LMIR Trust NPI down 5.5% in FY2024

Lippo Malls Indonesia Retail Trust (LMIR Trust) reported a 5.5% decline in net property income (NPI) to $115.7m for the financial year ended 31 December 2024.

The trust attributed the decline to higher impairment allowances and increased property operating and maintenance costs.

A 4.4% depreciation of the Indonesian Rupiah (IDR) against the Singapore Dollar (SGD) in FY 2024 led to a 2.2% drop in rental revenue to $108.2m and a 1.4% decline in gross revenue to $194.6m.

For the fourth quarter, NPI improved quarter-on-quarter, with rental and gross revenues rising 1.5% and 2.9% in terms to $26.9m and $49.3m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia