Additionally, with 5.0% YoY depreciation in Singapore dollar (“SGD”) against the Indonersian rupiah, the REIT's rental and gross revenue in the reporting currency fell by 4.7% and 3.6% to $26.7 million and $48.0 million respectively.
Lippo Malls Indonesia Retail Trust (LMIRT) has reported gross revenue of IDR574.5 billion ($48 million) for 3QFY2024 ended September, up 2.6% y-o-y. Rental revenue similarly rose by 1.4% y-o-y to IDR320.5 billion for the same period, due to positive rental reversion.
Meanwhile, net property income (NPI) for 3QFY2024 stood at IDR43.3 billion, declining slightly by 0.5% y-o-y. This was due to marginally higher property operating expenses.
