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Friday, April 29, 2011

LippoMapleTrust Q1 2011 Quarterly Earnings Report

LippoMapleTrust Q1 2011 Quarterly Earnings Report:
Key Points
  • DPU of 1.17 cents for 1Q 2011. 
  • DPU equates to an annualized yield of 8.7% at closing unit price of 54 cents on 31 March 2011.
  • Distributable Income of S$12.7 million for the three months ended 31 March 2011 (“1Q 2011”) is 5.3% higher than 4Q 2010 despite being 1.6% lower than 1Q 2010.
  • LMIR Trust portfolio occupancy remains better than the industry average, with an occupancy rate of 98.0% as at 31 March 2011.
  • The Books will close from 5pm on 9 May 2011 for the purpose of determining Unitholders’ entitlement to the distribution. 
  • Distribution is to be paid on 31 May 2011. 
  • Gearing of 10% as at 31 Mar 2011.
  • NAV per unit of $0.86 as at 31 Mar 2011.
Author's Note
The DPU for the reporting quarter is 1.17 cents. It will be paid on 31 May 2011, with the Books closure on 9 May 2011.

The DPU was 1.10 cent in the previous quarter.

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