Lippo Mall Indonesia Retail Trust's (SGX:D5IU) net property income during the second quarter of the year declined by 1% to SG$29.1 million from SG$29.4 million, according to a Monday filing with the Singapore Exchange.
Shares of the trust surged nearly 87% in recent trading.
Gross revenue was up 4.5% year over year to SG$50.3 million from SG$48.1 million.
Meanwhile, rental revenue rose 0.2% to SG$27.1 million from SG$27.0 million.