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LMIR Trust posts 18% drop in 1Q DPU to 0.55 cents

Stanislaus Jude Chan
Stanislaus Jude Chan4/22/2019 07:08 PM GMT+08  • 3 min read
LMIR Trust posts 18% drop in 1Q DPU to 0.55 cents
SINGAPORE (Apr 22): The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced distribution per unit (DPU) of 0.55 cent for the 1Q19 ended March, some 17.9% lower than DPU of 0.67 cent a year ago.
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SINGAPORE (Apr 22): The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced distribution per unit (DPU) of 0.55 cent for the 1Q19 ended March, some 17.9% lower than DPU of 0.67 cent a year ago.

Gross rental income fell 7.1% to $37.4 million in 1Q19, from $40.3 million a year ago.

The decline was due to lower rental income from Lippo Plaza Batu and Palembang Icon on the expiry of the master leases in July 2018, and the perennial weakening of the Indonesian Rupiah by 1.6% from 1Q18.

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