1. Indonesia Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
PT City Retail Developments Tbk

PT City Retail Developments Tbk

NIRO.JK
PT City Retail Developments TbkID flagIndonesia Stock Exchange
140.00
IDR
+9.00
- -
3.11TMarket Cap
PT City Retail Developments Tbk
NIRO.JK
(Indonesia Stock Exchange)

Recent

price

140.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
0.17
10.25
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
Revenue per Share
- -
0.01
2.69
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
Basic EPS, GAAP
- -
-6.1
-0.07
-3.48
-1.28
-12.79
-0.45
-6.89
-5.67
-7.68
-1.7
-2.32
-4.98
-1.59
-0.88
-0.45
-0.34
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
66.7
198.41
96.95
91.17
105.53
93.47
93.11
90.71
89.79
92.3
89.65
82.05
78.88
70.11
61.1
60.02
Book Value per Share
- -
66.82
199.99
97.79
91.97
137.11
133.65
164.17
274.76
288.93
295.44
288.12
272.94
260.41
237.65
214.98
211.35
Tangible Book Value per Share
- -
18,000
9,200
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
Basic Weighted Avg Shares
- -
3,099
94,276
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
Sales/Revenue/Turnover
- -
3.99
26.44
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
Operating Margin (%)
- -
76
514
730
- -
- -
2,177
3,953
11,146
11,308
17,543
17,295
17,019
19,218
20,477
22,606
21,891
Depreciation Expense
- -
108
24,769
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
Net Income, GAAP
- -
12.66
4.47
73.82
- -
- -
- -
89.11
- -
- -
0.43
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
3.49
26.27
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
Profit Margin (%)
1,056
437,412
510,030
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
Working Capital
- -
144,828
515,299
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
LT Debt
714
1,202,762
1,839,864
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
Total Equity
- -
0.01
1.2
0.62
- -
- -
- -
-0.01
- -
- -
0.07
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
0.01
1.23
0.55
- -
- -
- -
-0.29
- -
- -
1.61
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
0.02
1.64
0.35
-6.1
-1.75
-1.78
-0.38
-2.62
-1.02
2.85
-2.92
-8.85
-3.93
-11.77
-13.74
-13.59
Return on Common Equity (%)

Capital Structure

FRC

•

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

FRC

•

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

FRC

•

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
126.54%
-2.21%
-49.52%
Net Income, GAAP
17.22%
21.08%
2.78%
Sales/Revenue/Turnover
15.09%
23.75%
16.26%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
- -
- -
- -
-8.77
2025
-1.34
- -
- -
- -
-9.01
2026
-1.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Gujarat Credit Corporation Ltd. (GUJCRED.BO)
Pruksa Holding Public Company Limited (PSH.BK)
Peace & Living Public Company Limited (PEACE.BK)
Unitech Limited (UNITECH.NS)
MUGEN ESTATE Co.,Ltd. (3299.T)
Wanda Hotel Development Company Limited (0169.HK)
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.