REIT Financial News - 6 MAY 2010: Quarterly Earnings Report for LMIR

First quarter 2010 results for Lippo-Mapletree Indonesia Retail Trust:

• Press Release, Financial Statements, and Presentation Slides

Key Points 

• DPU of 1.20 cents for 1Q 2010.
• Distributable Income of S$12.9 million for the three months ended 31 March 2010 (1Q 2010) is 11.5% below 1Q 2009.
• Revenue was 15.7% higher year on year due to the effect of foreign exchange rates used for translating revenues denominated in Indonesian Rupiah into Singapore Dollars.

Author's Note
Based on the closing price of the Reit of 0.485 on 6 May 2010, the DPU of 1.2 cents translates to an annualised yield of about 9.9%.

The DPU of 1.2 cents will XD on 12 May 2010 and will be paid on 27 May 2010. The DPU for the previous quarter was 1.16 cents.

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