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Lippo Malls Indonesia Retail
(SGX:D5IU)
Lippo Malls Indonesia Retail (D5IU) vs. iShares MSCI Singapore ETF (EWS)
Lippo Malls Indonesia Retail Business Overview & Revenue Model
Lippo Malls Indonesia Retail Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 237.73M | 194.56M | 197.27M | 204.71M | 175.07M |
| Gross Profit | 139.96M | 115.26M | 112.82M | 130.01M | 103.77M |
| EBITDA | 120.56M | 73.56M | 107.44M | 149.27M | 53.40M |
| Net Income | 31.99M | -36.38M | -125.99M | 1.58M | -32.51M |
Balance Sheet | |||||
| Total Assets | 1.49B | 1.64B | 1.72B | 1.84B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 28.88M | 19.98M | 140.33M | 106.97M | 119.88M |
| Total Debt | 900.42M | 726.99M | 842.57M | 808.76M | 846.16M |
| Total Liabilities | 1.11B | 941.95M | 1.03B | 1.05B | 1.04B |
| Stockholders Equity | 377.56M | 699.99M | 690.25M | 783.76M | 987.47M |
Cash Flow | |||||
| Free Cash Flow | 77.16M | 63.86M | 99.66M | 125.79M | 22.30M |
| Operating Cash Flow | 97.53M | 86.94M | 102.66M | 137.18M | 40.10M |
| Investing Cash Flow | -20.00M | -21.81M | -13.24M | -9.74M | -365.40M |
| Financing Cash Flow | -78.84M | -73.69M | -150.79M | -131.66M | 338.11M |
Lippo Malls Indonesia Retail Technical Analysis
Lippo Malls Indonesia Retail Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | S$1.26B | 11.92 | 6.62% | 6.29% | 0.70% | 71.84% | |
73 Outperform | S$863.24M | 13.59 | 6.17% | 8.87% | 5.89% | 1.81% | |
70 Outperform | S$18.72B | 19.41 | 6.41% | 5.26% | 0.17% | 8.05% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | S$4.62B | 21.93 | 4.49% | 5.29% | 10.82% | -5.02% | |
58 Neutral | S$116.91M | 3.85 | 15.32% | ― | 130.75% | ― | |
53 Neutral | S$1.18B | -122.73 | 0.04% | 6.66% | -8.59% | -93.48% |
Lippo Malls Indonesia Retail Corporate Events
Lippo Malls Indonesia Retail Trust, a Singapore-listed REIT, has historically concentrated on owning and managing income-producing shopping malls and retail properties across Indonesia, establishing itself as the largest Singapore-listed vehicle focused on Indonesian retail real estate and a key player in the nation’s urban, social, and commercial fabric. The manager has announced that, effective 30 days from this notice, the trust’s investment mandate will be broadened to allow long-term investment in a diversified portfolio of income-generating real estate and related assets across Indonesia and Asia, aiming to capture opportunities from evolving retail formats, mixed-use and experiential spaces, and growing investor demand for more diversified and resilient real estate platforms.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
Lippo Malls Indonesia Retail Trust has disclosed the deployment of a significant portion of the proceeds from its recent renounceable, non-underwritten rights issue of approximately S$63.04 million. About S$34.19 million, or 54.2% of the gross proceeds, has been used to repay existing loans and related financial obligations, while roughly S$0.91 million, or 1.4%, has gone toward general corporate and working capital needs of the LMIR Trust Group, signalling an ongoing focus on balance sheet strengthening and liquidity management. The manager stated that the use of funds remains in line with earlier stated plans and committed to updating the market as the remaining proceeds are materially disbursed, an indication of continued transparency for unitholders and other stakeholders.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
Lippo Malls Indonesia Retail Trust has completed the issuance of 9,005,267,676 new units through a renounceable and non-underwritten rights issue, increasing its total units on issue to 16,702,077,655. The newly issued units rank pari passu with existing units, including entitlement to past and future distributions, and have commenced trading on the Main Board of the Singapore Exchange, signalling a successful capital-raising exercise that bolsters the trust’s equity base and potentially enhances liquidity for unitholders.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
Lippo Malls Indonesia Retail Trust has announced the final results of its rights issue, reporting that the offer was significantly oversubscribed, with valid acceptances and excess applications received for approximately 121.35% of the total number of rights units available. Valid acceptances, including those by BIL and the manager, accounted for about 69.87% of the issue, while excess applications reached 99.21%, and subscribing entities under an irrevocable undertaking applied for a large majority of the new units, underscoring strong support from key stakeholders and reinforcing the trust’s capital-raising efforts and financial flexibility.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
At an extraordinary general meeting held on 8 December 2025 in Singapore, Lippo Malls Indonesia Retail Trust informed unitholders that its sponsor, PT Lippo Karawaci Tbk, has strengthened its commitment to the planned rights issue by providing a new irrevocable undertaking. Under this revised commitment, the sponsor and its designated entities will fully subscribe to their allotted rights units and apply for up to an additional 4.3 billion excess rights units remaining unsubscribed after satisfying all excess applications, bringing their potential total subscription to about 95.18% of the rights issue and raising roughly S$60 million in gross proceeds. In light of these revised participation terms, the manager is seeking fresh unitholder approval for the rights issue and the related whitewash resolution, a move that underscores the sponsor’s support for the trust’s recapitalisation efforts and could have significant implications for capital structure, ownership concentration and future strategic flexibility.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
LMIRT Management Ltd., the manager of Lippo Malls Indonesia Retail Trust, has announced a new master property management agreement with PT Lippo Malls Indonesia to continue managing its Indonesian properties for another 24 months starting from December 2025. The agreement maintains the existing property and project management fee structure, ensuring continuity in operations and management for the trust’s retail properties, which may provide stability and predictability for stakeholders.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
Lippo Malls Indonesia Retail Trust has announced that it will not pay the scheduled distribution for its S$120,000,000 Perpetual Securities issued in June 2017. This decision activates dividend stopper provisions, preventing the declaration or payment of dividends and distributions on certain securities until specific conditions are met, potentially impacting investor returns and financial strategies.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.
Lippo Malls Indonesia Retail Trust has announced a rights issue to raise approximately S$63 million by issuing new units at a significant discount to the current market price. The proceeds from this rights issue will be used to repay existing loans, fund capital expenditures, and cover general working capital needs, potentially strengthening the trust’s financial position and operational capabilities.
The most recent analyst rating on (SG:D5IU) stock is a Hold with a S$0.02 price target. To see the full list of analyst forecasts on Lippo Malls Indonesia Retail stock, see the SG:D5IU Stock Forecast page.