The manager of LMIRT says that it believes that the aggregate leverage ratio of LMIRT as at Dec 31, 2024 will remain below 50%, or within the aggregate leverage limit.
Lippo Malls Indonesia Retail Trust (LMIRT) will potentially be unable to meet the minimum interest coverage ratio requirement of 1.5 times as required by the Monetary Authority of Singapore (MAS), it said in a release filed on the bourse on Jan 14.
LMIRT says that the main factors contributing to its interest coverage ratio falling below the minimum requirement of 1.5 times are non-operational accounting adjustments made to both the ebitda and interest expenses of LMIRT in the 2QFY2024 ended June 30, 2024 and 3QFY2024 ended Sept 30, 2024.
