SGX Listed REIT

LIPPO MALLS INDO RETAIL TRUST (SGX:D5IU)


SGD 0.197
+0.001 / +0.51%
Share Price as of: 2019-03-22 17:06
Market / ISIN Code: SGX Mainboard / SG1W27938677
GICS® Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs


Lippo Malls Indonesia Retail Trust Blogger ArticlesLIPPO MALLS INDO RETAIL TRUST Blogger Articles SGX Listed LIPPO MALLS INDO RETAIL TRUST (SGX:D5IU) Blogger Articles D5IU.SI Blogger Articles
A Path to Forever Financial Freedom (3Fs)
B
2019-03-21 13:04:07
Mar 19 - Portfolio & Networth Update
No.  Counters No. of Shares Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. Starhill Reit 377,000 0.70 263,900.00 29.0% 2. Vicom   31,300 6.48 202,824.00 22.0% 3. Netlink Trust 236,000 0.795 187,620.00 21.0% 4. First Reit 152,000 0.995 151,240.00 17.0% 5. Manulife Reit   81,000 US$0.85   92,759.00 11.0% 6. Hobee Land        300 2.51        753.00   1.0% 7. Warchest     1,000     1,000.00   1.0% Total 900,096.00 100% Earnings season is finally over so we are back to this muted season where the share price is just gyrating along with the overall trend of the market.I've ma
To make money. To build wealth. To preserve wealth.
sgwealthbuilder
2019-03-19 09:08:05
Lippo Malls Indonesia Retail Trust in dark chapter
Trouble come in troops for Lippo Malls Indonesia Retail Trust, which reported a set of terrible FY2018 financial results on 22 February 2019. Distribution per unit (DPU) for FY2018 dropped by a whopping 40.4% to 2.05 cents on the back of weakening Indonesian rupiah, new tax regulation and increased total operating expenses. It was certainly a revelation for Lippo Malls Indonesia Retail Trust investors for the past one year! For those investors who bought Lippo Malls Indonesia Retails Trust at IPO price of $0.80 in 2007 and hold it till now, they would be staring at massive paper losses even if total DPU had been factored in. This is because the unit price has free fell to a dismal level of $0.192. For sure, it had been a roller-coaster ride for unitholders of Lippo Malls Indonesia Retail
Investment Moats
Kyith
2019-03-18 07:34:15
Lippo Malls Indonesia Retail Trust (LMIR)’s Lippo Mall Puri Purchase is Organically Not Accretive in an Obscene Way
I do not understand this acquisition by LMIR.   They currently have a dividend yield of 10%. Then they proposed to buy this mall which will reduce their dividend yield. I did some notes for a friend, so I thought I will put it out here. For those who are invested in real estate investment trusts (REITs), the company not just pays you dividends. Sometimes they do ask for money from you again. And again. So you got to be familiar with all these rights issues, placements, preferential offerings. If you don’t learn about this, better not invest in REITs. Lippo Malls Indonesia Retail Trust (LMIR) proposed to spend S$430 mil to acquire Lippo Mall Puri, a shopping center located in Jakarta. The shopping center was bought from PT Mandiri Cipta Gemilang, which is an indirectly wholl
Investment Moats
Kyith
2019-03-17 17:59:19
Did I (and Lippo Malls Retail Trust’s Manager) used a Distributable Income that is Too Optimistic?
So after I wrote the Lippo Malls Retail Trust Proposed Purchase of Puri article, some more astute readers in the REIT Telegram group commented that their latest distributable income is much much lower than previous quarter. Indeed they are right.  Figuring out these rights issue stuff is rather challenging so I based a lot of my figures on the guidance in the announcement. They used a distributable income and so I based my analysis off it.  Totally didn’t check if that income is sustainable. And that really impacts because for the past years, LMIR’s cash flows have been volatile.  Their Q4 DPU is 0.30 cents so if we annualized it, its 1.20 cents. If we take it that LMIR operations do not improve, and conservatively they can at most pay out this amount, then the d
Aspire
Lim Si Jie
2019-03-08 14:11:18
REIThinking Your Investment Strategy
After steadily raising interest rates for the past 2 years, the Fed is indicating that it could take a pause from more interest rate hikes. The officials are signalling that they will wait and monitor the market before deciding whether the economy is strong enough for another rate hike. With interest rate risk deflating and the flight to safety trend, most S-REITs are showing significant positive return over end-2018 share price. KGI notes that this will continue to be the dominant trend moving forward. As such, despite recent capital gains, KGI believes that the current valuation of S-REITs is still moderately attractive for investors to enter into S-REIT investments. KGI: Ranking S-REITs On 4 Investment Criteria To help investors decipher which S-REITs to invest in, KGI categorised the S
My Stocks Investing Journey
Marubozu
2019-03-06 21:56:17
Singapore REIT Fundamental Analysis Comparison Table – 4 Mar 2019
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) continued the bullish rally raising from 832.03 to 842.91 (+1.31%) as compared to last post on Singapore REIT Fundamental Comparison Table on Feb 4, 2019. The REIT index retraced and successfully tested the 820 resistance-turned-support to continue the uptrend. In addition, this bullish uptrend is supported by a strong volume.   Based on the current chart pattern and trend analysis, the trend for Singapore REIT direction is UP!  There is a chance for Singapore REIT index to test the immediate resistance at about 875 (the previous high in 2018) based on current market sentiment and bullish momentum. This represents another 4% upside potential from current level before t
DollarsAndSense.sg
Dinesh Dayani
2019-03-06 10:17:57
S-REIT Report Card: Here’s How Singapore REITs Performed In FY2018
The US Federal Reserve has indicated that 2019 will likely see slower interest rate hikes. This comes on the back of mounting macroeconomic uncertainties, that has seen investors turn to less risky investments. This may benefit REITs in three ways: # 1 Traditionally, REITs take on a lot of debt to fund its capital-intensive property investments. Slower interest rate hikes in 2019 will ease the growing pressure on REITs, in terms of debt repayment. # 2 Markets are efficient – which means that prices of REITs would have taken into consideration that rate hikes would continue as normal. This stance of slowing down the interest rate hikes in 2019 is new information for the market, and may give REITs a boost. (Do note that most of this new information should already be priced into the markets
The Motley Fool Singapore
David Kuo
2019-02-23 09:28:23
Lippo Malls Indonesia Retail Trust’s Latest Earnings: Sharp Drop In DPU
Lippo Malls Indonesia Retail Trust (SGX: D5IU) reported its 2018 full-year earnings, on Friday 22 February. As a quick introduction, Lippo Malls Indonesia Retail Trust is a REIT with a portfolio of 23 retail malls and seven retail spaces across Indonesia. Here are nine things investors should know about the REIT’s latest results: Gross revenue for the year increased 16.4% to S$230.3 million, while its net property income declined by 10.5% to S$164.9 million. Gross revenue increased on the back of the collection of service and utilities recovery charges from tenants. The huge drop in net income was attributed to three reasons: 1) A significant weakening of the Indonesian rupiah, 2) New tax regulations that mandate a 10% tax on service and utility recovery charges and 3) Increase in total
The Motley Fool Singapore
Lawrence Nga
2019-02-23 08:33:33
10 Quick Things Investors Should Know About Wilmar International Limited’s Latest Earnings
On Thursday, Wilmar International Limited (SGX: F34) released its 2018 fourth-quarter earnings update. Wilmar is an agricultural company that operates through four main segments: tropical oils, oilseeds and grains, sugar, and other. Here are 10 things investors should know about Wilmar’s latest results: Revenue for the quarter fell by 3.0% to US$11.1 billion. Gross profit was down by 8.8% to US$975.1 million. EBITDA (earnings before interest, taxes, depreciation, and amortisation) declined by 8.0% to US$774.1 million. Net profit for the quarter plunged 52.9% to US$200.9 million. Core net profit fared better, down by “only” 10.3% year on year to S$334.7 million. The conglomerate’s gross margin declined from 9.3% last year to 8.8% this quarter. Similarly, its EBITDA margin fell fro
My Stocks Investing Journey
Marubozu
2019-02-04 12:45:25
Singapore REIT Fundamental Analysis Comparison Table – 4 Feb 2019
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) had a huge rally last month from 777.45  to 832.03 (+7.00%) as compared to last post on Singapore REIT Fundamental Comparison Table on Jan 1, 2019. The REIT index broke out from an down trend channel and critical resistance at 800, and reversed to an uptrend with spike in volume just in 1 month! This bull’s move was fast and furious! Most investors were not able to capture this large bullish move if they were not watching the stock market every day. Based on the current chart pattern and trend analysis, the trend for Singapore REIT direction is UP!  There is a chance for Singapore REIT index to test the immediate resistance at about 875 (the previous high in 2018) b
My Stocks Investing Journey
Marubozu
2019-01-01 23:10:24
Singapore REIT Fundamental Analysis Comparison Table – 1 Jan 2019
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 783.05  to 777.45 (-0.72%) as compared to last post on Singapore REIT Fundamental Comparison Table on Dec 3, 2018. Currently the index is trading in a down trend channel and testing a Resistance Turned Support at about 774. If this support holds, the REIT index will be moving side way in a consolidation range. Based on the current chart pattern and trend analysis, the trend for Singapore REIT direction SIDE WAY to DOWN! The REIT index will be capped by the immediate resistance at about 800 which is the 200D SMA resistance and also the round number.   Fundamental Analysis of 39 Singapore REITs The following is the compilation of 39 REITs in Singapore a
The Motley Fool Singapore
Sudhan P.
2018-12-31 09:56:29
3 Cheapest REITs in Singapore Right Now
From the start 2018 till Friday (28 December), the FTSE ST Real Estate Investment Trusts Index has fallen around 9%. Some of the index components, however, have tumbled much more than the index. The steep price falls have made those real estate investment trusts (REITs) more attractive in terms of their valuations than before. With that, let’s look at three of the cheapest REITs in Singapore currently (data as of 28 December 2018). REIT #1 OUE Commercial Real Estate Investment Trust (SGX: TS0U) is the first REIT to be featured. The REIT has a portfolio comprising of four commercial properties located in Singapore and Shanghai, China. In Singapore, the REIT’s assets are OUE Bayfront, One Raffles Place (a 67.95% effective interest), and the office components of OUE Downtown. Revenue for
The Motley Fool Singapore
Jeremy Chia
2018-12-14 14:10:25
The Top 3 Yielding REITs in Singapore Now
Last month, investors in Singapore saw one of the steepest sell-offs of a real estate investment trust (REIT) in recent memory. First Real Estate Investment Trust (SGX: AW9U) slid more than 10% in just two days as reports about the financial health of its main tenant, Lippo Karawaci Tbk PT spooked investors. REITs are often considered more stable investments than stocks because their rental income is usually more consistent and they tend to have fewer business risks than traditional companies. Because of these reasons, a large decline in a REIT’s unit price, such as First REIT’s, is a rare occurrence. That being said, the decline in price now means that investors who are willing to take some risks with First REIT can buy in at a much lower price. As the yield of a REIT is a function
The Motley Fool Singapore
Lawrence Nga
2018-12-13 10:53:16
These 2 REITs Have Distribution Yields Of More Than 8% Now
Real estate investment trusts, or REITs, are popular investment choices in the Singapore stock market. That’s because REITs tend to have high distribution yields due to their need to distribute at least 90% of their taxable income to unitholders in order to enjoy tax transparency. In this article, I would like to share with you two REITs that are trading at high yields of more than 8%. Source: SGX StockFacts We will start with Dasin Retail Trust (SGX: CEDU) or DRT. As a quick introduction, DRT is the only China retail property trust providing direct exposure to the Pearl River Delta region. Listed in January 2017, DRT’s property portfolio comprises of four retail malls located in Zhongshan City, Guangdong, China. For the quarter ended 30 September 2018, DRT reported that gross revenu
My Stocks Investing Journey
Marubozu
2018-12-09 13:47:11
Singapore REIT Fundamental Analysis Comparison Table – 3 Dec 2018
Technical Analysis of FTSE ST REIT Index (FSTAS8670) FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) increased from 767.98  to 783.05 (+1.96%) as compared to last post on Singapore REIT Fundamental Comparison Table on Nov 5, 2018. Currently the index is trading in a down trend channel after finding a short term support around 760. This support was tested on 4 occasions since mid Oct. Currently the REIT index moves above the 20D and 50D SMA indicates short term bullishness. There may be a chance the REIT index enters into side way consolidation mode based on chart pattern. Based on the current chart pattern and trend analysis, the trend for Singapore REIT direction SIDE WAY to DOWN! The REIT index will be capped by the immediate resistance at about 800 which is the 200D SM
DollarsAndSense.sg
Dinesh Dayani
2018-12-03 23:44:28
S-REIT Report Card: Here’s How Singapore REITs Performed In Third Quarter 2018
Against the backdrop of a rising interest rate environment, REITs seem to be one of the obvious losers. This is because REITs are asset-heavy investments that require high levels of leverage, borrowing substantial amounts of money to purchase properties that they subsequently rent out. Read Also: Increasing Interest Rates In 2018: Here Are 4 Ways Singaporeans Will Be Affected In Singapore, there are currently 39 listed REITs and a further nine business trusts (of which six are property related). On average, they have a debt to asset ratio of just under 35%. With rising interest rates, REITs will have to fork out more in interest payment, potentially reducing the distributions they can pay to investors. How REITs Have Performed In YTD 2018 To gauge the performance of REITs in 2018, we can l
The Motley Fool Singapore
Jeremy Chia
2018-11-20 10:19:40
Why Did First Real Estate Investment Trust’s Unit Price Plunge Yesterday?
First Real Estate Investment Trust (SGX: AW9U), which specialises primarily in healthcare-related properties such as nursing homes and hospitals, plunged more than 7% yesterday. The sudden decline in price may seem strange, considering that First REIT recently reported higher distribution per unit for its most recent quarter. One reason that could be impacting First REIT’s unit price is the downgrading of the credit rating of Lippo Karawaci, First REIT’s sponsor, key tenant, and main revenue contributor. Troubles at its main revenue contributor and sponsor Lippo Karawaci’s credit rating was downgraded by Fitch (one of the three major credit rating agencies) by two notches. Its long term foreign and local currency issuer default ratings was reduced from B to CCC+, as Fitch
Investment Moats
Kyith
2018-11-13 00:58:24
This Keppel KBS US REIT Rights Issue and Withholding Tax Debacle
One of the most traumatizing experience for shareholders of Keppel KBS REIT was the announcement of the acquisition of Westpark Portfolio in Redmond. Keppel KBS is a Singapore listed real estate investment trust (REIT) which owns 11 office assets in 7 key regional markets in the USA. Westpark is a portfolio of 21 buildings located in the Redmond area, most famous for being where the original Microsoft resides. Keppel KBS proposed to acquire this portfolio for US$170 mil. By all accounts for their first acquisition, things should not be so traumatizing. I am not sure if its due to the rather negative overall market sentiments or what but the share price of Keppel KBS have fell 23% since the announcement of the acquisition. At one point it was 3 cents away from the price the rights was price
My Weekend Investment
roland
2015-01-03 18:58:13
7 REITs are in my watch-list and am aiming to buy one of them
Happy New Year to all my readers! It has been a very fruitful year for me. My reader base is growing nicely (thanks for all of your support!) and is excited about the up coming Personal Investment Seminar in January. In my New Year’s resolution, I will put “More regular update to blog” as one of my action item for 2015. Hope to continue to get your support. 7 Singapore REITs that made it to my watch list For the readers that have read my earlier posts, they will know that I like to use % dividend Yield over Price/NAV ratio as my main filtering criteria for potential REITs counter to buy. Followed by other criteria like Debt to equity ratio etc. If you want to revisit, you can click here. This time round, it is no exception. Here are the top 7 the made my cut: Dark green





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