---
title: "Wharf REIC surges 14% in Hong Kong after interim dividend hike"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295057989.md"
description: "Wharf REIC surges 14% in Hong Kong to HK$29.94 after interim net profit rose 6% and dividend payout ratio hit 90%."
datetime: "2026-08-06T05:24:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295057989.md)
  - [en](https://longbridge.com/en/news/295057989.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295057989.md)
generator: "portal-rs"
---

# Wharf REIC surges 14% in Hong Kong after interim dividend hike

Wharf Real Estate Investment Company (1997.HK) surged more than **13%** in Hong Kong trading to **HK$29.94**. The stock briefly fell more than 3% during the session before recovering to post strong gains. The company reported interim underlying net profit rose 6% year-over-year to **HK$3.311 billion**, and declared an interim dividend of **HK$0.94** per share, up more than 42% from a year earlier, lifting the payout ratio to **90%** from 65%.

Separately, the company sold Singapore's Wheelock Place for SGD 1.11 billion, expecting a pre-tax gain of roughly **HK$1.007 billion**. The sale reduced its net gearing ratio to a historic low of **15.9%**.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**