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REITs
LMIRT’s rating downgraded to ‘C’ by Fitch
The trust’s senior unsecured notes due in 2024 and 2026 have also been downgraded to ‘C’.
January 26, 2024
REITs
LMIRT initiates tender offers for senior notes due 2024 and 2026
The offer is valid till 4pm on Jan 24 (London time) or at 12am on Jan 25 (Singapore time).
January 16, 2024
REITs
Lippo Mall Indonesia Retail Trust sees aggregate leverage increase to 44.3%
The increased aggregate leverage was mainly due to a decline in the indicative portfolio valuations of its investment properties.
January 04, 2024
REITs
Fitch downgrades LMIRT’s rating to ‘C’
The downgrade comes after LMIRT announced that the tender offer for its senior unsecured notes due in 2024 and 2026 would proceed.
January 02, 2024
REITs
LMIRT renews master property management agreement with manager of Indonesian properties
The agreement is for a term of 22 months starting from Nov 14.
November 10, 2023
Results
No DPU for Lippo Malls Indonesia Retail Trust in the 1QFY2023
LMIRT says it has taken “prudent measures” to stabilise the trust as it focuses on addressing its debt obligations.
April 27, 2023
REITs
Simple solutions for these two REITs
To recapitalise these 2 REITs, a dilutive EFR is necessary with a placement, rights, or combination coupled with divestments
March 30, 2023
REITs
Foreign REITs continue to face challenges
LMIRT will not be paying distributions to perpetual security holders, triggering a dividend stopper (no DPU)
March 21, 2023
Broker's Calls
Fitch downgrades LMIRT’s rating to 'CCC'
The outlook on all ratings for the trust remains negative.
March 09, 2023
REITs
LMIRT awarded green building certification for Lippo Mall Puri and Sun Plaza
The certification is the first in LMIRT’s portfolio of malls.
February 15, 2023