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Overview of JLL Income Property Trust's 2024 Tax Treatment

On January 29, 2025, JLL Income Property Trust, an institutional daily NAV REIT listed under NASDAQ (ZIPTAX, ZIPTMX, ZIPIAX, ZIPIMX), disclosed details regarding the tax treatment of its distributions for the year 2024. With a robust portfolio valued at approximately $6.6 billion, the trust continues to prioritize delivering benefits to its investors through effective dividend management.

Tax Treatment Breakdown

For the tax year ending December 31, 2024, JLL Income Property Trust announced that about 18% of its distributions will be classified as non-dividend distributions or returns of capital, while the remaining 82% qualifies as tax-advantaged long-term capital gains. This approach underlines the firm’s commitment to maximizing tax efficiency on dividends, enhancing the overall benefits for shareholders.

Comments from Leadership

Allan Swaringen, the President and CEO, emphasized that since the inception of JLL Income Property Trust in 2012, a core objective has been to offer consistent and growing dividend distributions to investors. Throughout its twelve-year history, the Trust has implemented nine dividend increases and aimed to optimize the tax implications associated with its distributions, ultimately ensuring that 100% of the distributions over this period have been characterized as either return of capital or long-term capital gain.

Detailed Distribution Data for 2024

The income tax treatment for different classes of stockholders during 2024 is illustrated in the tables below:

Class A Stockholders

Class M, A-I, M-I, and D Stockholders

This detailed tax treatment is consistent across various stockholder classes, demonstrating JLL’s strategy to cater to different investor needs while ensuring an equitable distribution of tax benefits.

For example, Class M stockholders will also see a similar treatment with a total net distribution of $0.58468, including 81.9% classified as capital gain income.

Conclusion

JLL Income Property Trust is committed to providing its shareholders with a solid dividend distribution strategy and a transparent overview of the tax implications associated with their investments. The thorough breakdown of the 2024 distributions indicates a proactive approach to support investors in making informed financial decisions. As part of one of the world's leading real estate services firms, JLL continues to enhance its offerings and adapt to the changing needs of its stakeholders.

For more information about JLL Income Property Trust, you can visit their website at www.jllipt.com.

By implementing strategic financial planning and maintaining open communication, JLL Income Property Trust not only reinforces its position in the real estate investment sector but also fosters trust and reliability among its investors.