JLL Income Property Trust earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026
Q3 2026 Revenue up 4% year over year to $122M · 1¢ of every $1 of revenue kept as net profit · operating margin 0.7%
JLL Income Property Trust made $122M in Q3 2026 (+4% Y/Y). Operating margin 0.7%, net earnings $668K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Revenue$122M
Year over year+4%
Operating margin0.7%
Net earnings$668K
Operating cash flow$43.3M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $122.2M in Q3 2026, up 4% year over year and up 2% from the previous quarter.
Operating profit was $916K, a 0.7% margin (up 11.5 points year over year). Total costs fell 7% while revenue rose 4%. Net earnings were $668K. The effective tax rate was 0.0%.
Operating cash flow was $43.3M (up 3% year over year), 4724% of net income including minority interests. Non-cash charges added back $44.2M of depreciation and amortization. Capital expenditures of $21.7M left free cash flow of $21.6M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Nov 5, 2026
$122M
+4%
0.7%
$668K
$43.3M
Q2 2026
10-Q
Aug 11, 2026
$120M
+7%
10.6%
$7.9M
$35.6M
Q1 2026
10-Q
May 7, 2026
$121M
+18%
19.6%
$16.9M
$33.8M
Q4 2025
10-K
Mar 26, 2026
$122M
+22%
-9.9%
−$12.0M
$25.2M
Q3 2025
10-Q
Nov 6, 2025
$118M
+15%
-10.7%
−$12.6M
$41.9M
Q2 2025
10-Q
Aug 7, 2025
$112M
+8%
64.7%
−$3.7M
$24.2M
Q1 2025
10-Q
May 8, 2025
$102M
-0.4%
64.6%
−$6.8M
$40.4M
Charts
Latest (Q3 2026): Y/Y +4%, Q/Q +2%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $916K, Operating cash flow $43.3M.Cash $103M, short-term investments —, long-term debt $1.9B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Except where the context suggests otherwise, the terms “we,” “us,” “our” and the “Company” refer to JLL Income Property Trust, Inc. The terms “Advisor” and “LaSalle” refer to LaSalle Investment Management, Inc. JLL Income Property Trust, Inc. is an externally advised, daily valued perpetual-life real estate investment trust ("REIT") that owns and manages a diversified portfolio of healthcare, industrial, residential, retail and other properties and real estate-related assets located in the United States. Over time, our real estate portfolio may be further diversified through the acquisition of properties and real estate-related assets outside of the United States. We were incorporated on May 28, 2004 under the laws of the State of Maryland.
In its own words, from its 10-Q, filed Aug 11, 2026.
JLL Income Property Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +11%. Operating margin: 0.7% against the peers' median 15.9%.