The Business Times

LMIRT

Companies & Markets

LMIRT Q1 net property income dips 2.4% to S$29.2 million

Lippo Karawaci has entered into a conditional sale and purchase agreement with Lippo Malls Indonesia Retail Trust (LMIRT) to sell the retail components of Lippo Mall Puri in West Jakarta for an aggregate consideration of US$260 million.
Companies & Markets

LMIRT could fail to meet minimum interest coverage ratio for FY2024, expects no financial consequences

Prior to the withdrawal, Moody's outlook on all of LMIRT’s ratings were stable, said the manager.
Companies & Markets

Moody’s, Fitch withdraw LMIRT’s credit ratings

The trust’s Q2 NPI fall came as rental revenue decreased 4.3 per cent to S$27 million
Companies & Markets

LMIRT posts 9.2% fall in Q2 net property income; distributions still withheld

Lippo Mall Puri located in the established Puri Indah central business district area, West Jakarta. 
Companies & Markets

Fitch downgrades LMIRT to ‘C’ from ‘CCC’ on distressed debt exchange

The upsized facility will be used to finance the purchase of outstanding senior notes due in 2026, among other purposes.
Companies & Markets

LMIRT upsizes loan facility to 4.5 trillion rupiah

Lippo Malls Indonesia Retail Trust's gearing now stands at an estimated 45.2 per cent.
Companies & Markets

LMIRT’s gearing exceeds 45% amid currency changes

Lippo Karawaci has entered into a conditional sale and purchase agreement with Lippo Malls Indonesia Retail Trust (LMIRT) to sell the retail components of Lippo Mall Puri in West Jakarta for an aggregate consideration of US$260 million.
Companies & Markets

LMIRT bags 2.5 trillion rupiah loan facility

LMIRT announced on May 8 it would commence an offer for holders of its 7.25 per cent senior notes due 2024 to exchange it for senior notes due 2026. Fitch has downgraded the issuer following the offer.
Reits & Property

Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer

LMIRT's net property income had declined due to higher property operating and maintenance expenses, as well as lower net reversal for impairment loss on trade receivables.
Reits & Property

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More