Jones Lang LaSalle Income Property Trust, Inc. · NASDAQ:ZIPTAX
Jones Lang LaSalle Income Property Trust — JLL Income Property Trust — Investor Presentation (April 2024)
34 slides from Jones Lang LaSalle Income Property Trust's investor presentation, April 2024
Slide 1: Investor Presentation 1Q 2024
Investor Presentation 1Q 2024 This sales and advertising literature is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. This literature must be read in conjunction with the prospectus in order to fully understand all of the implic
Slide 2: Risk Factors
Risk Factors SUMMARY OF RISK FACTORS FORWARD- LOOKING STATEMENT DISCLOSURE You should read the prospectus carefully for a description of the risks associated with an investment in JLL Income Property Trust. Some of these risks include but are not limited to the following: • Since there is no public
Slide 3: JLL Platform
JLL Platform Section 1 JLL Platform Section 2 Core Real Estate Section 3 Portfolio Overview Section 4 Appendix Note: Property shown on this slide is included in the JLL Income Property Trust portfolio. NOT FOR USE WITH OHIO OR NEW JERSEY RESIDENTS.
Slide 4: Capabilities
We shape the future of real estate for a better world 250 Y 300offices 103,000 NYSE: JLL 1 Real Estate Experience Operating in 80 Countries Employees Worldwide Publicly Traded Spanning 5 Continents Company Leasing Capabilities Property and Facility Management Awards Advisory, Consulting and Other Ca
Slide 5: Total AUM $87.4B Core Real Estate
Over 250 years of Total AUM Real Estate and Investment Management Experience. $87.4B • 4.6B square feet in property Core Real Estate and facilities management $54.9B • 37,500 leasing transactions One of the largest real • $315B of client transactions estate investment • 240,000 metric tons of CO2 co
Slide 6: Core Real Estate
Core Real Estate Section 1 JLL Platform Section 2 Core Real Estate Section 3 Portfolio Overview Section 4 Appendix Note: Property shown on this slide is included in the JLL Income Property Trust portfolio. NOT FOR USE WITH OHIO OR NEW JERSEY RESIDENTS.
Slide 7: Real estate is a major industry and significant asset class
U.S. Traded Fixed Income $ 54T Third Largest Asset U.S. Real Estate Class Real estate is a major industry $ 21T Publicly Traded REIT Stocks and a significant asset class. $ 1.22T U.S. Stock Market SOURCE: Federal Reserve, Bureau of Economic Analysis, NAREIT, SIFMA, World Bank, Economy.com and LaSall
Slide 8: Portfolio Diversification
Portfolio Diversification REAL ESTATE’S CORRELATION TO OTHER ASSET CLASSES Reflects 20-Year period ending 4Q 2023 Private Core Asset Class Large Cap Stocks Corporate Bonds Public Real Estate T-Bills Real Estate Private Core Real Estate 1.00 Large Cap Stocks 0.04 1.00 Corporate Bonds (0.32) 0.45 1.00
Slide 9: Risk-Adjusted Returns
Risk-Adjusted Returns PRIVATE CORE REAL ESTATE VERSUS OTHER ASSET CLASSES Reflects 20-Year period ending 4Q 2023 Average Annual Total Return Standard Deviation1 Sharpe Ratio2 Private Core Real Estate 7.2% 7.4% 0.78 Public Real Estate 8.3% 22.1% 0.31 Corporate Bonds 4.3% 6.5% 0.43 Large Cap Stocks 9.
Slide 10: Quarterly Total Returns
Private Real Estate Has Historically Offered Less Volatility Total Returns, Public vs. Private Real Estate 30% 20% 10% Quarterly Total Returns 0% -10% -20% -30% -40% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Public Re
Slide 11: Real Estate Income Historically Exceeds Inflation
Real Estate Income Historically Exceeds Inflation on Long Term Basis Real Estate Income and Inflation 280 Real Estate Income 260 240 Index Levels, 1992 = 100 220 200 Inflation 180 160 140 120 100 80 1992 2009 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2010 2011 2
Slide 12: Real Estate Investment Styles
Real Estate Investment Styles For Illustrative Purposes Only RETURN INCOME – Lower Return / Lower Risk GROWTH – Higher Return / Higher Risk CORE VALUE-ADD OPPORTUNISTIC RISK Low Leverage (30%-50%) Moderate Leverage (50%-75%) High Leverage (75%+) • Lower risk • Medium risk • Higher risk • Well-leased
Slide 13: Portfolio Overview
Portfolio Overview Section 1 JLL Platform Section 2 Core Real Estate Section 3 Portfolio Overview Section 4 Appendix Note: Property shown on this slide is included in the JLL Income Property Trust portfolio. NOT FOR USE WITH OHIO OR NEW JERSEY RESIDENTS.
Slide 14: Investment Objectives
Investment Objectives Generate attractive income for Preserve and protect invested capital To seek current income and long-term distribution to stockholders capital appreciation from carefully selected real estate investments. Achieve NAV appreciation over time Enable the use of real estate as a com
Slide 15: Portfolio Overview Key Highlights
Portfolio Overview KEY HIGHLIGHTS $4.0B Net Asset Value1 39% 6.8 138 96% Leverage Ratio $ B 20.0M AUM Properties Leased Square Feet 10,691 Residential Units 28 49 States Markets Source: JLL Income Property Trust. Information represents fair value of properties as of March 31, 2024. 1 NAV includes co
Slide 16: Current Portfolio
Current Portfolio 42% 32% RESIDENTIAL $2.7B 26 Apartment Communities 4,500 SFR Homes INDUSTRIAL $2.1B 59 Industrial Buildings 3% OFFICE $202M 3 Office Properties 9% 12% 2% HEALTHCARE GROCERY-ANCHORED RETAIL $608M $757M 23 Healthcare Properties 20 Shopping Centers PRIVATE REAL ESTATE CREDIT Source: J
Slide 17: Active Management of Portfolio Diversification
Active Management of Portfolio Diversification Property Sector Allocations Q1 2024 42% 32% 12% 9% 3% 2% Q4 2012 25% 6% 18% 51% Residential Industrial Grocery-Anchored Retail Healthcare Office Private Real Estate Credit Source: JLL Income Property Trust. Information represents fair value of propertie
Slide 18: Residential
Residential We seek to invest in residential properties located in or near employment centers or in top school districts nationwide with favorable potential for employment growth with access to transportation and retail and service amenities. 26 Apartment Communities 2 Single-Family Rental Portfolio
Slide 19: Industrial
Industrial We seek to invest in industrial properties located in major distribution hubs and near transportation modes such as port facilities, airports, rail lines and major highway systems. 59 Industrial Buildings 14.1M Square Feet 98% Leased $2.1B Industrial Assets Source: JLL Income Property Tru
Slide 20: Grocery-Anchored Retail
Grocery-Anchored Retail We seek investments in grocery-anchored shopping centers located within densely populated residential areas. LaSalle Ranks 40,000+ grocery-anchored centers to target the best trade areas, giving each location a LaSalle’s Supermarket Trade Area Rating System (STARS) score. 20
Slide 21: Healthcare
Healthcare We view the healthcare industry as having significant demographic tailwinds. We seek to invest in medical office and life science assets with significant tenant investments which we believe increases renewal probabilities over time. 18 Medical Office Buildings 5 Life Sciences Buildings 1.
Slide 22: ESG Integration Through Active Asset Management
ESG Integration Through Active Asset Management Residential Industrial Grocery-Anchored Retail Healthcare Office Stabilized suburban garden- Warehouse and distribution Grocery-anchored open-air Focus on medical office and Class A office properties style apartments in supply- centers located in major
Slide 23: Awards and Recognition
Awards and Recognition Demonstrates commitment Pensions & Investments Dow Jones to transparency in gender- Best Place to Work in Sustainability Index related data reporting Money Management, North America Member3 8th consecutive year2 Demonstrates In 2023, LaSalle achieved World’s Most Ethical commi
Slide 24: Investment Performance
Investment Performance TOTAL RETURNS Class M-I Shares Net Return Class A Shares Net Return ZIPIMX ZIPTAX 7% 7% 4.79% 6.08% 4.08% 5.28% 5.23% -8.66% 0.50% 4.26% 1.56% 5% -9.35% 0.56% 3.52% 1.61% 5% 1.61% 3% 3% 3.76% 3.49% 3.69% 3.60% 3.55% 4.52% 4.24% 4.44% 4.43% 1% 1% -1% -0.18% -1% -0.20% -3% -3% -
Slide 25: Consistent Distribution Growth
Consistent Distribution Growth 49 CONSECUTIVE QUARTERLY DISTRIBUTIONS WITH 3.6% ANNUALIZED DIST RIBUTION GROWTH $0.150 3.6% 3.7% Distribution per Share (Quarterly) $0.140 3.8% 4.0% $0.130 4.2% 9.1% $0.120 10.0% $0.110 5.3% $0.100 $0.090 Distribution payments are not guaranteed and may be modified at
Slide 26: Key Differentiators
Key Differentiators 11y 4.8% Proprietary Track Record Income1 Research Pioneered the Daily NAV REIT 49 consecutive, consistent and Leverage proprietary global market structure and have grown and growing tax-efficient liquidity data, analytics, and research to operated longer than anyone else in dist
Slide 27: Appendix
Appendix Section 1 JLL Platform Section 2 Core Real Estate Section 3 Portfolio Overview Section 4 Appendix Note: Property shown on this slide is included in the JLL Income Property Trust portfolio. NOT FOR USE WITH OHIO OR NEW JERSEY RESIDENTS.
Slide 28: Rigorous and Independent Valuation Process
Rigorous and Independent Valuation Process1 Every property in the portfolio is externally valued at least once every quarter 1Property valuations performed by an 2Appraisals are completed on a 3 Changes in property valuations, along independent valuation advisor, rotational basis, meaning nearly wit
Slide 29: Change in NAV
Over the last 11+ years IPT has sold 44 properties at an aggregate value of over Change in NAV1 $1 billion, all trading within 2% of the last independent SitusAMC appraisal. 66% of days No Change Arm’s Length SitusAMC SALE 24% of days Independent Property Increase Appraisal PRICE 10% of days 2% Decr
Slide 30: Summary of Offering
Summary of Offering Structure Institutionally managed, daily valued, perpetual life real estate investment trust (REIT) Sponsor/Advisor Jones Lang LaSalle Incorporated ("JLL") which is the parent of both LaSalle Investment Management Distributors, Inc. $10.00 initial offering price, October 1, 2012,
Slide 31: Investment Strategy and Tools
Investment Strategy and Tools INVESTMENT STRATEGY INFORMED BY MARKET VIEWS AND ANALYSIS Benchmark Index Investment Strategy Forecasts and Annual Analysis US, Canada, and Global Secular Trends Analysis and Best Ideas Proprietary Market Predictive Data Rent & Vacancy Analytics Forecasts Such as LAT an
Slide 32: Where Real Estate Experience is Found
Where Real Estate Experience is Found MANAGED BY AN EXPERIENCED TEAM OF REAL ESTATE PROFESSIONALS Board of Directors 9-member, majority independent board of directors JLL Income Property Trust Research and Strategy Portfolio Team North American Investment Committee 7 professionals Allan Swaringen Se
Slide 33: JLL Income Property Trust
JLL Income Property Trust PRIVATE WEALTH GROUP New York City Chicago Office Charles Murray Jon Abrahamovich Long Island 333 West Wacker Drive Head of Intermediary Distribution Head of RIA Sales Fairfield County, CT Chicago, IL 60606 Chicago, IL Chicago, IL Westchester County, NY (855) 823-5521 (312)
Slide 34: Index Definitions and Disclosures
INDEX DEFINITIONS: actual realized returns on unrealized investments may differ materially from the vacancies of properties, changes in tax and regulatory requirements returns indicated herein. (including zoning laws and environmental restrictions), losses due to costs The Citigroup Broad Investment
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