LMIR Trust's Q2 distribution per unit rises 17.7%
Lippo Malls Indonesia Retail Trust, or LMIR for short, said its second quarter distributable income rose by 19.5 per cent to $20.5 million.
Distribution per unit for the three months ended June 30 was up 17.7 per cent at 0.93 cent.
On an annualised basis, the payout works out to a yield of 7.6 per cent based on the closing price of 49 cents per unit on June 28.
Payment is expected to be on Aug 29.