Lippo-Mapletree Indonesia Retail Trust

Posted by admin on November 5, 2009 under Articles | 5 Comments to Read

LMIR Trust: Reports Q3 2009 Distributable Income Of S$13.1 Million. – Lippo-Mapletree Indonesia Retail Trust announced distributable income of S$13.1 million for the quarter ended 30 September 2009, 23.1% below the distributable income of S$17.0 million recorded in the quarter ended 30 September 2008. DPU for 3Q 2009 is 1.22 cents compared to 1.60 cents in 3Q 20081. The lower distributable income year on year is due to lower specialty, casual leasing, carpark and miscellaneous income as the portfolio felt the impact of the global economic crisis in the form of retailers reducing the amount of expenditure on rent and promotional activities