Welcome!
Lippo Malls Indonesia Retail Trust (LMIRT)
REITs
Foreign REITs continue to face challenges
LMIRT will not be paying distributions to perpetual security holders, triggering a dividend stopper (no DPU)
March 21, 2023
Broker's Calls
Fitch downgrades LMIRT’s rating to 'CCC'
The outlook on all ratings for the trust remains negative.
March 09, 2023
REITs
LMIRT awarded green building certification for Lippo Mall Puri and Sun Plaza
The certification is the first in LMIRT’s portfolio of malls.
February 15, 2023
REITs
LMIRT estimates aggregate leverage ratio to be at 44.6% as at Dec 2022
The manager adds that it is exploring options and measures to “maintain a sustainable capital structure”.
February 02, 2023
Results
LMIRT declares DPU of 0.09 cents for 2Q21, sees growth on contribution from Puri Mall
The trust says it will be extending rental waivers to tenants who are not permitted to operate during the closure period.
July 27, 2021
Bonds and treasuries
Why bond covenants matter
There is the temptation to overlook promises, but do not count on the odds to be always in your favour.
June 04, 2021
Results
LMIRT sees 92.3% y-o-y plunge in 4Q20 DPU of 0.04 cents
FY2020 DPU stood 84.8% lower at 0.34 cents, from FY2019’s 2.23 cents.
March 01, 2021
REITs
LMIRT prices US$200 mil guaranteed senior notes with 7.5% coupon due 2026
The final order book of the offering was 5.5 times over-subscribed and stood at US$1.1 billion from 109 investor accounts.
February 03, 2021
REITs
LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities
The distributions were scheduled to be paid on Dec 19.
December 15, 2020
