Lippo Malls Indonesia REIT's (SGX:D5IU) net property income during the first quarter of the year declined by 2.4% to SG$29.2 million from SG$29.9 million a year earlier, according to a Monday filing with the Singapore Exchange.
Rental revenue declined marginally by 0.2% to SG$27.5 million.
Gross revenue was up 1.4% year over year to SG$49.9 million from SG$49.2 million.
Shares of the REIT were up nearly 8% in recent trading.
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