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

The unit price of Lippo Malls Indonesia Retail Trust (LMIRT) fell by more than 18% at the close of the trading day on 21 March.

The Indonesia-focused REIT retreated by 18.19% to finish the session at SGD0.018.

The fall was driven largely by regular market activity though there was a thin volume of married deals that was executed at the closing price.

Related: Fitch Ratings downgrades Lippo Malls Indonesia REIT to ‘CCC+’

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.