PT Adhi Commuter Properti Reports Earnings Results for the Full Year Ended December 31, 2022

PT Adhi Commuter Properti, Tbk. is an Indonesia-based mass transportation-based property developer. The Company's segments include Real Estate Property, Hotel and Rent. The Company has developed various transit-oriented development (TOD) brands, such as LRT City, Member of LRT City and Adhi City. Adhi City focuses on high-rise buildings and landed houses, which are located around the business center and various supporting facilities that are integrated with the light rapid transportation (LRT) station. LRT City focuses on integrated mixed development that is directly connected to the LRT station. Members of LRT City focus on high-rise housing that is integrated with non-LRT mass transportation such as bus rapid transit (BRT) and commuter lines. Its Hotel GranDhika Indonesia brand is engaged in building and managing a hotel network all across various cities in Indonesia, including Hotel GranDhika Iskandarsyah Jakarta, Hotel GranDhika Pemuda Semarang and Hotel GranDhika Setiabudi Medan.