The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has declared distribution per unit (DPU) of 0.04 cents for the 4QFY2020 ended December, 92.3% lower than DPU of 0.52 cents for the corresponding period the year before.

FY2020 DPU stood 84.8% lower at 0.34 cents, from FY2019’s 2.23 cents.

Total gross revenue for the 4QFY2020 fell 60.7% y-o-y to $27.4 million due to discounts given to tenants on shorter opening hours amid Covid-19.

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