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LMIRT
REITs
No distributions for $140 million perps says Lippo Malls Indonesia Retail Trust's manager
LMIRT's manager says it won't be paying distributions on its $140m of perps
March 20, 2023
Results
LMIRT's DPU stabilisies in 2Q but NAV declines as gearing inches higher
LMIRT's DPU stabilises but NAV continues decline while gearing inches higher
August 08, 2022
REITs
Moody's downgrades Lippo Mall Indonesia Retail Trust's debt to B2
Moody's downgrades Lippo Mall Indonesia Retail Trust to B2 from B1, and points out ICR is below the recommended 2.5x
June 22, 2022
REITs
LMIRT reopens 12 malls, resets perps because of challenges tapping bank debt and capital markets
LMIRT's manager, aware that it is unable to tap bank debt and capital markets, resets perps, and is likely to reopen 12 malls
August 18, 2021
REITs
The best and worst REIT transactions of 2020
We look at the three best and three worst REIT deals of 2020 based on accretion, sponsor support, quality of assets
December 18, 2020
REITs
REITs lean on unitholders for $1.7 bil of equity funding
When REITs acquire properties 'for growth' unitholders have to fund these acquisitions which are not always accretive.
September 25, 2020
REITs
Threats and opportunities in the S-REIT world
CapitaLand has been something of a spectator to the upheavals in the S-REIT sector in the past two years but the way in which their REITs are managed should be an example for other sponsors.
September 04, 2020
REITs
LMIRT’s latest acquisition costs more than its market cap and is probably not accretive
As at Aug 31, Lippo Mall Indonesia Retail Trust’s market capitalisation stood at a shade below $340 million. Also on Aug 31, the REIT manager made a bold announcement of an acquisition - to be sure its new flagship property - that bears a total cost of
August 31, 2020