Hong Kong · Delayed Price · Currency is HKD Swire Properties Earnings Call Transcripts
Fiscal Year 2026
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Underlying profit rose 11% to HKD 4.9 billion, driven by strong residential and retail performance, while recurring profit surged 36%. Nearly 70% of the HKD 100 billion investment plan is committed, with robust progress in core markets and a decade of dividend growth.
Fiscal Year 2025
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Underlying profit rose 27% to HKD 8.62 billion, driven by asset disposals and resilient retail and office portfolios. Dividend increased 5% for the ninth consecutive year, with strong progress on the HKD 100 billion investment plan and robust sustainability achievements.
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Underlying profit rose 15% to HKD 4.42 billion, driven by Miami asset disposals, while recurring profit fell 4% due to Hong Kong office softness. Retail and Chinese mainland segments showed resilience, with strong liquidity, stable gearing, and continued dividend growth.
Fiscal Year 2024
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Recurring underlying profit fell 11% to HKD 6.5 billion, mainly due to lower Hong Kong office rental income and higher finance charges, while the dividend per share rose 5%. The company committed 67% of its HKD 100 billion investment plan, maintained strong occupancy, and advanced capital recycling and sustainability initiatives.
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Underlying profit for H1 2024 declined 1% to HKD 3.9 billion, with resilient performance in Chinese mainland retail and strong balance sheet metrics. A HKD 1.5 billion share buyback and 3% dividend increase were announced, while the investment pipeline remains robust despite market headwinds.