Fitch Downgrades Lippo Malls Indonesia Retail Trust’s Rating to “CCC” March 11, 2023 – Fitch Ratings has downgraded Lippo Malls Indonesia Retail Trust’s (LMIRT) Long-Term Issuer Default Rating (IDR) to ‘CCC’, from ‘CCC+’. Fitch has also downgraded the rating on LMIRT’s senior unsecured notes due 2024 and 2026 to ‘CCC’, from ‘CCC+’, with the Recovery …
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Moody’s Downgrades Lippo Malls Indonesia Retail Trust’s Rating To Caa1 From B3 Feb 14, 2023 – Moody’s had downgraded LMIRT’s rating to Caa1, the manager of the REIT said in a statement. “As previously announced on 3 January 2023 and on 1 February 2023, the Manager continues to explore options and measures to maintain a …
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MARKET TALK: Lippo Malls Indonesia Retail Trust – a spate of negative reviews, but is the stock oversold? Jan 5, 2023 – A series of credit rating downgrades have hit Lippo Malls Indonesia Retail Trust (LMIRT) in the past six months. Fitch recently downgraded LMIRT to ‘B-‘with a negative outlook in November 2022, just four …
Fitch, Moody’s Downgrade Lippo Mall Indonesia Retail Trust’s Rating Nov 19m 2022 – Moody’s Investors Service has downgraded the corporate family rating of LMIR Trust and the backed senior unsecured bond issued by LMIRT Capital Pte. Ltd., a wholly-owned subsidiary of LMIR Trust, to B3 from B2. The outlook on all ratings remains negative. The …
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LMIR Trust Reports Q3 Net Income Growth, DPU Unchanged Nov 9, 2022 – Lippo Malls Indonesia Retail Trust (LMIR Trust) reported rental revenue and gross revenue growth of 68.6% and 67.4% year-on-year to S$29.9 million and S$51.7 million respectively, for the third quarter ended September 30, 2022 (Q32022). Net property income for the period was up …
LMIR Trust Reports Q3 Net Income Growth, DPU Unchanged Read More »
Lippo Malls Indonesia Retail Trust Manager Obtains New S$30 Million (US$ 730,000) Loan Facility August 19, 2021 – Lippo Malls Indonesia Retail Trust (LMIRT) Management Ltd., as manager of LMIRT, announced that Perpetual (Asia) Limited – in its capacity as trustee of LMIR Trust – has obtained a committed S$30 million (US$730,000) revolving loan facility from Barclays …
Lippo Malls Indonesia Retail Trusts Announces Closure of Malls Affected By Renewed Restrictions July 12, 2021 – Lippo Malls Indonesia Retail Trust announced that in compliance with the Indonesia government’s Pemberlakuan Pembatasan Kegiatan Masyarakat (PPKM) Darurat, emergency public activity restrictions to curb the spread of Covid-19, which has now been extended to the Medan region, LMIR Trust …
Lippo Malls Indonesia Retail Trust Extends Temporary Closure of Malls and Reopens Lippo Plaza Kendari May 25, 2020- LMIRT Management Ltd, the manager of Lippo Malls Indonesia Retail Trust, today announced that in respect of the large-scale social restrictions imposed by the Indonesia Health Ministry across various provinces, LMIR Trust will be extending the temporary …
First REIT Extends Temporary Closure Of Lippo Plaza Kupang and Lippo Plaza Buton Except For Essential Services April 14, 2020- The Board of Directors of Bowsprit Capital Corporation Limited, in its capacity as manager of First Real Estate Investment Trust, refers to the announcement on 31 March 2020 relating to the temporary closure of: (1) …
Lippo Malls Indonesia Retail Trust Extends Temporary Closure Of Malls Except For Essential Services April 10, 2020- LMIRT Management Ltd (the “REIT Manager”), the manager of Lippo Malls Indonesia Retail Trust (“LMIR Trust” or the “Trust”), would like to announce that in respect of the latest announcement b the Indonesian government declaring a Covid-19 public …