Wharf Real Estate Investment Aktie

Wharf Real Estate announced an increase in its payout ratio from 65% to 90% of recurring adjusted net profit from 2026 and raised the interim dividend by 42% to HK$0.94 per share. The stock jumped 5.1% to HK$31.52, extending a two-day rally. Adjusted net profit grew 6% year-on-year, and analysts called the move a positive surprise; Citi reiterated "Buy" and raised its target to HK$31.60, while CLSA reiterated "Outperform" with a HK$40 target. Citi also expects net debt to fall to around HK$20 billion by end-2026, supported by improved capital deployment and disposals such as Wheelock Place. » More on de.investing.com

Wharf REIC reported a 6% rise in adjusted net profit for H1 2026 and a 3% increase in recurring core profit, as well as net cash flow before financing activities of HKD 1.4bn (+41%). The board raised the payout ratio from 65% to 90% and increased the interim dividend by 42% to HKD 0.94, after which the share price climbed about 13.7%. Lower financing costs, record-low net debt and the strong performance of Harbour City contributed to the market reaction. Management expects further debt reduction, potential asset disposals in Singapore and a recovery in retail and hotel trends in H2. » More on de.investing.com

Wharf REIC reported an adjusted net profit increase of 5% to HK$2.13 per share for FY2025, while group revenue fell 1% to HK$12.8bn and operating profit declined 4% to HK$9.3bn. Management attributed the profit improvement to significant reductions in interest costs (financing costs -32%) and cost savings; the dividend was raised 6% to HK$1.32. Statutorily, the company recorded a loss of HK$4.3bn due to non-cash impairments on investment properties of HK$10.5bn. Net debt fell to HK$32bn (gearing 17.2%), Moody’s rating remained at A2 with a stable outlook; the portfolio showed high occupancy rates and a recovery in the hotel sector. » More on de.investing.com