JLL Income Property Trust Shifts to Monthly Dividends, Declares $0.0525 Distribution
JLL Income Property Trust (NASDAQ: ZIPTAX), a daily NAV REIT, has switched from quarterly to monthly dividend payments. The company declared three monthly distributions of $0.0525 per share for April, May, and June 2026.
JLL Income Property Trust (NASDAQ: ZIPTAX), a daily NAV REIT focused on core real estate investments, declared three monthly dividends of $0.0525 per share for the second quarter of 2026. The board revoked its previous quarterly dividend declaration of $0.1575 and replaced it with the monthly payment structure. Read more dividend announcements.
The annualized distribution totals $0.63 per share, representing a distribution rate of approximately 5.6% based on the company's net asset value per share of $11.23 as of the approval date. The total quarterly payout remains unchanged at $0.1575, but will now be distributed in three monthly installments instead of a single payment.
"Monthly distributions will now deliver cash and shares to our stockholders faster and more frequently, which we believe to be a meaningful benefit for investors," said JLL Income Property Trust President and CEO Allan Swaringen. He noted the company's track record of 57 consecutive quarterly distributions over its 13-year history.
| Distribution Period | Amount per Share | Record Date | Payment Date |
|---|---|---|---|
| Q1 2026 (Quarterly) | $0.1575 | March 2026 | April 1, 2026 |
| April 2026 (Monthly) | $0.0525 | April 23, 2026 | May 1, 2026 |
| May 2026 (Monthly) | $0.0525 | May 22, 2026 | June 1, 2026 |
| June 2026 (Monthly) | $0.0525 | June 23, 2026 | July 1, 2026 |
The company will pay its first quarter 2026 quarterly distribution of $0.1575 per share on April 1, 2026, before switching to the monthly payment schedule. Net distributions vary by share class due to investor servicing fees ranging from 0.30% to 0.85% of NAV.
JLL Income Property Trust is an institutionally managed REIT sponsored by JLL, one of the world's leading real estate services firms. The company's portfolio consists of core real estate investments selected by an institutional investment management team.