Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Lippo Malls Indonesia Retail Trust (LMIRT) reported its Distribution per Unit (DPU) at S$0.09, lowered by 18% YoY in their Q2 release. Overall, distributable income stood at S$4.74mn ($3.5mn) vs. negative $11.3mn ($8.3) sum last year. Gross revenues jumped 81% to S$49.7mn ($36.6mn) and net property income more than doubled to S$31.8mn ($23.4mn). While the Lippo Mall Puri acquisition (in January), lower discounts on rent and service charges helped generate revenues, it was partially offset by loss of income from Binjai Supermall and Pejaten Village divested in Q3 last year.

LMIRT’s USD 7.5% 2026s were stable at 100.9, yielding 7.25%.

Ascott Residence Trust (ART) reported a 95% YoY increase in its distribution per stapled security (DPS) at S$2.05 for Q2. Distributable income stood at S$63.8mn ($47mn), a 96% YoY jump even as revenues fell 11%. The high distributable income includes a one-off partial distribution of a S$20mn ($14.7mn) divestment gain, income from the termination of the sale of two assets and realised currency exchange gains.

Ascott’s 3.07% Perp was flat at 96.7, yielding 11.2%

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