1. Indonesia Stocks

  2. •

    Finance

  3. •

    Real estate development
PT City Retail Developments Tbk

PT City Retail Developments Tbk

IIDX:NIRO
138.00
IDR
-2.00
(-1.43%)
-22.49EPS
4.00TMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
13.93
12.97
25.23
11.88
17.16
20.77
23.09
23.84
33
40.92
51.6
58.79
68.35
70.97
Basic EPS, GAAP
0.34
-5.74
-1.68
-1.68
-0.35
-2.41
-0.92
2.59
-2.65
-7.6
-3.16
-8.77
-9.01
-8.75
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
102.46
96.43
97.08
95.3
94.79
104.02
105.36
107.87
105.24
97.65
94.46
85.64
76.77
75.34
Tangible Book Value per Share
102.46
96.43
97.08
94.99
94.28
103.31
104.27
106.47
103.83
96.3
93.28
84.62
76.09
74.74
Basic Weighted Avg Shares
18,922
18,922
20,015
22,199
22,199
22,199
22,199
22,199
22,199
22,199
22,199
22,199
22,199
22,199
Sales/Revenue/Turnover
263,490
245,386
505,051
263,634
380,880
461,094
512,516
529,195
732,651
908,454
1,145,465
1,305,019
1,517,185
1,575,532
Operating Margin (%)
23.21
4.95
2.53
-14.32
-0.5
3.41
12.61
1.15
14.28
15.38
21.49
20.05
22.82
23.07
Depreciation Expense
730
- -
- -
2,177
3,953
11,146
11,308
17,543
17,295
17,019
19,218
20,477
22,606
21,891
Net Income, GAAP
6,366
-108,599
-33,540
-37,227
-7,879
-53,412
-20,448
57,561
-58,919
-168,616
-70,255
-194,703
-200,110
-194,277
Effective Tax Rate (%)
73.82
- -
- -
- -
89.11
- -
- -
0.43
- -
- -
- -
- -
- -
- -
Profit Margin (%)
2.42
-44.26
-6.64
-14.12
-2.07
-11.58
-3.99
10.88
-8.04
-18.56
-6.13
-14.92
-13.19
-12.33
Working Capital
362,173
46,258
1,028,359
1,210,814
1,636,231
3,132,035
2,455,083
1,377,899
1,769,564
735,625
985,437
1,393,589
55,984
-266,524
LT Debt
636,174
555,488
119,364
509,013
850,725
747,606
1,057,146
2,561,863
4,128,193
4,528,919
5,565,987
7,016,069
6,399,039
6,296,525
Total Equity
1,850,291
1,740,261
2,744,334
2,973,682
3,655,734
6,115,016
6,438,320
6,589,326
6,427,222
6,088,949
5,806,885
5,298,169
4,787,287
4,705,079
Return on Invested Capital (%)
0.28
- -
- -
- -
0.16
- -
- -
4.02
- -
- -
- -
- -
- -
- -
Return on Capital (%)
0.55
- -
- -
- -
-0.29
- -
- -
1.55
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
0.35
-6.06
-1.72
-1.74
-0.37
-2.42
-0.88
2.43
-2.49
-7.49
-3.29
-9.74
-11.1
-11.02

Capital Structure

IDR

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
413,036
1,198,545
1,262,201
LT Borrowings
7,129,082
6,397,386
6,295,198
LT Finance Leases
1,441
1,653
1,327
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22,199
22,199
22,199
Market Capitalization
2,752,660
7,281,230
3,995,797

Working Capital

IDR

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
2,786,994
2,420,700
2,388,493
Cash, Cash Equivalents & STI
1,729,667
1,654,438
1,567,605
Accounts Receivable, Net
152,235
154,220
170,492
Inventories
62,025
62,065
60,205
Total Current Liabilities
1,539,909
2,364,716
2,655,017
Payables & Accruals
- -
- -
- -
ST Debt
413,036
1,198,545
1,262,201
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.55%
-6.15%
-9.64%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
17.22%
21.08%
2.78%
Sales/Revenue/Turnover
15.09%
23.75%
16.26%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
354,614
265,806
330,833
353,765
1,305,019
2025
353,064
374,542
381,197
408,382
1,517,185
2026
411,412
- -
- -
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
-1.47
- -
-7.29
-8.77
2025
-1.34
-1.76
-1.99
-3.93
-9.01
2026
-1.08
- -
- -
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Iwan Sanyoto
Full Time Employees
155
Sector
Finance
Industry
Real estate development
Address
Gedung Menara Jamsostek Jakarta JK Indonesia 12710
IPO Date
Sep 4, 2012
Website
cityretaildevelopments.com
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Business
PT City Retail Developments Tbk PT City Retail Developments Tbk (NIRO.JK) is an Indonesia-based property developer that owns, develops, and operates shopping malls, hotels, shophouses, and related real estate assets across Indonesia; its core offerings encompass shopping centers such as Cirebon CSB Mall, The Park Solo, and Citimalls, alongside hotel management, shophouse rentals, land lots, condotels, building construction, and investment activities primarily targeting urban and community markets in regions including Greater Jakarta, Java, Sumatra, and beyond. Founded in 2003 as PT Adipura Artha Pratama, renamed PT Nirvana Development in 2010, listed on the Indonesia Stock Exchange in 2012 following an initial public offering, and rebranded to its current name in 2018, the company is headquartered in South Jakarta at Gedung Menara Jamsostek, Menara Utara, 8th Floor, Jl. Jend. Gatot Subroto No. 38. In recent developments, its subsidiary PT Nirvana Wastu Pratama maintains a 2015 joint venture with Warburg Pincus, supporting portfolio growth to over 50 shopping malls and logistics assets exceeding 1 million square meters of gross floor area; the company pursues ongoing acquisitions and commercial operations of shopping centers, alongside subsidiary expansions into modern logistics warehouses such as cold storage facilities in Narogong and multi-tenant developments in Cakung and Cileungsi completed in 2025.