LMIRT and Ascott Report Results
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...
Lippo Malls Indonesia Retail Trust Downgraded to B+ by Fitch
Lippo Malls Indonesia Retail Trust (LMIRT) has been downgraded to B+ from BB- with a negative outlook by Fitch Ratings as the LMIRT malls across Java, Bali and Medan have been forced to shut temporarily due to Covid-19 restrictions. Along with the Issuer Default...
