Press Release
JLL Income Property Trust Declares 55th Consecutive Quarterly Dividend
August 13, 2025
Naperville, IL
Acquired April 2025
Richmond, Virginia
Acquired March 2025
Maple Grove, MN
Acquired November 2024
Sherwood, OR
Acquired February 2024
August 7, 2025
JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ:ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investment assets, announced that on November 5, 2024, its Board of Directors declared a dividend for the fourth quarter of 2024 of $0.1575 per share. This will be the 52nd consecutive dividend paid to its stockholders.
The dividend is payable on or around December 27, 2024 to stockholders of record as of December 23, 2024. On an annualized basis, this gross dividend is equivalent to $0.63 per share and represents a yield of approximately 5.4% on a NAV per share of $11.58 as of September 30, 2024. All stockholders will receive $0.1575 per share less applicable share class specific fees and the annualized yield will differ based on the share class.
“We are proud that JLL Income Property Trust continues to be a reliable and growing source of current income for our stockholders, with this being our 52nd consecutive quarterly dividend payable to stockholders,” said JLL Income Property Trust President and CEO Allan Swaringen. “Over our 12-year history, we have increased the dividend nine times for an average annual increase of 4.1% – providing important inflation-hedging income to our stockholders.”
A third quarter 2024 dividend of $0.1575 per share, less applicable share class specific fees, was paid according to the table below on September 26, 2024 to stockholders of record as of September 23, 2024. Any future dividends will be approved at the discretion of the Board of Directors.
M-I Share | A-I Share1 | M Share2 | A Share3 | |
Q3 Quarterly Gross Dividend per Share | $0.1575 | $0.1575 | $0.1575 | $0.1575 |
Less: Dealer Manager Fee per Share | - | ($0.00681) | ($0.00799) | ($0.02137) |
Q3 Quarterly Net Dividend per Share | $0.1575 | $0.15069 | $0.14951 | $0.13613 |
NAV per Share as of September 30, 2024 | $11.58 | $11.60 | $11.58 | $11.57 |
Annualized Net Dividend Yield Based on NAV as of September 30, 2024 | 5.4% | 5.2% | 5.2% | 4.7% |
JLL Income Property Trust is an institutionally managed, daily NAV REIT that brings to investors a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.
You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust (JLLIPT). Some of these risks include but are not limited to the following:
This literature contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” and other similar terms, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks, uncertainties, and contingencies include, but are not limited to, the following: our ability to effectively raise capital in our offering; uncertainties relating to changes in general economic and real estate conditions; uncertainties relating to the implementation of our investment strategy; and other risk factors as outlined in our prospectus and periodic reports filed with the Securities and Exchange Commission. Although JLLIPT believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. JLLIPT undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in our expectations.
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