WRFRF (Wharf Real Estate Investment Co) ROE %: -2.03% (As of Dec. 2025)


WRFRF Wharf Real Estate Investment Co Ltd WRFRF
70 GF Score
Price $2.70
GF Value $3.10
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Wharf Real Estate Investment Co ROE %?

Wharf Real Estate Investment Co WRFRF -6.90% 70 ROE % is -2.03% as of Dec. 2025. GuruFocus rates WRFRF with a GF Score™ of 70/100 and a GF Value™ of $3.10 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,732 Real Estate companies, Wharf Real Estate Investment Co ranks worse than 76.15% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Wharf Real Estate Investment Co's annualized net income for the quarter that ended in Dec. 2025 was $-476 Mil. Wharf Real Estate Investment Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was $23,477 Mil. Therefore, Wharf Real Estate Investment Co's annualized ROE % for the quarter that ended in Dec. 2025 was -2.03%.

The historical rank and industry rank for Wharf Real Estate Investment Co's ROE % or its related term are showing as below:

WRFRF' s ROE % Range Over the Past 10 Years
Min: -4.47   Med: 1.98   Max: 8.48
Current: -2.3

During the past 12 years, Wharf Real Estate Investment Co's highest ROE % was 8.48%. The lowest was -4.47%. And the median was 1.98%.

WRFRF's ROE % is ranked worse than
76.15% of 1732 companies
in the Real Estate industry
Industry Median: 3.98 vs WRFRF: -2.30

Wharf Real Estate Investment Co  (OTCPK:WRFRF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-475.786/23476.6285
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-475.786 / 1647.132)*(1647.132 / 29681.3115)*(29681.3115 / 23476.6285)
=Net Margin %*Asset Turnover*Equity Multiplier
=-28.89 %*0.0555*1.2643
=ROA %*Equity Multiplier
=-1.6 %*1.2643
=-2.03 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=-475.786/23476.6285
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-475.786 / -320.018) * (-320.018 / 1199.106) * (1199.106 / 1647.132) * (1647.132 / 29681.3115) * (29681.3115 / 23476.6285)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.4867 * -0.2669 * 72.8 % * 0.0555 * 1.2643
=-2.03 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Wharf Real Estate Investment Co ROE % Related Terms


Wharf Real Estate Investment Co ROE % Historical Data

* Premium members only.

The historical data trend for Wharf Real Estate Investment Co's ROE % 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 ROE % Chart

Wharf Real Estate Investment Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 -4.47 2.49 0.47 -2.30

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
ROE % 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 3.11 -1.11 2.08 -2.57 -2.03

WRFRF vs CBRE, BEKE, CSGP: ROE % Comparison

For the Real Estate Services subindustry, Wharf Real Estate Investment Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Wharf Real Estate Investment Co ROE % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Wharf Real Estate Investment Co's ROE % distribution charts can be found below:

* The bar in red indicates where Wharf Real Estate Investment Co's ROE % falls into.


WRFRF
70GF Score
Wharf Real Estate Investment Co Ltd WRFRF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Wharf Real Estate Investment Co ROE % Calculation

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

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=-547.116/( (24161.885+23352.997)/ 2 )
=-547.116/23757.441
=-2.30 %

Wharf Real Estate Investment Co's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=-475.786/( (23600.26+23352.997)/ 2 )
=-475.786/23476.6285
=-2.03 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -2.03% mean?
Wharf Real Estate Investment Co (WRFRF) has a ROE % of -2.03% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Wharf Real Estate Investment Co and its competitors. According to the industry distribution chart, Wharf Real Estate Investment Co ranks #1319 out of 1732 companies in the Real Estate industry, placing it in the top 76.2%.
Is Wharf Real Estate Investment Co's ROE % too high?
Wharf Real Estate Investment Co's current ROE % is -2.03%. Based on the distribution chart, Wharf Real Estate Investment Co ranks #1319 out of 1732 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Wharf Real Estate Investment Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wharf Real Estate Investment Co's ROE % compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Wharf Real Estate Investment Co ranks #1319 out of 1732 companies for ROE %. This places Wharf Real Estate Investment Co in the lower half of its industry. The industry median ROE % is 3.98. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Real Estate company?
The median ROE % among Real Estate companies is 3.98, based on 1,732 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Wharf Real Estate Investment Co and its competitors. For the Real Estate industry, the median ROE % is 3.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wharf Real Estate Investment Co's current ROE % is -2.03%. 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 $3.10, compared to a current price of $2.70 — trading 12.9% below its estimated fair value. The current ROE % is -2.03%. Wharf Real Estate Investment Co's overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Wharf Real Estate Investment Co (WRFRF), the current ROE % is -2.03% 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 12.9% below its estimated GF Value™ of $3.10. GuruFocus considers Wharf Real Estate Investment Co to be Modestly Undervalued.

Key valuation signals for WRFRF:

  • ROE %: -2.03%
  • GF Value™: $3.10 vs. price of $2.70 (12.9% below fair value)
  • GF Score™: 70/100 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.
70GF Score

Get the complete analysis for WRFRF

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

$2.70
Price
$3.10
GF Value