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 more than $7.1 billion in portfolio assets, announced that on March 7, 2023, its Board of Directors declared a dividend for the first quarter of 2023 of $0.145 per share, a 3.6% increase from the prior quarter’s $0.14 per share. This represents the eighth dividend increase since JLL Income Property Trust’s inception in 2012, and will be the 45th consecutive quarterly dividend paid to its stockholders.
The quarterly dividend is payable on or around March 31, 2023 to stockholders of record as of March 24, 2023. On an annualized basis, this gross distribution is equivalent to $0.58 per share and represents a yield of approximately 4.1% on a NAV per share of $14.13 for the M-I share class as of February 28, 2023. All stockholders will receive $0.145 per share less applicable share class-specific fees and the annualized yield will differ based on the share class.
“We are pleased to provide continued growth in the current yield to our stockholders through our eighth dividend increase in over 10 years,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “We had strong annualized performance of 10% in 2022, of which 3.9% consisted of current income. As our stockholders and their advisors look to combat the current inflationary environment, dividend growth is how we deliver the inflation hedging benefits of core real estate.”
A fourth quarter dividend of $0.14 per share, less applicable share class specific fees, was paid according to the table below on December 30, 2022 to stockholders of record as of December 23, 2022. Any future dividends will be approved at the discretion of the Board of Directors.
M-I Share |
A-I Share1 |
M Share2 |
A Share3 |
|
---|---|---|---|---|
Q4 Quarterly Gross Dividend per Share |
$0.14000 |
$0.14000 |
$0.14000 |
$0.14000 |
Less: Dealer Manager Fee per Share |
- |
$0.00901 |
$0.01034 |
$0.02796 |
Q4 Quarterly Net Dividend per Share |
$0.14000 |
$0.13099 |
$0.12966 |
$0.11204 |
NAV per Share as of December 31, 2022 |
$14.38 |
$14.40 |
$14.39 |
$14.37 |
Annualized Net Dividend Yield Based on NAV as of December 31, 2022 |
3.9% |
3.6% |
3.6% |
3.1% |
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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