Lippo Malls REIT Selling 2 Properties

News about Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust has announced the sale of two Indonesian properties, Pejaten Village and Binjai Supermall, for the sum of S$124.3 million. This is a nominal 4.1% and 8.3% discount to their latest valuation.

The net divestment proceeds of approximately S$120.2 million will increase the Manager’s financial flexibility to fund growth through reinvestments, make distributions to Unitholders or pare down debt

Lippo Malls Indonesia Retail Trust
Price0.018 SGD
NAV0.057 SGD
Yield (4 quarters)0.00%
Gearing45.0%