Fundies.
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JLL Income Property Trust, Inc.

EDGAR
Current report (8-K) · filed 2026-10-13

Annual consolidated revenue for 2025: about USD 453.9M, using the latest reported figures. The previous period, 2024, was about USD 407.6M.

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Watchlist

Latest quarter

Revenue

120 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating cash flow

35.6 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 69398000 USD Source
  • Operating Cash Flow: 33775000 USD Source
Cash and cash equivalents
90.6 million USD Source
Exact value

90551000 USD

Long-term debt including current maturities
1.82 billion USD Source
Exact value

1820460000 USD

Shares outstanding
216 million shares Source
Exact value

216466318 shares

Reported share-count change

-1.87% · -4.13 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 220599691 shares · 2024-09-30· Source
  • 216466318 shares · 2025-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

480 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 117796000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 453854000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 331933000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 120662000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 119850000 USD · 2026-04-01 – 2026-06-30 Source

Net income

7.38 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -8902000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -25808000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -17336000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: 16874000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 7884000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

137 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 106538000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 64625000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 131756000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 106538000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 33775000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 69398000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 33775000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-13.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2024-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 11 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 4 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +11.3%

    Prior period

    USD 407.63 million

    –

    Current period

    USD 453.85 million

    –

    Exact inputs and evidence

    453854000 − 407633000 = 46221000 USD

    407633000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    453854000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -230.1%

    Prior period

    USD 19.84 million

    –

    Current period

    −USD 25.81 million

    –

    Exact inputs and evidence

    -25808000 − 19839000 = -45647000 USD

    19839000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -25808000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +18.6%

    Prior period

    USD 111.08 million

    –

    Current period

    USD 131.76 million

    –

    Exact inputs and evidence

    131756000 − 111083000 = 20673000 USD

    111083000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    131756000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 453.85 million 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income −USD 25.81 million −5.7% of revenue

Cash

  • Operating cash flow USD 131.76 million 29% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 84%12%
  • 2017 14%71%16%
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Net loss: net income was −13% of revenue.
  • 2023 Net loss: net income was −28% of revenue.
  • 2024 60%35%
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31131859000 16139000 Derived 115720000 110785000 Derived 4935000 Unavailable
Source
2017 2017-01-01 – 2017-12-31164734000 25873000 Derived 138861000 116313000 Derived 22548000 Unavailable
Source
2018 2018-01-01 – 2018-12-31170512000 UnavailableUnavailableUnavailable25567000 Unavailable
Source
2019 2019-01-01 – 2019-12-31174279000 UnavailableUnavailableUnavailable99933000 Unavailable
Source
2020 2020-01-01 – 2020-12-31193621000 UnavailableUnavailableUnavailable-44006000 Unavailable
Source
2021 2021-01-01 – 2021-12-31239338000 UnavailableUnavailableUnavailable49121000 Unavailable
Source
2022 2022-01-01 – 2022-12-31337188000 121380000 Derived 215808000 258359000 Derived -42551000 Unavailable
Source
2023 2023-01-01 – 2023-12-31393919000 139116000 Derived 254803000 366542000 Derived -111739000 Unavailable
Source
2024 2024-01-01 – 2024-12-31407633000 142689000 Derived 264944000 245105000 Derived 19839000 Unavailable
Source
2025 2025-01-01 – 2025-12-31453854000 UnavailableUnavailableUnavailable-25808000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 453.9M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.490.2M367.6M245.1M122.5M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue131859000
2017Revenue164734000
2018Revenue170512000
2019Revenue174279000
2020Revenue193621000
2021Revenue239338000
2022Revenue337188000
2023Revenue393919000
2024Revenue407633000
2025Revenue453854000

Revenue growth

Change in revenue from the same financial period one year earlier.

11.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.45%34%22%11%0%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year41.4%
2017Year over year24.9%
2018Year over year3.5%
2019Year over year2.2%
2020Year over year11.1%
2021Year over year23.6%
2022Year over year40.9%
2023Year over year16.8%
2024Year over year3.5%
2025Year over year11.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 65% 2024
Net margin -5.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.97%63%30%-4%-38%20162021-12-312025-12-31
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin87.8%
2017Operating margin84.3%
2018-12-31Operating marginNot reported
2019-12-31Operating marginNot reported
2020-12-31Operating marginNot reported
2021-12-31Operating marginNot reported
2022Operating margin64%
2023Operating margin64.7%
2024Operating margin65%
2025-12-31Operating marginNot reported
2016Net margin3.7%
2017Net margin13.7%
2018Net margin15%
2019Net margin57.3%
2020Net margin-22.7%
2021Net margin20.5%
2022Net margin-12.6%
2023Net margin-28.4%
2024Net margin4.9%
2025Net margin-5.7%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 131.8M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.142.3M106.7M71.1M35.6M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow39508000
2017Operating cash flow64897000
2018Operating cash flow59393000
2019Operating cash flow62702000
2020Operating cash flow62354000
2021Operating cash flow87349000
2022Operating cash flow60503000
2023Operating cash flow99871000
2024Operating cash flow111083000
2025Operating cash flow131756000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

63.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.69%52%34%17%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets40.5%
2017Liabilities / assets46.4%
2018Liabilities / assets45.9%
2019Liabilities / assets40.8%
2020Liabilities / assets45.6%
2021Liabilities / assets58.1%
2022Liabilities / assets57.4%
2023Liabilities / assets59%
2024Liabilities / assets59.6%
2025Liabilities / assets63.8%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 4.94 million
Exact value

Exact value: 4935000 USD

2016-01-01 – 2016-12-31: 4935000 USD Inspect Net Income Open source
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USD 39.51 million
Exact value

Exact value: 39508000 USD

2016-01-01 – 2016-12-31: 39508000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
USD 22.55 million
Exact value

Exact value: 22548000 USD

2017-01-01 – 2017-12-31: 22548000 USD Inspect Net Income Open source
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USD 64.9 million
Exact value

Exact value: 64897000 USD

2017-01-01 – 2017-12-31: 64897000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
USD 25.57 million
Exact value

Exact value: 25567000 USD

2018-01-01 – 2018-12-31: 25567000 USD Inspect Net Income Open source
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USD 59.39 million
Exact value

Exact value: 59393000 USD

2018-01-01 – 2018-12-31: 59393000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
USD 99.93 million
Exact value

Exact value: 99933000 USD

2019-01-01 – 2019-12-31: 99933000 USD Inspect Net Income Open source
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USD 62.7 million
Exact value

Exact value: 62702000 USD

2019-01-01 – 2019-12-31: 62702000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
−USD 44.01 million
Exact value

Exact value: -44006000 USD

2020-01-01 – 2020-12-31: -44006000 USD Inspect Net Income Open source
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USD 62.35 million
Exact value

Exact value: 62354000 USD

2020-01-01 – 2020-12-31: 62354000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2021-01-01 – 2021-12-31
USD 49.12 million
Exact value

Exact value: 49121000 USD

2021-01-01 – 2021-12-31: 49121000 USD Inspect Net Income Open source
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USD 87.35 million
Exact value

Exact value: 87349000 USD

2021-01-01 – 2021-12-31: 87349000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 42.55 million
Exact value

Exact value: -42551000 USD

2022-01-01 – 2022-12-31: -42551000 USD Inspect Net Income Open source
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USD 60.5 million
Exact value

Exact value: 60503000 USD

2022-01-01 – 2022-12-31: 60503000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 111.74 million
Exact value

Exact value: -111739000 USD

2023-01-01 – 2023-12-31: -111739000 USD Inspect Net Income Open source
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USD 99.87 million
Exact value

Exact value: 99871000 USD

2023-01-01 – 2023-12-31: 99871000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
USD 19.84 million
Exact value

Exact value: 19839000 USD

2024-01-01 – 2024-12-31: 19839000 USD Inspect Net Income Open source
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USD 111.08 million
Exact value

Exact value: 111083000 USD

2024-01-01 – 2024-12-31: 111083000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 25.81 million
Exact value

Exact value: -25808000 USD

2025-01-01 – 2025-12-31: -25808000 USD Inspect Net Income Open source
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USD 131.76 million
Exact value

Exact value: 131756000 USD

2025-01-01 – 2025-12-31: 131756000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

139 filings · 7,416 latest values · 7,416 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001314152, 1314152, edgar:1314152

Also known as EXCELSIOR LASALLE PROPERTY FUND INC, JLL Income Property Trust, Inc., Jones Lang LaSalle Income Property Trust, Inc.