WHARF REIC (01997) reported its interim results, with a loss attributable to shareholders of HKD 176 million, a year-on-year decrease of 92.69%.

WHARF REIC (01997) has announced its interim results for 2026, reporting revenue of HKD 6.34 billion, a year-on-year decrease of 1.05%. The loss attributable to shareholders was HKD 176 million, a year-on-year decrease of 92.69%. The loss per share was HKD 0.06, and the company intends to declare its first interim dividend of HKD 0.94 per share. Demand for office spaces has improved. Thanks to active IPO activities and robust wealth management business, demand in the financial sector is particularly notable. Other financial centers continue to face geopolitical uncertainties, further enhancing Hong Kong's appeal as a safe haven and energizing the leasing market. The pace of market recovery remains inconsistent, with favorable absorption in prime locations, while vacancy rates in non-core areas remain high. The groups office portfolio benefits from advantageous locations and efficient management, with the occupancy rate rising to 93% at the end of the period, and significant increases seen in offices located in Central and Tsim Sha Tsui. In the face of interest rate fluctuations and external environmental challenges, the group maintains a prudent approach to debt management. Net debt has decreased to HKD 29.2 billion, with the debt ratio reduced to 15.9%, both reaching historic lows, and borrowing costs have also been cut by 26%. As a result, the group's underlying net profit grew by 6% during the period.