JLL Income Property Trust Declares 35th Consecutive Quarterly Dividend
August 17, 2020
CHICAGO, Aug. 17, 2020 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on August 6, 2020 its Board of Directors approved a gross dividend for the third quarter of 2020 of $0.135 per share. JLL Income Property Trust has declared 35 consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.
The dividend is payable on or around September 29, 2020 to stockholders of record as of September 24, 2020. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.6 percent on a NAV per share of $11.65 as of August 5, 2020. All stockholders will receive $0.135 per share less applicable share class specific fees and the annualized yield will differ based on the share class.
“Now more than ever it is critical that our stockholders have investments in their portfolio are capable of providing positive cashflow,” said Allan Swaringen, President and CEO of JLL Income Property Trust. “Through these past months, clients have increasingly turned to us for the expert real estate advice and knowledge they need to help navigate these difficult waters. Our diversified, core real estate strategy has continued to weather market volatility and provide the stability investors desire.”
