JLL INCOME PROPERTY TRUST, INC. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
333 WEST WACKER DRIVE CHICAGO, IL 60606 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 115,122 | 113,479 | 84,805 | 77,056 | 37,109 | 39,700 | |||
| Cash and cash equivalents | 70,940 | 70,273 | 84,805 | 77,056 | 37,109 | 39,700 | |||
| Short-term investments | 44,182 | 43,206 | |||||||
| Receivables | (489) | (296) | |||||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | ✕ | ✕ | |||||
| Disposal group, including discontinued operation | 39,326 | 34,148 | 112,586 | 45,116 | |||||
| Total current assets: | 115,122 | 152,805 | 118,953 | 77,056 | 149,206 | 84,520 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,145 | ✕ | ✕ | ||||||
| Property, plant and equipment | 725,078 | 598,564 | 428,313 | 430,278 | 355,820 | 388,849 | |||
| Long-term investments and receivables | 202,203 | 217,044 | 187,890 | 159,288 | 163,314 | 132,639 | |||
| Long-term investments | 202,203 | 217,044 | 187,890 | 159,288 | 163,314 | 132,639 | |||
| Intangible assets, net (including goodwill) | (123,725) | (102,842) | (82,699) | (67,574) | (58,433) | (47,130) | |||
| Intangible assets, net (excluding goodwill) | (123,725) | (102,842) | (82,699) | (67,574) | (58,433) | (47,130) | |||
| Deferred costs | 15,867 | 14,511 | 10,982 | 9,351 | 7,584 | 9,723 | |||
| Total noncurrent assets: | 819,423 | 727,277 | 546,631 | 531,343 | 468,285 | 484,081 | |||
| Other undisclosed assets | 4,219,673 | 3,522,164 | 1,993,015 | 1,923,110 | 1,579,103 | 1,628,506 | |||
| TOTAL ASSETS: | 5,154,218 | 4,402,246 | 2,658,599 | 2,531,509 | 2,196,594 | 2,197,107 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 726,375 | 448,319 | 155,882 | ||||||
| Lease deposit liability | 726,375 | 448,319 | 155,882 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 726,375 | 448,319 | 155,882 | ||||||
| Other undisclosed liabilities | 2,232,696 | 2,109,811 | 1,055,294 | 1,032,752 | 1,009,302 | 1,018,850 | |||
| Total liabilities: | 2,959,071 | 2,558,130 | 1,211,176 | 1,032,752 | 1,009,302 | 1,018,850 | |||
| Temporary equity, carrying amount | 12,387 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,096,097 | 1,747,335 | 1,427,384 | 1,492,736 | 1,180,426 | 1,170,428 | |||
| Additional paid in capital | 2,799,539 | 2,284,839 | 1,922,136 | 1,860,734 | 1,568,474 | 1,522,123 | |||
| Retained earnings (accumulated deficit) | (14,788) | 34,398 | (14,723) | 29,283 | (70,650) | (96,217) | |||
| Other undisclosed equity, attributable to parent | (688,654) | (571,902) | (480,029) | (397,281) | (317,398) | (255,478) | |||
| Equity, attributable to noncontrolling interest | 86,663 | 96,781 | 20,039 | 6,021 | 6,866 | 7,829 | |||
| Total equity: | 2,182,760 | 1,844,116 | 1,447,423 | 1,498,757 | 1,187,292 | 1,178,257 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,154,218 | 4,402,246 | 2,658,599 | 2,531,509 | 2,196,594 | 2,197,107 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 337,188 | 239,338 | 193,621 | 174,279 | 170,683 | 164,952 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | 167,170 | 137,899 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 164,952 | |
| Operating lease, lease income | 327,631 | 227,940 | 186,641 | ✕ | ✕ | |||
| Cost of revenue | (61,537) | (44,736) | (41,886) | (20,538) | ||||
| Cost of goods and services sold | (61,537) | (43,995) | (37,999) | (20,538) | ||||
| Gross profit: | 275,651 | 194,602 | 151,735 | 174,279 | 170,683 | 144,414 | ||
| Operating expenses | (306,927) | (212,983) | (207,232) | (45,158) | (113,948) | (139,079) | ||
| Other undisclosed operating income (loss) | 20,538 | |||||||
| Operating income (loss): | (31,276) | (18,381) | (55,497) | 129,121 | 56,735 | 25,873 | ||
| Nonoperating income (expense) | (74,378) | 56,541 | (61,891) | 77,752 | 24,138 | 19,915 | ||
| Profit (loss) from real estate operations | 25,604 | 22,894 | ||||||
| Other nonoperating income (expense) | (74,378) | 56,123 | (61,891) | 77,752 | (1,466) | (2,979) | ||
| Interest and debt expense | 37,253 | (14,808) | (6,749) | 106,871 | 29,665 | 14,982 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (68,401) | 23,352 | (124,137) | 313,744 | 110,538 | 60,770 | ||
| Income (loss) from equity method investments | 67,333 | (19,451) | ||||||
| Income (loss) from continuing operations before income taxes: | (68,401) | 90,685 | (143,588) | 313,744 | 110,538 | 60,770 | ||
| Other undisclosed income (loss) from continuing operations | (213,742) | (84,934) | (37,876) | |||||
| Income (loss) from continuing operations: | (68,401) | 90,685 | (143,588) | 100,002 | 25,604 | 22,894 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 90,685 | (143,588) | 100,002 | 25,604 | 22,894 | |
| Other undisclosed net income (loss) | 24,284 | (40,033) | 99,523 | |||||
| Net income (loss): | (44,117) | 50,652 | (44,065) | 100,002 | 25,604 | 22,894 | ||
| Net income (loss) attributable to noncontrolling interest | 1,566 | (1,531) | 59 | (69) | (37) | (346) | ||
| Net income (loss) available to common stockholders, diluted: | (42,551) | 49,121 | (44,006) | 99,933 | 25,567 | 22,548 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (44,117) | 50,652 | (44,065) | 100,002 | 25,604 | 22,894 | ||
| Other comprehensive income | 1,875 | |||||||
| Other undisclosed comprehensive income (loss) | 37 | (22,894) | ||||||
| Comprehensive income (loss): | (44,080) | 50,652 | (44,065) | 100,002 | 25,604 | 1,875 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,566 | (1,531) | 59 | (69) | (37) | (346) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 22,894 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (42,514) | 49,121 | (44,006) | 99,933 | 25,567 | 24,423 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.