JLL Income Property Trust Declares 53rd Consecutive Quarterly Dividend

Core Viewpoint - JLL Income Property Trust has declared a dividend of $0.1575 per share for Q1 2025, marking the 53rd consecutive dividend payment to stockholders, reflecting the company's commitment to providing consistent income [1][3]. Dividend Details - The dividend is payable on or around March 28, 2025, to stockholders of record as of March 25, 2025, with an annualized gross dividend of $0.63 per share, representing a yield of approximately 5.5% based on a NAV per share of $11.47 as of December 31, 2024 [2]. - The fourth quarter 2024 dividend of $0.1575 per share was paid on December 27, 2024, to stockholders of record as of December 23, 2024 [3]. Historical Performance - Over its 13-year history, JLL Income Property Trust has increased its dividend nine times, averaging an annual increase of 4.1%, which provides important inflation-hedging income to stockholders [3]. Share Class Specifics - The net dividend per share varies by share class due to applicable fees, with the following net dividends reported for Q4 2024: - M-I Share: $0.1575 - A-I Share: $0.15061 - M Share: $0.14923 - A Share: $0.13571 [4]. - The NAV per share as of December 31, 2024, was reported as follows: - M-I Share: $11.47 - A-I Share: $11.49 - M Share: $11.48 - A Share: $11.46 [4]. Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with approximately $6.6 billion in portfolio equity and debt investments, focusing on a diversified portfolio of high-quality, income-producing commercial real estate across the United States [1][7]. - The company is sponsored by LaSalle Investment Management, a leading global real estate investment manager managing $88.2 billion in assets as of Q3 2024 [8].