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Land Office portfolio hits record ~$3.3 billion; RVK projects higher distributions
Summary
RVK reported the Commissioners of the Land Office portfolio reached a record high value near $3.3 billion through March 31, 2026, with distributable income of $127 million in 2025 and projected distributions slightly above $131 million over the next 12 months.
Jason Samansky of RVK presented the Commissioners of the Land Office with the fund’s quarterly performance through March 31, 2026, saying the portfolio reached a record high value of about $3.3 billion. He told the board the portfolio continues to meet its dual mandate of preserving purchasing power and targeting returns around CPI plus 5 percent and that the current 10-year yield is roughly 6.7 percent.
Samansky also reported income metrics: "portfolio income is at record levels, with $127 million distributed in 2025 and projected distributions slightly above $131 million over the next 12 months," according to the presentation. RVK flagged persistent inflation, geopolitical and energy-related volatility, and elevated equity valuations driven in part by AI-related productivity gains as key risks. The firm said it will continue diversification efforts, including recently added mid-cap exposure, and will present further ideas to support long-term targets.
