Lippo Malls Indonesia Retail Trust’s 3Q Distribution Per Unit Rises 14.3%

Lippo Malls Indonesia Retail Trust’s 3Q Distribution Per Unit Rises 14.3%

LMIRT Management Ltd, the manager of Lippo Malls IndonesiaRetail Trust (“LMIR Trust” or the “Trust”), today announced a creditable set of results for the thirdquarter ended 30 September 2019 (“3Q 2019”).

Stable portfolio performance and an improving Indonesian Rupiah boosted LMIR Trust’s third quarter distribution per unit (“DPU”) to 0.56 Singapore cents, a 14.3% increase from 0.49 Singapore cents in the preceding quarter a year ago (“3Q 2018”). Income available for distribution to Unitholders also saw a 29.5% year-on-year (“YoY”) growth to S$18.0 million.

Read more…