Lippo Malls Indonesia Retail Trust posts 7.6% rise in Q4 DPU
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Its net property income went up 10.9 per cent to S$44.6 million. For the full year ended 2016, LMIRT’s net property income rose 8.4 per cent to S$171.9 million.
For Q4 2016, total gross revenue went up 9.1 per cent to S$48.7 million year on year, mainly due to positive rental reversion within the existing malls.
The trust recently completed the acquisition of Lippo Mall Kuta, expanding its portfolio to 27 properties and asset size to S$1.9 billion.
Viven Sitiabudi, executive director of the Reit manager, said: “With our shopping malls registering a consistently high occupancy rate of 94.3 per cent, we expect a stable stream of rental income going forward.”
Questions & Answers
Q.What was the main reason for the increase in total gross revenue for Lippo Malls Indonesia Retail Trust in Q4 2016?
What was the main reason for the increase in total gross revenue for Lippo Malls Indonesia Retail Trust in Q4 2016?
The main reason for the increase was positive rental reversion within the existing malls. Total gross revenue went up 9.1 per cent year on year to S$48.7 million in Q4 2016.
Q.What was Lippo Malls Indonesia Retail Trust's net property income for the full year ended 2016?
What was Lippo Malls Indonesia Retail Trust's net property income for the full year ended 2016?
For the full year ended 2016, Lippo Malls Indonesia Retail Trust's net property income rose 8.4 per cent. It reached S$171.9 million for that period.
Q.How many properties does LMIRT now hold in its portfolio after its recent acquisition?
How many properties does LMIRT now hold in its portfolio after its recent acquisition?
After recently completing the acquisition of Lippo Mall Kuta, LMIRT has expanded its portfolio. The trust now holds 27 properties and its asset size is S$1.9 billion.
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