The trusts’ net property income (NPI) for 2QFY2025 came in 1% y-o-y lower at $29.1 million, and down 1.7% y-o-y for the 1HFY2025 to $58.2 million. This is due to foreign exchange movements and higher property operating expenses associated with improved occupancy.
The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has reversed into earnings of $3.64 million for the 2QFY2025 ended June 30.
For the 1HFY2025, earnings came in at $23.02 million, also a reversal from the loss reported the same period a year ago.
