Lippo-Mapletree Indonesia Retail (LMIR) Trust has announced a distributable income of $11.2 million for the three months ended June 30, 2010 (2Q 2010), equating to DPU for 2Q 2010 of 1.04 cents and an annualised yield of 9.4% based on the closing price on June 30, 2010.

Total gross revenue of $40.1 million for 2Q 2010 was 91.7% higher compared to 2Q 2009, mainly as a result of additional contributions from service charges receipt and utilities cost recovery since January.

Net Property Income of $21.6 million for 2Q 2010 is 17.1% above 2Q 2009, despite assuming the maintenance and operating costs since January 2010;

LMIR Trust is a Singapore-based real-estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes.

LMIR Trust’s asset portfolio comprises eight retail mall properties and seven retail spaces located within other retail malls in Indonesia. The properties have a total Net Lettable Area of 403,556 sqm and total valuation of $1,056 million.

Tenants include leading domestic names such as Matahari, Centro, Giant Hypermarket, as well as international specialty tenants such as Fitness First, Starbucks and Ace Hardware.