Swire Properties

Swire Properties reported an adjusted profit rise of 11% to HKD 4.9 billion for H1 2026 and a recurring adjusted profit increase of 36% to HKD 4.7 billion, supported by residential sales, a strong retail business and two luxury disposals in Deep Water Bay. The interim dividend was raised by 6% to HKD 0.37 per share, while net debt edged up slightly and the gearing ratio remained at 14.8%; the weighted average cost of debt fell to 3.3%. Despite the positive results, the stock fell 4.17% to HKD 23, as investors remain cautious due to persistent weakness in the office sector and uncertainty over rent adjustments. » Mere på de.investing.com

Swire Properties reports adjusted profit of HK$8,620m for 2025 (+27%), driven by one-off disposal gains of about HK$7.3bn. Recurring adjusted profit, however, fell 3% to HK$6,260m, while the full-year dividend was raised 5% to HK$1.15. Capital recycling funded a HK$100bn investment plan (67% committed) focused on retail projects in mainland China, where retail rents for the first time exceeded those from Hong Kong office assets. The balance sheet improved (net debt down 10% to HK$39.5bn), but investors are cautious due to weaker recurring earnings and a challenging Hong Kong office market. » Mere på de.investing.com

Swire Properties has sold its interest in the retail and parking components of Miami's Brickell City Centre to Simon, which will now fully own and manage the asset. The transaction marks a strategic move for Swire Properties, a major developer in Miami, and expands Simon's portfolio in the region. The sale was facilitated by Greenberg Traurig, which has long served as Swire's legal advisor. » Mere på prweb.com