For 1QFY2024, LMIRT announced rental revenue of $27.5 million, down 0.9% compared to the same period last year.
Lippo Malls Indonesia Retail Trust (LMIRT) (SGX:D5IU
) will not be paying any distributions per unit (DPU) for its 1QFY2024 ended March 31, the fifth consecutive quarter in which LMIRT will not be paying distributions to holders of its $140 million perpetual securities.
The REIT manager first announced the dividend stopper provisions in March last year. Under the provisions, unitholders will not receive any dividends, distributions or any other payment on the units or on the $120.0 million perpetual securities unless and until certain conditions are made.
