Who We AreLippo Malls Indonesia Retail Trust ("LMIR Trust") is the only Indonesian retail real estate investment trust ("REIT") listed on the Singapore Exchange Securities Trading Limited.
Since its listing in November 2007, LMIR Trust is guided by a unique investment focus: to provide Unitholders exposure to the growing retail property sector of Indonesia, one of Asia's most dynamic markets.
What We DoCommitted to deliver stable and sustainable returns to Unitholders, LMIR Trust invests and owns quality income-generating retail and retail-related real estate in key cities in Indonesia.
LMIRT Management Ltd, the Trust Manager, is focused on reinforcing its strategic pillars which include actively managing its assets together with its mall 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
LMIR Trust'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, Amazone, 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 2023
| Portfolio | 22 retail malls, 7 retail spaces |
| Value of Assets-Under-Management | S$1,536.8 million |
| Total Net Lettable Area | 952,113 sqm |
| Occupancy Rate | 79.0% |
| Weighted Average Lease Expiry | 2.2 years |