JPMorgan Global Core Real Assets Ld Portfolio Changes (9805M)
September 20 2023 - 2:00AM
UK Regulatory
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.
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