JLL Income Property Trust, an institutionally managed daily net asset value real estate investment trust (REIT), has declared its 48th consecutive quarterly dividend.
Under the leadership of President and CEO Allan Swaringen, the REIT has maintained a robust track record of dividend payments with an annualized growth rate of 3.7% over the past 12 years. The Q4 dividend of $0.145 per share represents a yield of approximately 4.4% based on the net asset value (NAV) per share as of the day before the declaration.
Stockholders of record as of December 22, 2023, will receive the dividend payment on December 28. This follows the third-quarter dividend that was distributed to shareholders on September 27, 2023.
JLL Income Property Trust's financial stability is supported by its extensive $7 billion portfolio, which includes:
- Over 14.1 million square feet of industrial properties
- Nearly 4 million square feet of grocery-anchored shopping centers
- Almost 1.4 million square feet of healthcare-oriented investments
- More than 10,600 apartment and single-family rental units
The REIT's performance is further bolstered by its annualized net-of-fee returns of approximately 7.02%, with a low standard deviation measure of volatility at 3.58%. These returns are particularly significant for the lowest fee share class.
Managed by LaSalle Investment Management, which oversees roughly $78 billion in assets, JLL Income Property Trust is known for its low volatility and strategic asset diversification. The company's forward-looking approach includes plans for global expansion of its real estate portfolio.
Investors should note that future dividends are subject to Board approval and may vary across different share classes due to class-specific fees. While JLL Income Property Trust's strategic initiatives project optimism, potential investors are reminded that forward-looking statements involve risks and actual results may differ materially.
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