DIRE CIPTADANA PROPERTI RITEL INDONESIA
IIDX:XCID44.00
IDR
+2.00
(+4.76%)
ISIN
IDX000000105
Return %
Stock
S&P 500
1Y
-13.73
14.20
3Y
-33.33
81.12
5Y
-47.62
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Rianty Komarudin
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Jakarta Indonesia
- Website
- ciptadana-am.com
- Similar Companies
- Business
- DIRE Ciptadana Properti Ritel Indonesia is an Indonesia-based real estate investment trust structured as a Collective Investment Contract (Kontrak Investasi Kolektif Dana Investasi Real Estat), primarily engaged in investing in, acquiring, developing, and managing income-generating commercial retail properties. Managed by PT Ciptadana Asset Management with PT Bank CIMB Niaga Tbk serving as custodian bank, the fund was established in 2012 and listed on the Indonesia Stock Exchange in 2013 as Indonesia's first publicly traded real estate investment trust, maintaining its headquarters in Jakarta, Indonesia. The trust generates revenue through long-term commercial real estate investments, property operations, and retail asset management. Its core operations and service offerings include the direct ownership and leasing of prime retail real estate assets; lease administration and tenant mix optimization for department stores, hypermarkets, specialty fashion retailers, entertainment centers, food and beverage establishments, and consumer service providers; marketing and short-term casual leasing for event spaces, promotion atriums, and commercial kiosks; comprehensive property maintenance, utility management, security, and facility operations; and regular cash income distribution to public participation unit holders, distributing at least 90 percent of statutory net investment income. The primary underlying physical asset in the trust portfolio is Solo Grand Mall, a prominent multi-storey shopping center located strategically in Surakarta (Solo), Central Java, catering to regional retail and consumer lifestyle markets. In recent developments, DIRE Ciptadana Properti Ritel Indonesia has focused on post-pandemic asset revitalization and commercial optimization, implementing proactive tenant retention programs, lease restructuring, and tenant mix rebalancing to drive shopper footfall and strengthen occupancy levels at Solo Grand Mall. The trust has also executed operational and infrastructure enhancements across its property asset, emphasizing energy-efficient facility systems, modernized tenant support services, and stringent operational cost controls to safeguard net operating income against macroeconomic shifts and interest rate fluctuations in the Indonesian retail property sector. PT Ciptadana Asset Management continues to manage liquidity, portfolio valuations, and distribution schedules in full accordance with Indonesian Financial Services Authority (OJK) regulatory frameworks.