Binjai Supermall (Photo: Lippo Malls Indonesia Retail Trust)Binjai Supermall (Photo: Lippo Malls Indonesia Retail Trust)

Singapore Exchange (SGX)-listed retail REIT Lippo Malls Indonesia Retail Trust (LMIRT) has warned that its leverage ratio may have now exceeded limits set by the regulators.

As such, the REIT may no longer be able to take on new borrowings to fund its operations.

LMIRT is a Singapore-listed but Indonesia-focused REIT that owns a portfolio of 29 retail assets across the country.

Related: Fitch downgrades Lippo Malls REIT long-term issuer rating to Restricted Default

Dear members, please login to continue reading this article.

Login or sign-up for a free 25-day trial here. Why subscribe?

By Shariffa Al-Habshee

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