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Lippo Malls Indo Retail Trust raises Q4 DPU by 14% to 0.81 Singapore cent

LIPPO Malls Indonesia Retail Trust is raising its fourth-quarter distribution by 14.1 per cent to 0.81 Singapore cent per unit as net property income increased by 22.3 per cent to S$40.2 million.

For the full year ended 2015, the Indonesian mall-focused real estate investment trust's net property income rose 25.8 per cent to S$158.6 million.

Gross rent improved by 20.8 per cent to S$36.4 million during the quarter.