serviced residences, hotels, clubs, and car parking facilities, alongside Times Square, a key retail and office hub also featuring parking. Other commercial holdings encompass Wheelock House and Crawford House. In the hospitality sector, the company manages The Murray, a luxury hotel boasting 336 rooms. Its retail ventures further extend to Plaza Hollywood, a shopping mall offering a variety of shops, dining establishments, and a six-screen cinema multiplex. Notably, it also oversees The Star Ferry, providing two essential inner harbour ferry routes between Tsim Sha Tsui and Wan Chai. Additional retail centers under its management include Wheelock Place and Scotts Square. Beyond its core property operations, the company offers supplementary services, including leasing, financial solutions, and property management. Established in 1886, Wharf Real Estate Investment Company Limited maintains its headquarters in Kowloon, Hong Kong.

Sector
Real Estate
Industry
Real Estate Management & Development
Exchange
UU
CEO
Tin Hoi Ng
Headquarters
Hong Kong, HK
IPO Date
Aug 14, 2018
Employees
2,900
Website
www.wharfreic.com

Key Metrics

Price
$4.15
Market Cap
$12.60B
Revenue (TTM)
$12.81B
Net Income (TTM)
$-4256024212.00
EPS (TTM)
-1.40
P/E (TTM)
0.00
P/B (TTM)
0.07
Dividend Yield
5.54%
ROE (TTM)
-2.34%
ROA (TTM)
-1.85%
Operating Margin
72.94%
Beta
-0.03

Dividends

Last Dividend
$0.08
Last Yield
0.06%

Summary

Wharf Real Estate Investment Company Limited operates as an investment holding company, engaging in the acquisition, development, ownership, and operation of real estate and hospitality assets across Hong Kong, Mainland China, and Singapore. The firm organizes its diverse activities into four primary business divisions: Investment Properties, Development Properties, Hotel, and Investment. Its portfolio is anchored by significant properties such as Harbour City, a expansive commercial complex that includes offices, retail outlets, serviced residences, hotels, clubs, and car parking facilities, alongside Times Square, a key retail and office hub also featuring parking. Other commercial holdings encompass Wheelock House and Crawford House. In the hospitality sector, the company manages The Murray, a luxury hotel boasting 336 rooms. Its retail ventures further extend to Plaza Hollywood, a shopping mall offering a variety of shops, dining establishments, and a six-screen cinema multiplex. Notably, it also oversees The Star Ferry, providing two essential inner harbour ferry routes between Tsim Sha Tsui and Wan Chai. Additional retail centers under its management include Wheelock Place and Scotts Square. Beyond its core property operations, the company offers supplementary services, including leasing, financial solutions, and property management. Established in 1886, Wharf Real Estate Investment Company Limited maintains its headquarters in Kowloon, Hong Kong.

Website
www.wharfreic.com
Location
Hong Kong, HK
Phone852 2118 3118
Employees2,900
CEOTin Hoi Ng
Sector
Real Estate
Industry
Real Estate Management & Development
IPO DateAug 14, 2018

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Latest Documents

News

  • Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) Short Interest Update16 Sep
  • Short Interest in Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) Drops By 63.0%14 Aug

Key Stats

Trading

Px/Chg 1D$4.15 / +0.00%
Avg Volume5.31K
Beta-0.03
Mkt Cap12.60B
FD Mkt Cap12.60B

Float

Shrs Out/Float3.04B / 1.55B
Short Float0.00%
Days to Cover716.28
Stock Repurchased$0.00

Current Valuation

EV48.93B
EV/EBITDA0.00
EV/Sales0.00
P/B0.07
P/S0.00
FCF Yield26.93%
ROE-2.34%
ROA-1.85%
Current Ratio0.27

Dividend

Cash$0.08
Yield5.54%
Yield (TTM)5.54%

Estimates

P/E0.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings1.183.09-1.691.689.61-6.81
Price / Sales1.060.851.200.600.661.97
Price / Book Value0.060.070.080.040.050.07
Price / Free Cash Flow2.091.752.251.381.363.71
ENTERPRISE VALUE METRICS
Enterprise Value54,975.765,874.964,603.148,511.046,960.348,929.0
Enterprise Value / Sales4.844.115.193.653.647.64
Enterprise Value / EBITDA-17.579.40-10.505.8510.89-103.47
Enterprise Value / EBIT-13.099.87-10.046.0311.52-82.81

Financials

Full Financials
Millions HKD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-5.5%16,043.012,459.013,306.012,912.012,812.1
Gross Income-2.8%10,705.09,978.010,684.010,340.09,561.8
EBITDA—7,006.0-6,153.08,289.04,314.0-1,424.7
EBIT—6,676.0-6,433.08,043.04,077.0-1,659.6
Net Income—4,391.0-8,856.04,766.0891.0-4,256.0
EPS (Diluted)—1.45-2.921.570.29-1.40
BALANCE SHEET
Cash & ST Inv3.1%1,800.01,340.01,124.01,308.02,030.5
Total Assets-4.2%272,268.0255,249.0245,322.0238,072.0229,640.4
Total Liabilities-8.2%61,392.060,368.049,715.046,088.043,621.0
Total Shareholder Equity-3.1%206,106.0190,364.0191,412.0187,820.0181,663.4
CASH FLOW
Net Operating Cash Flow-4%7,968.06,688.05,865.06,338.06,768.0
Cap Ex-32.4%-196.0-35.0-50.0-41.0-41.0
Free Cash Flow-3.5%7,772.06,653.05,815.06,297.06,727.0

Enterprise Value Bridge

Millions HKD20 Oct '26
Price (As of 20 Oct '26)4.15
Basic Shares3,036.23
Market Cap12,600.3
Diluted Shares390.00
Fully Diluted Shares Outstanding390.00
Fully Diluted Market Cap1,618.5
+Consolidated Debt34,003.2
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,030.5
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest4,356.0
+Pension Liabilities—
Enterprise Value48,929.0

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