Welcome!
Lippo Mall Indonesia Retail Trust (LMIRT)
Results
LMIRT delivers ‘stable’ y-o-y performance in 3QFY2024, gross revenue up 2.6% y-o-y
Rental revenue similarly rose by 1.4% y-o-y to IDR320.5 billion for the same period.
October 29, 2024
Company in the news
LMIRT enters rental scheme agreements to expand on-grid PV solar power installation
Under these agreements, on-grid PV solar power systems are set to be installed at three of LMIRT’s malls.
September 18, 2024
Property
Moody’s to withdraw Lippo Malls Indonesia Retail Trust’s credit ratings
Prior to the withdrawal, the REIT says that the outlook on all ratings were “stable”.
September 17, 2024
Results
LMIRT announces 9.2% y-o-y decline in 2QFY2024 NPI
LMIRT has largely transited into an Indonesian rupiah-denominated financing structure.
July 29, 2024
Broker's Calls
Fitch downgrades LMRIT to ‘C’ rating; removes rating watch negative
This comes alongside the removal of all ratings from Rating Watch Negative, as at July 1.
July 17, 2024
Broker's Calls
Fitch places LMIRT’s ‘CCC’ rating on rating watch negative
In its report, Fitch notes that LMIRT’s proposed tender offer and consent solicitation constitute a distressed debt exchange.
July 03, 2024
REITs
Lippo Mall Indonesia Retail Trust gets a lifeline but ...
LMIRT's IDR2.5 trillion lifeline subject to a consent solicitation exercise
December 12, 2023
REITs
Fitch downgrades Lippo Karawaci as it prioritises LMIRT’s refinancing
Fitch downgrades Lippo Karawaci as LPKR says it will introduce LMIRT to its own banks
November 21, 2023
Results
Dividend dry spell continues for Lippo Malls Indonesia Retail Trust in 3QFY2023
For 3QFY2023, LMIRT announced rental revenue of $28.1 million, down 6.2% compared to last year.
November 09, 2023
REITs
Fitch downgrades LMIRT's rating to 'CCC-'
The downgrade reflects material delays in the refinancing of LMIRT's term loans due in Nov 2023 and Jan 2024.
April 06, 2023