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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.