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Agung Podomoro Land

PT Agung Podomoro Land Tbk is an Indonesian property development company in the form of a consortium of seven property developers. It focuses on acquiring land, developing real estate, selling and renting of land, buildings, apartments, shopping malls, and office space. Agung Podomoro group, its holding company, has been in the property business of Indonesia for more than 40 years.

The company is one of the largest real estate developers in Indonesia. At end 2012, it had 26 subsidiaries and two associate entities engaged in the property sectors of Jakarta, Karawang, Bogor, Bandung, Makassar, Balikpapan, Batam and Bali.

Profile

Industry Sector                          Property, Real Estate and Construction
Industry Sub Sector                   Property And Real Estate
Established                               30 July 2004
Listed                                       11 November 2010
Listed Company Code                APLN
Listed Shares                            20,500,900,000
Dividend                                    Yes
Major Shareholders (>5%)          Indofica (47.29%)
                                                Jaya Lestari Persada (14.68%)
                                                Simfoni Gema Lestari (5.07%)
Key Subsidiaries                        Kencana Unggul Sukses
                                                Intersatria Budi Karya Pratama
                                                Arah Sejahtera Abadi
                                                Brilliant Sakti Persada
                                                Buana Surya Makmur

Business Summary

PT Agung Podomoro Land Tbk is a leading integrated diversified real estate owner, developer and manager in Indonesia's retail, commercial, and residential real estate segments. It has an integrated property development model, from land acquisition and/or sourcing, to design and development, to project management, sales, commercial leasing and marketing, to the operation and management of superblock developments, shopping malls, offices, hotels, and residential apartments and houses. Some landmark projects include Senayan City, Podomoro City, and Kuningan City.

Since 1973, Agung Podomoro Land and its subsidiaries have completed or began construction of more than 70 property projects (including malls, apartments, hotels). Although the majority of projects are addressed to the middle class segments of Indonesia's society, its projects range from low-cost apartments to luxurious apartments in South Jakarta, and from the neighborhood mall to the elite mall.

Agung Podomoro Land was established in 2004 under the name of PT Tiara Metropolitan Jaya. In 2010, a corporate restructuring program was realized, through which six developers and their holding companies were transferred to the control of Tiara Metropolitan Jaya. In August 2010, the company's name was changed to Agung Podomoro Land.

Although the majority of its revenue is generated through property sales, Agung Podomoro is increasing the importance of recurring revenues towards total revenues. These recurring revenues come from the company's malls and hotels business segments. Recurring revenues increased to 16.8 percent in 2012 from 9.8 percent in 2011. The company targets to raise its share at least to 25 percent by 2015.

Source: http://www.indonesia-investments.com/news/todays-headlines/company-profile-agung-podomoro-indonesian-leading-property-developer/item722

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