Wharf Real Estate Investment Full Year 2023 Earnings: EPS Misses Expectations

Wharf Real Estate Investment (HKG:1997) Full Year 2023 Results

Key Financial Results

• Revenue: HK$13.3b (up 6.8% from FY 2022).
• Net income: HK$4.77b (up from HK$8.86b loss in FY 2022).
• Profit margin: 36% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
• EPS: HK$1.57 (up from HK$2.92 loss in FY 2022).

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

Wharf Real Estate Investment EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Real Estate industry in Hong Kong.

Performance of the Hong Kong Real Estate industry.

The company's shares are up 5.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Wharf Real Estate Investment has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.