LMIR Trust NPI slips in Q1

Gross revenue also grew by 4.9% to $49.9m.

Lippo Malls Indonesia Retail Trust (LMIR Trust) reported a 2.4% decrease in net property income (NPI) to $29m for the first quarter of 2025, in Singapore dollar (SGD) terms.

A 3.4% depreciation of Indonesian Rupiah (IDR) to the SGD saw rental revenue dip by a marginal 0.2% to $27.5m.

Gross revenue rose by 1.4% to S$49.9m for the period, supported by a 67.4% jump in carpark income following the entry into a new carpark management arrangement. This yielded higher gross carpark income compared to the net income structure under the previous agreement.

In IDR terms, the company saw a 1% increase to IDR352b, largely due to a net reversal for impairment loss on trade receivables following collections from a credit-impaired tenant.

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