Lippo Malls Indonesia Retail Trust
LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes. LMIR Trust's portfolio comprises 29 retail properties (the Properties) with a total net lettable are… Read more
Lippo Malls Indonesia Retail Trust (LPMDF) - Net Assets
Latest net assets as of June 2025: $654.72 Million USD
Based on the latest financial reports, Lippo Malls Indonesia Retail Trust (LPMDF) has net assets worth $654.72 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.55 Billion) and total liabilities ($894.47 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $654.72 Million |
| % of Total Assets | 42.26% |
| Annual Growth Rate | -0.58% |
| 5-Year Change | -9.44% |
| 10-Year Change | -34.89% |
| Growth Volatility | 18.05 |
Lippo Malls Indonesia Retail Trust - Net Assets Trend (2008–2024)
This chart illustrates how Lippo Malls Indonesia Retail Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lippo Malls Indonesia Retail Trust (2008–2024)
The table below shows the annual net assets of Lippo Malls Indonesia Retail Trust from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $699.99 Million | +1.41% |
| 2023-12-31 | $690.25 Million | -11.93% |
| 2022-12-31 | $783.76 Million | -20.63% |
| 2021-12-31 | $987.47 Million | +27.75% |
| 2020-12-31 | $772.95 Million | -28.16% |
| 2019-12-31 | $1.08 Billion | -0.30% |
| 2018-12-31 | $1.08 Billion | -7.60% |
| 2017-12-31 | $1.17 Billion | -5.24% |
| 2016-12-31 | $1.23 Billion | +14.64% |
| 2015-12-31 | $1.08 Billion | -6.49% |
| 2014-12-31 | $1.15 Billion | +13.89% |
| 2013-12-31 | $1.01 Billion | -17.98% |
| 2012-12-31 | $1.23 Billion | -5.31% |
| 2011-12-31 | $1.30 Billion | +44.12% |
| 2010-12-31 | $901.91 Million | +1.17% |
| 2009-12-31 | $891.51 Million | +16.06% |
| 2008-12-31 | $768.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lippo Malls Indonesia Retail Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $443.20 Million | 63.32% |
| Other Comprehensive Income | $256.79 Million | 36.68% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $699.99 Million | 100.00% |
Lippo Malls Indonesia Retail Trust Competitors by Market Cap
The table below lists competitors of Lippo Malls Indonesia Retail Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tryptamine Therapeutics Ltd
AU:TYP
|
$19.83 Million |
|
Safe Fertility Group Public Company Limited
BK:SAFE
|
$19.84 Million |
|
Fitzroy Minerals Inc
OTCQB:FTZFF
|
$19.85 Million |
|
Force MOS Technology Co., LTD.
TWO:4923
|
$19.85 Million |
|
Mico BioMed Co. Ltd.
KQ:214610
|
$19.82 Million |
|
Wisr Ltd
AU:WZR
|
$19.82 Million |
|
Sýn hf
IC:SYN
|
$19.81 Million |
|
Herald Holdings Limited
STU:HH3
|
$19.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lippo Malls Indonesia Retail Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 690,252,000 to 699,987,000, a change of 9,735,000 (1.4%).
- Net loss of 36,379,000 reduced equity.
- Other comprehensive income decreased equity by 1.
- Other factors increased equity by 46,114,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-36.38 Million | -5.2% |
| Other Comprehensive Income | $-1.00 | -0.0% |
| Other Changes | $46.11 Million | +6.59% |
| Total Change | $- | 1.41% |
Book Value vs Market Value Analysis
This analysis compares Lippo Malls Indonesia Retail Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $0.64 | $0.01 | x |
| 2009-12-31 | $0.74 | $0.01 | x |
| 2010-12-31 | $0.59 | $0.01 | x |
| 2011-12-31 | $0.79 | $0.01 | x |
| 2012-12-31 | $0.50 | $0.01 | x |
| 2013-12-31 | $0.40 | $0.01 | x |
| 2014-12-31 | $0.41 | $0.01 | x |
| 2015-12-31 | $0.35 | $0.01 | x |
| 2016-12-31 | $0.39 | $0.01 | x |
| 2017-12-31 | $0.37 | $0.01 | x |
| 2018-12-31 | $0.34 | $0.01 | x |
| 2019-12-31 | $0.33 | $0.01 | x |
| 2020-12-31 | $0.26 | $0.01 | x |
| 2021-12-31 | $0.13 | $0.01 | x |
| 2022-12-31 | $0.10 | $0.01 | x |
| 2023-12-31 | $0.09 | $0.01 | x |
| 2024-12-31 | $0.09 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lippo Malls Indonesia Retail Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.70%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.35x
- Recent ROE (-5.20%) is below the historical average (1.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 21.89% | 165.22% | 0.10x | 1.31x | $91.31 Million |
| 2009 | 4.47% | 49.98% | 0.07x | 1.33x | $-49.35 Million |
| 2010 | 12.23% | 85.23% | 0.11x | 1.34x | $20.07 Million |
| 2011 | 6.69% | 63.90% | 0.08x | 1.30x | $-43.02 Million |
| 2012 | 12.07% | 103.16% | 0.07x | 1.57x | $25.48 Million |
| 2013 | 6.98% | 46.16% | 0.08x | 1.80x | $-30.52 Million |
| 2014 | 5.55% | 46.59% | 0.07x | 1.75x | $-51.15 Million |
| 2015 | 2.46% | 15.29% | 0.09x | 1.85x | $-81.06 Million |
| 2016 | 2.34% | 15.33% | 0.09x | 1.68x | $-94.42 Million |
| 2017 | 5.37% | 31.77% | 0.10x | 1.77x | $-54.08 Million |
| 2018 | 5.65% | 26.46% | 0.12x | 1.82x | $-46.99 Million |
| 2019 | 1.25% | 4.95% | 0.14x | 1.87x | $-94.09 Million |
| 2020 | -29.78% | -154.98% | 0.09x | 2.12x | $-307.50 Million |
| 2021 | -3.29% | -18.57% | 0.09x | 2.05x | $-131.26 Million |
| 2022 | 0.20% | 0.77% | 0.11x | 2.34x | $-76.79 Million |
| 2023 | -18.25% | -63.87% | 0.11x | 2.50x | $-195.01 Million |
| 2024 | -5.20% | -18.70% | 0.12x | 2.35x | $-106.38 Million |
Industry Comparison
This section compares Lippo Malls Indonesia Retail Trust's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $22,048,860,627
- Average return on equity (ROE) among peers: 3.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lippo Malls Indonesia Retail Trust (LPMDF) | $654.72 Million | 21.89% | 1.37x | $19.83 Million |
| Agree Realty Corporation (ADC) | $137.98 Million | 10.88% | 0.90x | $9.41 Billion |
| AEORF (AEORF) | $210.91 Billion | 5.61% | 0.83x | $1.34 Billion |
| Acadia Realty Trust (AKR) | $83.00 Million | 4.58% | 2.01x | $2.69 Billion |
| Alexander & Baldwin Holdings Inc (ALEX) | $1.07 Billion | 3.30% | 0.75x | $1.50 Billion |
| Alexanders Inc (ALX) | $50.92 Million | -34.84% | 17.09x | $515.62 Million |
| Saul Centers Inc (BFS) | $-4.60 Million | 0.00% | 0.00x | $453.57 Million |
| Brixmor Property (BRX) | $2.72 Billion | 9.94% | 2.08x | $8.61 Billion |
| CBL & Associates Properties Inc (CBL) | $1.08 Billion | 10.83% | 4.49x | $694.28 Million |
| Capital & Counties Properties PLC (CCPPF) | $2.51 Billion | 17.90% | 0.23x | $1.88 Billion |
| CapitaLand China Trust (CLDHF) | $1.93 Billion | 4.63% | 1.02x | $745.61 Million |