LMIR has dropped by a lot to $0.40 recently, partly due to the fact that they went for private placement which decreases their yield, price-to-book ratio and secured NAV. The above data are all estimates.
Do note that the Indonesian Rupiah has dropped by a lot which has affected the valuation of their properties. (http://www.xe.com/currencycharts/?from=SGD&to=IDR). The worse part is that their loans are all in SGD which means increased leverage simply based on currency movements. Thus in my calculations, I factored a 15% discount to its asset values from the latest statements. I have also factored in a drop in the distributions.
Indonesian REITs (Both LMIR and First REIT) are getting more risky to invest simply because of currency plays. I don't think it is worth investing now until the country get their currency right and stable. I was an investor before but sold all of them in October. I prefer Singapore properties currently. (SGD is getting stronger against other currencies so local is still the best)