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Lippo Malls Indonesia Retail (D5IU) AI Stock Analysis
Lippo Malls Indonesia Retail
(SGX:D5IU)
The overall score of 74 is driven primarily by a deeply discounted valuation (P/E of 1.75) and a strong financial recovery marked by robust cash flow generation and revenue growth. These strengths are partially offset by a lack of clear technical signals and the absence of a dividend, which is atypical for a retail REIT and may deter income investors.
Lippo Malls Indonesia Retail (D5IU) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 102.15M
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- 1.8
- Beta (1Y)
- -0.17
- Revenue Growth
- 17.75%
- EPS Growth
- 400.00%
- Country
- Singapore
- Employees
- 16
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Retail
Lippo Malls Indonesia Retail Business Overview & Revenue Model
Company Description
Operating from Singapore, Lippo Malls Indonesia Retail Trust (LMIR Trust) is a real estate investment trust dedicated to the long-term acquisition and management of income-generating retail and retail-adjacent properties across Indonesia. As of July...
How the Company Makes Money
The company makes money primarily by generating recurring income from its retail properties. Its key revenue stream is rental income from leasing mall space to tenants under lease agreements. This typically includes (where applicable under the leases...
Lippo Malls Indonesia Retail Financial Statement Overview
Summary
Strong recovery with TTM revenue growth of 22.6% and net profit margin of 12.0%. Cash flow is a key strength, with free cash flow growing 134% and strong conversion rates. The balance sheet is improving with reduced debt, though leverage remains moderately elevated.
Income Statement
78PositiveBalance Sheet
68PositiveCash Flow
88Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.87M | 237.73M | 194.56M | 197.27M | 204.71M | 175.07M |
| Gross Profit | 128.33M | 139.96M | 115.26M | 112.82M | 130.01M | 103.77M |
| EBITDA | 128.54M | 120.56M | 73.56M | 107.44M | 120.07M | 62.72M |
| Net Income | 49.90M | 31.99M | -36.38M | -125.99M | 1.58M | -32.51M |
Balance Sheet | ||||||
| Total Assets | 1.45B | 1.49B | 1.64B | 1.72B | 1.84B | 2.03B |
| Cash, Cash Equivalents and Short-Term Investments | 47.62M | 28.88M | 19.98M | 140.33M | 106.97M | 119.88M |
| Total Debt | 570.20M | 900.42M | 726.99M | 842.57M | 808.76M | 846.16M |
| Total Liabilities | 767.57M | 1.11B | 941.95M | 1.03B | 1.05B | 1.04B |
| Stockholders Equity | 682.26M | 377.56M | 699.99M | 690.25M | 783.76M | 987.47M |
Cash Flow | ||||||
| Free Cash Flow | 49.48M | 77.16M | 63.86M | 99.66M | 125.79M | 22.30M |
| Operating Cash Flow | 56.33M | 97.53M | 86.94M | 102.66M | 137.18M | 40.10M |
| Investing Cash Flow | -16.31M | -20.00M | -21.81M | -13.24M | -9.74M | -365.40M |
| Financing Cash Flow | -6.23M | -78.84M | -73.69M | -150.79M | -131.66M | 338.11M |
Lippo Malls Indonesia Retail Peers Comparison
Overall Rating
- SG:D5IU74Outperform
SG:J69U71Outperform
SG:C38U70Outperform
SG:T82U65Neutral
SG:P40U63Neutral
SG:N2IU61Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:D5IU | 74Outperform | SGD 119.17M | 1.75 | 10.50% | ― | 17.75% | 400.00% |
| SG:J69U | 71Outperform | SGD 4.30B | 12.19 | 7.66% | 5.85% | 16.36% | 71.47% |
| SG:C38U | 70Outperform | SGD 18.18B | 14.22 | 7.40% | 4.64% | 5.37% | 19.25% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| SG:T82U | 65Neutral | SGD 4.00B | 12.93 | 5.19% | 5.97% | 1.18% | ― |
| SG:P40U | 63Neutral | SGD 1.16B | 25.51 | 2.56% | 7.36% | 0.46% | -59.03% |
| SG:N2IU | 61Neutral | SGD 6.08B | 24.17 | 2.75% | 6.89% | -4.51% | -63.33% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:D5IU | Lippo Malls Indonesia Retail Trust | 0.01 | 0.00 | 0.00% | |
| SG:C38U | CapitaLand Integrated Commercial Trust | 2.29 | 0.06 | 2.69% | |
| SG:J69U | Frasers Centrepoint Trust | 2.11 | -0.04 | -2.09% | |
| SG:N2IU | Mapletree Pan Asia Commercial Trust | 1.15 | -0.26 | -18.21% | |
| SG:P40U | Starhill Global Real Estate Investment Trust | 0.50 | -0.04 | -7.06% | |
| SG:T82U | Suntec Real Estate Investment Trust | 1.35 | 0.08 | 6.55% |
Lippo Malls Indonesia Retail Corporate Events
Lippo Malls Indonesia Retail Trust Posts Rupiah Growth and Eyes Distribution Resumption
Lippo Malls Indonesia Retail Trust reported 3Q 2026 gross revenue and net property income growth of 6.9% and 7.6% in rupiah terms, driven by higher occupancy and stable shopper traffic, though figures declined in Singapore dollars due to currency dep...
Landmark REIT Sets Date for Third-Quarter 2026 Business Update
Landmark REIT Management Ltd., the manager of Singapore-listed Landmark REIT, will release a business update for the third quarter ended 30 September 2026 on 28 October 2026 after the close of trading. The announcement is positioned as an information...
Landmark REIT opts to reset perpetuals and preserve liquidity
Landmark REIT Management Ltd., as manager of Landmark REIT, has decided not to redeem its S$140 million Series 02 perpetual securities on 27 September 2026, triggering a reset of the distribution rate to 7.973500% until the next reset date in 2031. T...
Landmark REIT Triggers Dividend Stopper After Skipping 2016 Perpetual Distribution
Landmark REIT Management Ltd. has announced that Perpetual (Asia) Limited, as trustee of Landmark REIT, has exercised its discretion not to pay the S$140 million September 2026 distribution on the perpetual securities issued in 2016, with the unpaid...
Landmark REIT Secures Investor Approval for Amendments to Perpetual Securities
Landmark REIT, a Singapore-based real estate investment trust managed by Landmark REIT Management Ltd., funds its activities partly through perpetual securities issued under a S$1 billion Euro Medium Term Securities Programme. Perpetual (Asia) Limite...
Landmark REIT sets key August deadlines in consent drive for S$260m perpetuals
Landmark REIT Management Ltd., as manager of Landmark REIT, has reminded investors of upcoming deadlines in an ongoing consent solicitation involving two series of perpetual securities totaling S$260 million issued under its S$1 billion Euro Medium T...
Landmark REIT Seeks Investor Consent to Reset Benchmark on Perpetual Securities
Landmark REIT’s trustee, Perpetual (Asia) Limited, has launched a consent solicitation for holders of its Series 02 and Series 03 perpetual securities to approve amendments to how the reset distribution rate is calculated. The proposal would sh...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026