JustCo eyes more expansion, exits China and Indonesia
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CO-WORKING operator JustCo is planning to launch more centres in Asia-Pacific, after it hit a profitability milestone last August following a recovery in its markets.
JustCo, a GIC-backed company last valued at over US$1 billion, manages around two million square feet of space across nine cities.
It tracks its profitability using an Ebitda (earnings before interest, taxes, depreciation and amortisation) metric that accounts for lease payments to landlords – one of JustCo’s largest expenses.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
