Friday, February 17, 2012

Lippo Malls Indo REIT

Lippo Malls Indo REIT: Reported $24.6m of NPI for 4Q11, +16.8% jump over the corresponding qtr in 4Q10. As the two new assets came into the Trust from Dec11, the full financial impact of these new assets will only flow through from 1Q2012 onwards.

On the back of a strong 4Q2011 performance, Trust recorded $92.0m in gross rev and NPI for FY11. Correspondingly, DPU (post-rights) for FY2011 was 3.85c. On an annualised basis, the latest distribution represents an adjusted average DPU yield of approximately 7.5% for FY11.

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