WRFRF (Wharf Real Estate Investment Co) Net Income: $-544 Mil (TTM As of Dec. 2025)

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WRFRF Wharf Real Estate Investment Co Ltd WRFRF
67 GF Score
Price $2.70
GF Value $3.09
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Wharf Real Estate Investment Co Net Income?

Wharf Real Estate Investment Co WRFRF -6.90% 67 Net Income is $-544 Mil as of Dec. 2025. GuruFocus rates WRFRF with a GF Score™ of 67/100 and a GF Value™ of $3.09 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Wharf Real Estate Investment Co's Net Income for the six months ended in Dec. 2025 was $-238 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-544 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Wharf Real Estate Investment Co's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was $-0.08.


Wharf Real Estate Investment Co  (OTCPK:WRFRF) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Wharf Real Estate Investment Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Wharf Real Estate Investment Co Net Income Related Terms


Wharf Real Estate Investment Co Net Income Historical Data

* Premium members only.

The historical data trend for Wharf Real Estate Investment Co's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Wharf Real Estate Investment Co Net Income Chart

Wharf Real Estate Investment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 563.02 -1,137.51 610.26 114.62 -547.12

Wharf Real Estate Investment Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 379.14 -134.70 249.96 -306.55 -237.89
WRFRF
67GF Score
Wharf Real Estate Investment Co Ltd WRFRF
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Wharf Real Estate Investment Co Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Wharf Real Estate Investment Co's Net Income for the fiscal year that ended in Dec. 2025 is calculated as

Net Income(A: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-397.388+-161.809+0+12.081
=-547

Wharf Real Estate Investment Co's Net Income for the quarter that ended in Dec. 2025 is calculated as

Net Income(Q: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-160.009+-81.097+0+3.213
=-238

Net Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-544 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of $-544 Mil mean?
Wharf Real Estate Investment Co (WRFRF) has a Net Income of $-544 Mil as of Dec. 2025. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Wharf Real Estate Investment Co and its competitors.
Is Wharf Real Estate Investment Co's Net Income too high?
Wharf Real Estate Investment Co's current Net Income is $-544 Mil. Overall, Wharf Real Estate Investment Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wharf Real Estate Investment Co's Net Income compare to CBRE and BEKE?
Wharf Real Estate Investment Co's Net Income of $-544 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Real Estate company?
A good Net Income depends on the Real Estate industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Wharf Real Estate Investment Co and its competitors. Wharf Real Estate Investment Co's current Net Income is $-544 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wharf Real Estate Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Wharf Real Estate Investment Co (WRFRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.09, compared to a current price of $2.70 — trading 12.6% below its estimated fair value. The current Net Income is $-544 Mil. Wharf Real Estate Investment Co's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Wharf Real Estate Investment Co (WRFRF), the current Net Income is $-544 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Wharf Real Estate Investment Co (WRFRF) Overvalued in 2026?

Based on GuruFocus' analysis, Wharf Real Estate Investment Co stock appears to be undervalued. The current stock price of $2.70 is trading 12.6% below its estimated GF Value™ of $3.09. GuruFocus considers Wharf Real Estate Investment Co to be Modestly Undervalued.

Key valuation signals for WRFRF:

  • Net Income: $-544 Mil
  • GF Value™: $3.09 vs. price of $2.70 (12.6% below fair value)
  • GF Score™: 67/100 with 3 warning signs

No single metric tells the full story. See the WRFRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wharf Real Estate Investment Co Business Description

Other Exchanges 01997:Hong Kong4WF:Germany
Address Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
Wharf spun off Wharf Real Estate Investment Co. in November 2017. It is a leading property investor with a focus on prime retail assets in Hong Kong. Rental income from flagship assets Harbour City and Times Square accounts for over 85% of revenue. The balance comes from Plaza Hollywood, The Murray, and Marco Polo hotels, and two offices in the central business district. The group also holds two malls in Singapore and a mixed development in Suzhou. Wharf was originally a shipping company but transformed into a property developer and investor in the 1960s by redeveloping its unused industrial assets, many located in city center and waterfront locations. The Harbour City site had been wharfs, and the Times Square site was a tram depot in the 1970s. Wheelock holds a 49% stake in the group.
67GF Score

Get the complete analysis for WRFRF

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.70
Price
$3.09
GF Value