The REIT had paid a DPU of 0.09 cents in the corresponding quarter the year before.
Lippo Malls Indonesia Retail Trust (LMIRT) (SGX:D5IU
) will not be paying any distributions per unit (DPU) for the 1QFY2023 ended March 31.
The REIT manager, on March 20, announced that it will not be paying distributions to holders of its $140 million perpetual securities scheduled for March 27. As a result, the dividend stopper provisions under the perpetual securities are applicable, which means that its 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.
