I'm happy to add Lippo Malls Indo Retail Trust (LMIR) to my portfolio very recently with a dividend yield slightly above 7%. I bought the shares on weakness after LMIR went ex-dividend & the price dropped more than expected (more than dividend payout amount). As Indonesia continues to grow & expand (much faster than SG), I'm pretty sure there will be a steady increase in the number of middle-class who expect higher & better standards of living. These middle class will also possess more spending power which is one of the reasons why I'm venturing into this REIT that's exposed to the Indonesian market.
"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, and real estate related assets in connection with the foregoing purposes. The Properties are strategically located in major cities of Indonesia with large population catchment areas and are accessible via major transportation routes and highways." -SGX (14aug'13)
Current holdings as of 14 August 2013
