Summarecon (SMRA) Maintains Focus on Residential Assets Amid Positive Q3 Performance

Strong Marketing Sales Growth

PT Summarecon Agung Tbk (SMRA) is poised for improved performance driven by its residential asset portfolio. As of Q3 2025, the company has recorded Rp 3.57 trillion in marketing sales, representing 71% of its annual target of Rp 5 trillion. This achievement marks a significant 31% year-on-year growth in marketing sales. The strong performance is primarily attributed to land sales at Summarecon Serpong, which remains the largest contributor to the company's marketing sales.

Segment Performance and Future Outlook

The property development segment is expected to dominate the company's revenue structure, contributing approximately 70% of total income. The remaining 30% will come from recurring income streams. While specific guidance for 2026 has not been provided, pending finalization of the business plan, the current trajectory indicates continued focus on residential assets. The company's management remains cautiously optimistic about the apartment segment recovering, although it currently lags behind land sales.

Market Implications

The positive performance in marketing sales suggests that SMRA is on track to meet its 2025 targets. Analysts are monitoring the company's progress closely, particularly in balancing land sales with apartment sales. The strong contribution from Summarecon Serpong provides a solid foundation for the company's overall performance.