Lippo Malls REIT (LMIR)

[Greenrookie]

I have also divested. However, I am very puzzled how it is possible that malls that are already in operation to not contribute to increase in income? How can the operating costs equal to or is higher than the rents collected? Is indeed that is the case, why still make that aquisition?

LMIR recently issued $200 million Notes due in 2015 with 4.88% interest and $50 million Notes due in 2017 with 5.875% interest. Since the acquisitions was funded with debt, my guess is the NPI yield didn't exceed the interest rate expense.

Hmm.. But I thought all aquisitions by reits is mostly financed by debts? Anyway the sum doesn't add up.
The expected NPI is about 110 million, after taking account interest payment and operating costs, where did the money go to ??