Lippo Malls Indonesia Retail Trust (LMIRT) is facing the twin spectre of softer operating conditions, and a steep depreciation of the Indonesian currency.
This is especially so after the REIT announced closure of all malls, which will take effect from 1 April.
The REIT has earlier announced the closure of properties within the Greater Jakarta area.
Related: Lippo Malls REIT shut properties as COVID-19 spreads across Indonesia
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