Monthly NAV Decreases by 3.2% for JLL Income REIT

JLL Income Property Trust Inc. reported a 3.2% decrease in its total net asset value for June 2024, reducing it to approximately $2.6 billion, with all share classes experiencing declines in their NAV.

July 09, 2024

JLL Income Property Trust Inc., a daily net asset value non-traded REIT, announced its updated monthly NAV per share for its various common stock classes as of June 30, 2024. The REIT’s total NAV across all share classes stood at around $2.6 billion, marking a 3.2% decrease from nearly $2.7 billion the previous month.

As of June 30, 2024:
- Class A shares had a NAV of $11.71 per share, down from $11.87 on May 31, 2024, reflecting a 1.3% decrease.
- Class M shares had a NAV of $11.72 per share, down from $11.89, a 1.4% decrease.
- Class A-I shares had a NAV of $11.74 per share, down from $11.91, showing a 1.4% decrease.
- Class M-I shares had a NAV of $11.72 per share, down from $11.89, also a 1.4% decrease.
- Class D shares had a NAV of $11.70 per share, down from $11.88, representing a 1.5% decrease.

During the quarter ending June 30, 2024, the REIT redeemed close to 9.8 million shares for around $116.4 million under its share repurchase plan, meeting 100% of all redemption requests. From July 1 to September 30, the REIT will limit eligible share repurchases to around $130.1 million, equivalent to 5% of the NAV of all share classes as of the last business day of the prior quarter.

Since its launch in October 2012, the REIT has raised about $5.63 billion through ongoing public and private offerings and its distribution reinvestment plan as of the end of June 2024.

JLL Income Property Trust, an institutionally managed REIT, held interests in 133 residential, industrial, office, and grocery-anchored retail properties across the U.S. as of March 31, 2024, including nearly 4,500 single-family rental homes spread across 28 states.