Lippo Mall trust has just released a good set of result. It achieved 7.2% Y.O.Y growth in distribution per unit to 0.89 cents for the first quarter ended 31 Mar 2017. Distributable income for the quarter grew 8.4% Y.O.Y to SGD25.1 million. The Lippo Mall Kuta acquired in December 2016 contributed to the growth in DPU. Net property income increased to SGD46.1 million in 1Q 2017.
I blogged about Lippo Mall trust a few months ago. I bought x quantities using FA and TA. Enter at a good price and now sitting more than 14 percent gains. The Indonesia economy is projected to grow at 5 to 6%. The brick and mortar Lippo Malls will do well with the growing economy.
Will monitor the trust and will buy more lots when opportunity arises. Meanwhile, i will be happily collecting the DPU.