Who We AreLandmark REIT ("Landmark REIT" or the "Trust"), formerly Lippo Malls Indonesia Retail Trust, is the only Indonesia-exposed retail real estate investment trust listed on the Singapore Exchange Securities Trading Limited.
Since its listing in November 2007, Landmark REIT is guided by a unique investment focus: to provide Unitholders a unique opportunity to participate in the retail property sector in Southeast Asia's largest economy. With the rebranding, the Trust has expanded its investment mandate to pursue a diversified, multi-asset and multi-geography approach, with a focus on real estate opportunities across Asia.
What We DoCommitted to deliver stable and sustainable returns to Unitholders, the Trust invests and owns quality income-generating real estate and real estate related assets in Indonesia and Asia.
Landmark REIT Management Ltd., the Trust Manager, is focused on reinforcing its strategic pillars which include actively managing its assets together with its operator to drive healthy occupancy rates, maintaining optimal property and tenant diversification across its portfolio, as well as actively seeking to increase and optimise portfolio value through yield-accretive acquisitions and asset enhancement initiatives.
Our Portfolio
Landmark REIT's portfolio of 29 quality assets are strategically located in large population catchment areas in Greater Jakarta, Bandung, Yogyakarta, Medan, Palembang, Bali and Sulawesi, catering mainly to the everday needs of middle to upper-middle income domestic consumers in Indonesia.
Tenants at the retail malls and retail spaces include well-known retailers such as Hypermart and Matahari Department Store. These anchor tenants are complemented by popular consumer brands such as Zara, Uniqlo, H&M, Adidas, JD Sports, Love Bonito, Starbucks, Fitness First, Timezone, Playtopia, Miniso and Ace Hardware to name a few.
The portfolio is defensively placed with staggered lease expiry dates to ensure a steady earnings base.
Key data as at 31 December 2024
| Portfolio | 29 retail properties |
| Value of Assets-Under-Management | S$1,562.0 million |
| Total Net Lettable Area | 962,029 sqm |
| Occupancy Rate | 81.2% |
| Weighted Average Lease Expiry | 2.8 years |