The manager of LMIRT says that it believes that the aggregate leverage ratio of LMIRT as at Dec 31, 2024 will remain below 50%, or within the aggregate leverage limit.
It adds that LMIRT’s existing financial debt obligations do not contain any financial covenants with reference to the interest coverage ratio, or the aggregate leverage ratio requirement imposed by the Property Funds Appendix.
The manager does not expect any negative financial consequences arising from any breaches of such ratios.
The manager of LMIRT says that it will make the necessary disclosure once information on the actual interest coverage ratio of LMIRT for FY2024 becomes available.
See also: Surbana Jurong Group appoints Lim Cheng Cheng formerly of Singtel as group CFO
Units in Lippo Malls Trust closed 0.2 cents higher or 12.5% up at 1.8 cents on Jan 14.
