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JLL Boosts Dividends Again

Real estate fundamentals remain strong one year into the new administration.

chi-AllanSwaringen (3) Allan Swaringen of JLL

CHICAGO—JLL Income Property Trust has built a national portfolio of safe, diversified core properties across the retail, apartment, industrial and office sectors. It’s designed to provide its thousands of stockholders with steady returns, but it can also provide a useful look into the overall performance of the market. And based on the Chicago-based NAV REIT’s numbers, things look quite good.

The trust announced that on March 6 its board of directors approved a gross dividend for the first quarter of 2018 of $0.13 per share, a 4% increase from its prior distribution for the fourth quarter 2017 of $0.125 per share. This is the fifth time the trust has raised its dividend since the first quarter of 2012, and the twenty-fifth consecutive quarterly dividend distribution to its stockholders, with an average annual increase of 5.4% during the period.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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