WHARF REIC's stock plummeted 5.00% during intraday trading on Thursday, reflecting investor reaction to the company's latest financial disclosures.
The decline came after WHARF REIC announced its full-year results for 2025, reporting revenue of HK$12.82 billion, a decrease of 0.75% year-on-year. More significantly, the company swung to a net loss attributable to shareholders of HK$4.26 billion, compared to a profit of HK$891 million in the prior year.
Bank of America Securities noted the results were in line with expectations but slightly reduced its dividend per share forecast for 2026-2028 by 1% to 2%, citing a more gradual recovery in rental income. The firm highlighted ongoing challenges in the office market due to oversupply and rent pressure, while the retail sector continues its recovery from pandemic levels.