Lippo-Mappletree Indonesia Retail Trust

Lippo-Mappletree Indonesia Retail Trust

Postby millionairemind » Tue Feb 03, 2009 9:17 pm

February 3, 2009, 3.34 pm (Singapore time)

Lippo-Mapletree Reit DPU 80% lower than forecast

By ARTHUR SIM

Lippo-Mappletree Indonesia Retail Trust has announced on Tuesday a distributable income of $3.2 million for the quarter ended 31 December 2008 compared to forecast of $15.5 million.

DPU for the period is 0.3 cents, 79 per cent lower compared to its forecast of 1.45 cents.

For the financial year ended 31 December 2008, distributable income was $59.5 million against forecast of $68.9 million. DPU for the year was 5.6 cents against forecast of 6.48 cents.

The decrease in distributable income for FY 2008 was attributed to the allowance for outstanding receivables of $7 million and the writing off of the arrangement fee of $2.8 million for the syndication of $225 million loan.
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby millionairemind » Mon Jun 01, 2009 5:56 pm

June 1, 2009, 5.45 pm (Singapore time)

Lippo-Mapletree gets extension on US$244m loan

SINGAPORE - Lippo-Mapletree Indonesia Retail Trust, a Singapore-listed Indonesian property trust, said on Monday that Deutsche Bank has given it more time to get various consents related to a S$350 million term ($244 million) loan.

The deadline has been extended to Dec 31 following payment of a S$1.5 million extension fee.

The trust took the loan to finance the purchase of a mall in Medan, Indonesia. -- REUTERS
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Thu Jan 07, 2010 9:28 pm

Penta reduced their stake from 5.13 % To 4.93 %
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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First quarter 2010 results for Lippo-Mapletree Indonesia Ret

Postby sreitinvestor » Thu May 06, 2010 10:59 pm

First quarter 2010 results for Lippo-Mapletree Indonesia Retail Trust:
Key Points
* DPU of 1.20 cents for 1Q 2010.
* Distributable Income of S$12.9 million for the three months ended 31 March 2010 (1Q 2010) is 11.5% below 1Q 2009.
* Revenue was 15.7% higher year on year due to the effect of foreign exchange rates used for translating revenues denominated in Indonesian Rupiah into Singapore Dollars.


http://sreitinvestor.blogspot.com/p/dat ... lease.html
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby newbieinvestor » Fri May 07, 2010 1:48 pm

i was intending to get this counter for long term, but it seems that it will head further south in the short term. DPU down 11.5%, getting loan and institutional investor reducing stake are all bad news.
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Wed Jun 23, 2010 6:37 pm

Not vested. From OCBC:-

LMIR Trust: Macro signals continue to show strength

Summary: Indonesia’s Deputy Finance Minister said this week that the economy is likely to have grown by 5.9% YoY in 2Q10. In our view, strong domestic consumption could lift the fortunes of both retailers and retail landlords like LMIR Trust (LMIR).

We spoke to the manager this week and understand that leasing efforts are going well, and occupancy trends are positive. The manager noted at 1Q10 results that the REIT’s “portfolio has a very defensive position with very low upcoming expiries and already high occupancy levels”, which may cap near-term earnings upside from the improving retail environment.

Nevertheless, LMIR still has scope for accretion from new acquisitions, thanks to its low leverage of 10.2% debt-to-assets (the lowest in the S-REIT sector). Our fair value estimate of S$0.55, at a 20% discount to SOTP value, remains unchanged. With a 23.7% estimated total return, maintain BUY. (Meenal Kumar)
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Thu Nov 04, 2010 8:30 am

Not vested

LIPPO-MAPLETREE INDONESIA RETAIL TRUST - Singapore-listed real estate investment trust Lippo-Mapletree said on Wednesday its third-quarter distributable income fell 10.3 percent to S$11.7 million ($9.1 million) from a year ago mainly due to the effect of foreign exchange rates used for translating revenues in Indonesian Rupiah to Singapore Dollars.


Source: Reuters
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Thu Nov 04, 2010 6:57 pm

Not vested. From OCBC:-

Valuation.

LMIR is up 9.1% since our last report on 30 Jul. We have revised our earnings estimates upwards marginally.

At the same time, we have relaxed our discount rate inputs to better reflect improved market conditions. These factors push our fair value estimate up from S$0.52 to S$0.60 (still at a 20% discount to our SOTP value for LMIR).

The investment case for LMIR remains compelling, in our opinion, considering the Indonesia consumption story; LMIR's defensive portfolio; and the potential for growth on the back of its strong balance sheet (10.8% leverage) and attractive sponsor / third-party pipelines.

With 19% estimated total return, maintain BUY.

http://www.remisiers.org/cms_images/Lip ... 04-OIR.pdf
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Thu Feb 17, 2011 8:58 am

Not vested

LIPPO-MAPLETREE INDONESIA RETAIL TRUST - Singapore-listed property trust Lippo-Mapletree said its fourth quarter distributable income fell 3.3 percent year-on-year to S$12 million.


Source: Reuters
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Re: Lippo-Mappletree Indonesia Retail Trust

Postby winston » Thu Feb 17, 2011 7:51 pm

Not vested. From OCBC:-

Yield 8%; P/RNAV 0.7

Positive Outlook.

Management guided that the Indonesian economy is projected to remain buoyant1 , which will benefit the retail industry.

Retail leasing has started to pick up in 3Q10, with a large number of leases recorded and several notable deals witnessed in newly completed projects.

Foreign major retailers were also increasingly active in the market, with expansion plans in response to market opportunities.

Furthermore, as new supply is expected to grow moderately in 2011, nationwide vacancy is anticipated to stabilize at around 13.3% by end of 2011. Such a trend helps the market to maintain stable occupancy and record good rental reversions going forward.

Our investment thesis for LMIR remains intact, supported by Indonesia's growth story and LMIR's quality assets.

Maintain BUY with an unchanged fair value of S$0.592.

http://www.remisiers.org/cms_images/Lip ... 17-OIR.pdf
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