Lippo Malls Puri is currently owned by a subsidiary of Lippo Malls Indonesia Retail Trust's sponsor. (Photo: Lippo Malls Indonesia Retail Trust)Lippo Malls Puri is currently owned by a subsidiary of Lippo Malls Indonesia Retail Trust's sponsor. (Photo: Lippo Malls Indonesia Retail Trust)

Lippo Malls Indonesia Retail Trust (LMIRT) is faced with elevated debt levels, and is now considering several options, including asset divestments to pare down its debt.

The REIT, which presently owns a portfolio of 29 retail malls across Indonesia, has a gearing level of about 44.6% as at 31 December 2022.

This is based on updated approximate asset valuations that have been provided to the REIT.


Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.