SMRA - Profiting from retail rentals

SMRA - Profiting from retail rentals Summarecon Agung (SMRA) reports a 20% yoy increase in income from the mall and retail sector, reaching IDR743 bn in 1H23, up from IDR619.29 bn. The property sector's performance is expected to remain positive, supported by steady rental income from mall occupancy, which has seen a 3.8% yoy increase in Jakarta. Positive prospects for the property sector are further supported by the projected Fed interest rate reduction next year and historical trends, with property experiencing a 30.81% increase in the six months leading up to the 2024 elections and a 21.6% increase before the 2019 elections. Furthermore, the property sector has already seen a 3.6% increase ytd. (Source: Kontan)