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    REIT - Retail
Lippo Malls Indonesia Retail Trust

Lippo Malls Indonesia Retail Trust

LPMDF
Lippo Malls Indonesia Retail TrustUS flagOther OTC
0.01
USD
-NaN
- -
45.56MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.04
0.04
0.04
0.05
0.05
0.07
0.04
0.02
0.02
0.02
0.03
- -
0.02
Basic EPS, GAAP
0.02
0.02
0.01
0.01
0.01
0.01
- -
-0.06
- -
- -
-0.01
- -
- -
- -
Free Cash Flow per Basic Share
0.04
0.03
0.03
0.03
0.03
0.03
0.03
0.01
- -
0.01
0.01
0.01
- -
0.01
Dividend per Share
0.02
0.02
0.02
0.02
0.03
0.02
0.02
0.01
- -
- -
- -
- -
- -
- -
Book Value per Share
0.46
0.43
0.39
0.36
0.24
0.19
0.21
0.13
0.07
0.05
0.04
0.06
- -
0.04
Tangible Book Value per Share
0.3
0.29
0.25
0.28
0.27
0.24
0.27
0.19
0.1
0.07
0.07
0.09
- -
0.06
Basic Weighted Avg Shares
3,413
3,796
4,222
4,307
4,335
4,371
3,952
3,998
10,133
10,530
10,538
7,697
- -
9,827
Sales/Revenue/Turnover
153
137
173
188
197
230
273
149
175
205
197
195
205
153
Operating Margin (%)
86.06
83.95
77.17
77.54
79.2
64.51
57.1
41.92
47.24
53.23
50.37
49.94
53.4
52.96
Depreciation Expense
1
1
12
14
15
6
7
5
10
9
8
7
2
2
Net Income, GAAP
70
64
26
29
63
61
14
-230
-33
2
-126
-36
32
10
Effective Tax Rate (%)
13.14
29.02
40.27
45.97
28.82
38.82
65.78
- -
- -
96.72
- -
- -
48.69
70.91
Profit Margin (%)
46.16
46.59
15.29
15.33
31.77
26.46
4.95
-154.98
-18.57
0.77
-63.87
-18.7
15.61
6.55
Working Capital
194
-134
-199
-78
-221
-102
128
-136
56
-72
-229
-65
-112
-112
LT Debt
470
425
439
518
421
555
636
458
779
668
532
704
590
590
Total Equity
1,010
1,150
1,075
1,233
1,168
1,079
1,076
773
987
784
690
700
634
634
Return on Invested Capital (%)
6.84
4.78
4.49
4.32
5.95
5.03
3.01
- -
- -
0.21
- -
- -
4.17
1.75
Return on Capital (%)
4.73
3.97
2.31
2
3.63
5.11
1.83
- -
- -
0.25
- -
- -
5.54
2.04
Return on Common Equity (%)
4.66
3.98
1.61
1.81
4.84
6.6
1.65
-34.73
-5.26
0.25
-26.23
-8.3
7.8
2.45

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
52
- -
53
LT Borrowings
619
- -
588
LT Finance Leases
2
- -
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10,538
10,538
10,538
Market Capitalization
125
127
126

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
70
- -
67
Cash, Cash Equivalents & STI
15
- -
16
Accounts Receivable, Net
23
- -
21
Inventories
- -
- -
- -
Total Current Liabilities
196
- -
178
Payables & Accruals
- -
- -
- -
ST Debt
52
- -
53
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.94%
-2.56%
-9.38%
Free Cash Flow
16.4%
45.62%
-0.6%
Net Income, GAAP
-1,026.79%
-1,701.7%
-187.94%
Sales/Revenue/Turnover
3.84%
7.03%
5.37%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
49
51
50
48
197
2024
49
48
48
49
195
2025
50
50
- -
53
205

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
-0.01
-0.01
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Chee Seng Liew
Sector
Real Estate
Industry
REIT - Retail
Address
6 Shenton Way Singapore Singapore 068809
IPO Date
Oct 25, 2010
Website
lmir-trust.com
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Business
Lippo Malls Indonesia Retail Trust (LMIR Trust) is a Singapore-listed real estate investment trust sponsored by PT Lippo Karawaci Tbk that owns and invests in a diversified portfolio of income-producing retail properties primarily in Indonesia. Established in 2007 and listed on the Singapore Exchange, the trust is headquartered in Singapore and managed by LMIRT Management Ltd, with operations focused on 29 retail malls and spaces strategically located in major Indonesian cities including Jakarta, Bali, Palembang, Medan, and other populous regions with large middle-income populations; its portfolio features a total net lettable area of approximately 956,616 square metres and a carrying value of Rp18,691.0 billion as at 31 March 2025, anchored by prominent tenants such as Hypermart, Matahari Department Store, Sogo, Zara, Uniqlo, H&M, Adidas, Victoria's Secret, Starbucks, Fitness First, Timezone, Miniso, and Ace Hardware. The trust pursues long-term growth through acquisitions of retail and retail-related assets leveraging the sponsor's extensive network, proactive asset enhancements including tenancy remixing, re-zoning, and capacity expansions to optimise rentals and maintain competitive positioning, and a balanced financing approach combining debt, equity, and foreign exchange hedging to deliver stable distributions and NAV per unit growth to unitholders. Recent developments include a non-underwritten rights issue approved in late 2025, with proceeds earmarked for portfolio strengthening and deployment plans outlined ahead of an extraordinary general meeting on 8 December 2025, alongside a reported 5.5% year-on-year decline in FY2024 net property income to $115.7 million reflecting operational challenges in the Indonesian retail sector.