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LIMR Trust delivers 16.2% DPU growth

iFAST Corp 2Q continues to show growth

Lippo Malls Indonesia Retail Trust announced its 1Q results. 1Q DPU was up 16.2% year-on-year to 0.79 cents. This was attributed to a full quarter contribution from Lippo Mall Kemang which was acquired in end 2014. Current occupancy for its shopping malls is 94.2%. LIMR Trust has also achieved DPU growth for the last 6 quarters starting from 4Q 2013. Going forward, LIMR Trust is looking forward to more growth based on the growth outlook for the Indonesian Economy. It will also continue to explore its sponsor’s pipeline of quality mall assets for which it has first right of refusal. Its sponsor, PT Lippo Karawaci Tbk is one of the largest mall operators in Indonesia.

GET TO THE POINT : No mean feat to grow DPU 6 quarters consecutively.

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The post LIMR Trust delivers 16.2% DPU growth appeared first on Asean Equities Review.