MOODY’S Investors Service has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) from B1 to B2, it said on Wednesday (Jun 22).

"The downgrade reflects our expectations that LMIRT's credit metrics will remain weak despite improving operating environment in Indonesia as restrictions ease. Rising interest rates also heighten risks that the trust's interest coverage will further weaken given its high proportion of floating-rate...

On June 9, Moody's Investors Service warned that Indonesia is facing a heightened risk of rupiah depreciation due to rising foreign capital outflows – a credit negative for rated Indonesian developers as most of their debt is in US dollars. Most developers' financial hedges have reduce...

REITs’ unit prices are affected by a myriad of factors. For investors and market watchers who wonder why REITs’ price to net asset value ratios (P/NAV) vary between more than 2x for ParkwayLife REIT (PLife REIT) to 0.53x for Lippo Mall Indonesia REIT (LMIRT) and BHG Retail REIT, look no further ...

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 4):

THE manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) on Friday (Apr 29) reported distribution per unit (DPU) of S$0.0009 for the first quarter ended March, up 12.5 per cent from DPU of S$0.0008 in the corresponding quarter a year ago.

“There is market expectation that perps in the capital structure should not be more than 20%. We usually cap the amount of perps because they rank ahead of equity and behind debt,” observes Eng-Kwok Seat Moey, managing director and head, capital markets group, DBS Bank, in a recent interview. He...

Following the completion of the dilutive acquisition of Puri Mall in 2021, Lippo Mall Indonesia Retail Trust’s (LMIRT) DPU stabilised to 0.35 cent in FY2021 compared to 0.34 cent in FY2020, but net asset value fell to 9.49 cents, sharply lower than the 17.4 cents recorded in FY2020. Indonesia is s...

LIPPO Malls Indonesia Retail Trust (LMIRT)’s D5IU distribution per unit (DPU) for the fourth quarter ended Dec 31, 2021 rose 125 per cent to 0.09 Singapore cent from 0.04 cent the previous year.

Singapore has a reputation as a leading REIT hub. But with 11 other REIT markets in the region and recent first REIT listings emerging in India, the Philippines and China, can the city-state stay attractive to sponsors? Experts tell The Edge Singapore it certainly looks that way. Jonathan Yap, CEO, ...