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.
About LaSalle Investment Management
LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages more than $69 billion of assets in private and public real estate property and debt investments as of Q3 2020. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com, and LinkedIn.
NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.