SMRA – Slight increase in 1Q23 revenue

Summarecon Agung (SMRA) recorded an increase in revenue of 2.02% yoy to IDR1.49 tn in 1Q23. The increase was contributed by investment property revenue which surged 27% yoy to IDR394.9 bn. SMRA's improved performance was also supported by the improvement in the national economy due to the recovery of post-covid-19 pandemic activities. The level of public visits to Summarecon Mall is also very od, recorded tenant occupancy at Summarecon Mall is 90%. (source : kontan)