Lippo Malls Indonesia Retail Trust (LMIRT)

The manager adds that it is exploring options and measures to “maintain a sustainable capital structure”.

The trust says it will be extending rental waivers to tenants who are not permitted to operate during the closure period.

There is the temptation to overlook promises, but do not count on the odds to be always in your favour.

FY2020 DPU stood 84.8% lower at 0.34 cents, from FY2019’s 2.23 cents.

The final order book of the offering was 5.5 times over-subscribed and stood at US$1.1 billion from 109 investor accounts.

The distributions were scheduled to be paid on Dec 19.

Q-o-q, 3QFY2020 DPU fell 36.3%

The outlook on all ratings from LMIRT has been changed to rating under review, from negative, says the manager of LMIRT, on September 3.

The figure represents a 3.47% discount to the average of the two updated independent valuations, without vendor support, and an even more attractive 9.47% discount when vendor support is taken into consideration.

The manager of Lippo Malls Indonesia Retail Trust (LMIRT) reported a distribution per unit (DPU) of 0.11 cent for 2Q20 ended June, which slumped 81.7% from the 0.60 cent reported a year ago.