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An announcement from Lippo Malls Indonesia Retail ( (SG:D5IU) ) is now available.
LMIRT Management Ltd., the manager of Lippo Malls Indonesia Retail Trust, announced potential difficulties in meeting the minimum interest coverage ratio (ICR) requirement of 1.5 times for the financial year ending December 31, 2024. This potential shortfall is attributed to non-operational accounting adjustments. Despite this, the company’s aggregate leverage ratio is expected to remain below 50%, posing no immediate financial risk, as current debt obligations are not tied to ICR requirements.
More about Lippo Malls Indonesia Retail
Lippo Malls Indonesia Retail Trust (LMIR Trust) is managed by LMIRT Management Ltd. and operates within the retail sector, focusing on managing retail properties in Indonesia. The company is constituted in the Republic of Singapore under a trust deed and is subject to regulatory requirements governed by the Monetary Authority of Singapore.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $101.2M
Learn more about D5IU stock on TipRanks’ Stock Analysis page.
