Singapore

LIPPO Malls Indonesia Retail Trust (LMIRT)'s fourth-quarter distribution per unit (DPU) was down amid what the manager called "challenging conditions", in results out on Friday.

It will pay 0.3 Singapore cent per unit for the three months to Dec 31, 2018, against 0.79 Singapore cent the year before. The trust's full-year DPU is 2.05 Singapore cents, down from 3.44 Singapore cents before.