Lippo Malls Indonesia Retail Trust (LMIRT)

LMIRT declares DPU of 0.09 cents for 2Q21, sees growth on contribution from Puri Mall - THE EDGE SINGAPORE

Results

LMIRT declares DPU of 0.09 cents for 2Q21, sees growth on contribution from Puri Mall

The trust says it will be extending rental waivers to tenants who are not permitted to operate during the closure period.

Bonds and treasuries

Why bond covenants matter

There is the temptation to overlook promises, but do not count on the odds to be always in your favour.

Results

LMIRT sees 92.3% y-o-y plunge in 4Q20 DPU of 0.04 cents

FY2020 DPU stood 84.8% lower at 0.34 cents, from FY2019’s 2.23 cents.
LMIRT prices US$200 mil guaranteed senior notes with 7.5% coupon due 2026 - THE EDGE SINGAPORE

REITs

LMIRT prices US$200 mil guaranteed senior notes with 7.5% coupon due 2026

The final order book of the offering was 5.5 times over-subscribed and stood at US$1.1 billion from 109 investor accounts.
LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities - THE EDGE SINGAPORE

REITs

LMIRT elects not to pay distributions on the $120 mil 6.6% perpetual securities

The distributions were scheduled to be paid on Dec 19.
LMIRT's 3Q DPU plunges 87.5 to 0.07 cents - THE EDGE SINGAPORE

Results

LMIRT's 3Q DPU plunges 87.5 to 0.07 cents

Q-o-q, 3QFY2020 DPU fell 36.3%

REITs

Moody’s places Lippo Malls Indonesia Retail Trust’s ratings on review for downgrade

The outlook on all ratings from LMIRT has been changed to rating under review, from negative, says the manager of LMIRT, on September 3.

REITs

Lippo Malls Indonesia Retail Trust to acquire flagship asset for $330.2 mil

The figure represents a 3.47% discount to the average of the two updated independent valuations, without vendor support, and an even more attractive 9.47% discount when vendor support is taken into consideration.

Results

Lippo Malls Indonesia Retail Trust 2Q20 DPU plunges 81.7% to 0.11 cent

The manager of Lippo Malls Indonesia Retail Trust (LMIRT) reported a distribution per unit (DPU) of 0.11 cent for 2Q20 ended June, which slumped 81.7% from the 0.60 cent reported a year ago.

REITs

LMIRT will pay distributions for its $120 mil 6.6% perpetual securities; deposits $4.0 mil with Citibank for coupon payment

The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has announced Monday that it will be making the distribution payment according to the terms and conditions of the perpetual securities.
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