Wharf Real Estate Investment Full Year 2024 Earnings: Misses Expectations

Simply Wall St.

12 Mar

Wharf Real Estate Investment (HKG:1997) Full Year 2024 Results

Key Financial Results

Revenue: HK$12.9b (down 3.0% from FY 2023).
Net income: HK$891.0m (down 81% from FY 2023).
Profit margin: 6.9% (down from 36% in FY 2023).
EPS: HK$0.29 (down from HK$1.57 in FY 2023).

SEHK:1997 Earnings and Revenue Growth March 11th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wharf Real Estate Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 86%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Wharf Real Estate Investment you should know about.

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