JARE Jpmorgan Global Core Real Assets Limited

TIDMJARA TIDMJARU TIDMJARE

RNS Number : 9805M

JPMorgan Global Core Real Assets Ld

20 September 2023

LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN GLOBAL CORE REAL ASSETS LIMITED

(the "Company" or "JARA")

Portfolio Changes

Legal Entity Identifier: 549300D8JHZTH6GI8F97

JARA has received notification of a further redemption receipt from its private real estate allocation. This redemption amounts to $1.5m and follows on from the previously received $3.7m redemption.

Across the Company's private real estate exposure, the overall occupancy is strong at 94.4%. The look-through debt profile remains healthy at 33% loan-to-value, with less than 1% of debt maturing for the remainder of 2023 and less than 15% maturing in 2024.

Leasing and re-leasing activities have also exhibited positive trends across the portfolio. JARA's U.S. private real estate exposure is on track to deliver over 10% net operating income growth this year, surpassing its growth in 2022 by over 4%. In the underlying private strategies, five recent Asia-Pacific leasing activities made during the second quarter of this year, applied rental rate increases ranging from 5% to 27%; averaging 17% higher than prior agreements.

The redemptions have reduced the private real estate allocation from 40% to 37% over the past year . The portfolio management team will continue to monitor the market and make further adjustments as needed.

20 September 2023

Emma Lamb

JPMorgan Funds Limited - Company Secretary

Telephone 0207 742 4000

Notes

The Company aims to provide holders of the Ordinary Shares with a stable income and capital appreciation, measured on a constant currency basis, through exposure to a globally diversified portfolio of Core Real Assets in accordance with the Company's investment policy. The Company obtains exposure to Core Real Assets through various real asset strategies, namely: Global Infrastructure, Global Real Estate, Global Transport and Global Liquid Real Assets. J.P. Morgan's Alternative Solutions Group has the primary responsibility for managing the Company's portfolio.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

PFUMZGMLNLLGFZM

(END) Dow Jones Newswires

September 20, 2023 02:00 ET (06:00 GMT)

Grafico Azioni Jpmorgan Global Core Rea... (LSE:JARE)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Jpmorgan Global Core Rea... (LSE:JARE)
Storico
Da Mag 2023 a Mag 2024