Jones Lang LaSalle Income Property Trust Declares 10th Consecutive Quarterly Dividend
12 June 2014 - Jones Lang LaSalle Income Property Trust, Inc., an institutionally-managed, non-listed, daily valued perpetual life REIT, today announced the declaration by its board of directors of a regular quarterly dividend of $0.11 per share for the second quarter 2014. This marks the tenth consecutive quarterly dividend paid to stockholders.
The dividend is payable on August 1, 2014 to stockholders of record on June 27, 2014. On an annualized basis, this gross dividend is equivalent to $0.44 per share andrepresents a yield of approximately 4.2% on our current NAV per share. All stockholderswill receive $0.11 per share less applicable share class-specific fees. “We are pleased to continue to deliver to our stockholders attractive current income on their investment in our shares. Providing reliable distributions on a quarterly basis is one of our primary objectives. We are also proud to note that we have one of the strongest dividend coverage ratios in the non-listed REIT industry,” commented Allan Swaringen, President and CEO of Jones Lang LaSalle Income Property Trust. Jones Lang LaSalle Income Property Trust is a non-listed, daily valued perpetual life real estate investment trust (REIT) that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.
For more information on Jones Lang LaSalle Income Property Trust, please visit our website atwww.jllipt.com.