PT Pakuwon Jati Tbk (PWON) is expected to maintain resilient performance through 2027, supported by recurring income from its malls, hotels, and office leasing portfolio. High interest rates remain a key risk to marketing sales, potentially weakening consumer purchasing power and property demand. However, PWON’s large recurring-income contribution provides greater earnings stability compared with developers that rely heavily on residential sales. This defensive income structure is seen as a key buffer amid a prolonged higher-for-longer interest rate environment.