Lippo Mall Indonesia Retail Trust (LMIRT)

LMIRT enters rental scheme agreements to expand on-grid PV solar power installation - THE EDGE SINGAPORE

Company in the news

LMIRT enters rental scheme agreements to expand on-grid PV solar power installation

Under these agreements, on-grid PV solar power systems are set to be installed at three of LMIRT’s malls.
Moody’s to withdraw Lippo Malls Indonesia Retail Trust’s credit ratings  - THE EDGE SINGAPORE

Property

Moody’s to withdraw Lippo Malls Indonesia Retail Trust’s credit ratings

Prior to the withdrawal, the REIT says that the outlook on all ratings were “stable”.

Results

LMIRT announces 9.2% y-o-y decline in 2QFY2024 NPI

LMIRT has largely transited into an Indonesian rupiah-denominated financing structure.

Broker's Calls

Fitch downgrades LMRIT to ‘C’ rating; removes rating watch negative

This comes alongside the removal of all ratings from Rating Watch Negative, as at July 1.
Fitch places LMIRT’s ‘CCC’ rating on rating watch negative - THE EDGE SINGAPORE

Broker's Calls

Fitch places LMIRT’s ‘CCC’ rating on rating watch negative

In its report, Fitch notes that LMIRT’s proposed tender offer and consent solicitation constitute a distressed debt exchange.
Lippo Mall Indonesia Retail Trust gets a lifeline but ... - THE EDGE SINGAPORE

REITs

Lippo Mall Indonesia Retail Trust gets a lifeline but ...

LMIRT's IDR2.5 trillion lifeline subject to a consent solicitation exercise

REITs

Fitch downgrades Lippo Karawaci as it prioritises LMIRT’s refinancing

Fitch downgrades Lippo Karawaci as LPKR says it will introduce LMIRT to its own banks

Results

Dividend dry spell continues for Lippo Malls Indonesia Retail Trust in 3QFY2023

For 3QFY2023, LMIRT announced rental revenue of $28.1 million, down 6.2% compared to last year.

REITs

Fitch downgrades LMIRT's rating to 'CCC-'

The downgrade reflects material delays in the refinancing of LMIRT's term loans due in Nov 2023 and Jan 2024.
Moody's downgrades Lippo Mall Indonesia Retail Trust to Ca1 from B3 - THE EDGE SINGAPORE

REITs

Moody's downgrades Lippo Mall Indonesia Retail Trust to Caa1 from B3

Moody's downgrades Lippo Mall Indonesia Retail Trust
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