Lippo Malls Indonesia Retail Trust (LMIR Trust) (SGX: D5IU) is a Singapore-based real estate investment trust that owns and invests on a long-term basis in a diversified portfolio of income-producing retail and retail-related properties in Indonesia; its portfolio comprises 29 retail malls and spaces with approximately 951,000 square metres of net lettable area, strategically located in major cities across Java, Sumatra, Bali and Sulawesi including Greater Jakarta, Bandung, Medan and others, anchored by tenants such as Hypermart, Matahari Department Store, Sogo, Zara, Uniqlo, H&M, Adidas, Starbucks, Fitness First and Timezone; the properties generate revenue primarily from leasing space to supermarkets, department stores, fashion retailers, food and beverage outlets, leisure venues and fitness centres targeting middle-income populations in high-density urban areas. Established pursuant to a trust deed dated 8 August 2007 and listed on the Singapore Exchange on 19 November 2007, LMIR Trust is managed by LMIRT Management Ltd, with headquarters at 6 Shenton Way, Singapore, and sponsored by entities affiliated with PT Lippo Karawaci Tbk, Indonesia's largest listed property company. In recent developments, the trust reports robust portfolio performance with net property income growth of 8.5% to S$31.1 million in 3Q 2025 driven by asset enhancement initiatives, tenant mix optimisation towards food & beverage, leisure and entertainment sectors, resilient occupancy of 84.4% and positive rental reversions of 4.6%; it announced a rights issue in July 2025 with subsequent updates through November 2025, alongside stable gearing at 43.3% and interest coverage of 1.81 times as of 30 September 2025.