LMIRT Halts Payouts 5 Quarters Running | The Investing Iguana 🦖

🟩 In this video, we take a deep dive into Lippo Malls Indonesia Retail Trust (LMIRT) and their surprising decision to halt payouts for five consecutive quarters. As a seasoned financial analyst, I break down the reasons behind this unconventional move and explore the potential implications for investors. $Lippo Malls Tr(D5IU.SI)$

We'll examine LMIRT's latest financial results, including the 3.1% decline in net property income and the slight increase in gross revenue. I'll also shed light on the impact of the Indonesian rupiah's depreciation against the Singapore dollar and how it affects the trust's rental income.

But the real focus of this video is the payout freeze. I'll explain why LMIRT has chosen to conserve cash and prioritize their debt obligations, particularly the 2024 notes. We'll discuss the potential risks and rewards of this strategy and what it could mean for the trust's future.

Additionally, we'll look at some positive signs, such as the rebound in shopper traffic to 75% of pre-Covid levels and LMIRT's plans to refurbish nine properties over the next two years.

Whether you're a long-time REIT investor or just starting to explore this asset class, this video will provide you with valuable insights and analysis. Join me, Iggy the Investing Iguana, as we navigate the complex world of retail trusts and uncover the story behind LMIRT's bold decision.

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🟥 Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode!