Jones Lang LaSalle

Jones Lang LaSalle, Inc. engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services. The LaSalle segment offers investment management services on a global basis to institutional investors and high-net-worth individuals. The company was founded by Richard Winstanley in 1783 and is headquartered in Chicago, IL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Jones Lang LaSalle (JLL) reports Q4 challenges, eyes 2023 recovery

JLL faced challenges in Q4 with declines in fee revenue and adjusted EBITDA, but saw strength in retail, hotel, and industrial sectors.
Cost actions were taken to mitigate impacts, and the company plans to focus on improving free cash flow and capital allocation in 2023.
Executives are optimistic about a recovery in capital markets activity and emphasize strategic investments in technology and cost management.
Despite short-term challenges, JLL's focus on resilient business lines and return on invested capital positions it for long-term growth and stability.

JLL faces revenue decline but eyes recovery in growth sectors

JLL navigated a tough Q1 marked by revenue and EBITDA declines, but cost-saving measures and focus on key sectors demonstrate resilience and strategic planning.
Despite challenges in the commercial real estate market, JLL remains optimistic about potential recovery and opportunities in growth segments like industrials and multifamily.
The reinstatement of the share repurchase program, cashflow positivity commitment, and operational efficiency efforts underscore JLL's determination to weather market headwinds.

Jones Lang LaSalle (JLL) faces market challenges but showcases tech innovation

JLL's Q2 2023 performance reflected challenges in global real estate markets but highlighted strengths in technology innovation and stable industrial sector fundamentals.
The company faces uncertainties with incentive fees and market conditions but has opportunities to leverage increased capital markets activity and enhance transparency.
Cost reduction actions and focus on free cash flow demonstrate JLL's commitment to financial discipline and operational efficiency amidst market challenges.
Investors should monitor JLL's performance closely, considering the potential impact of market dynamics on revenue streams and financial results.

Jones Lang LaSalle (JLL) reports resilient Q3 performance amidst market challenges

Jones Lang LaSalle (JLL) navigated challenges in the global real estate market with resilience, showcasing strength in diversified business segments like Work Dynamics and JLL Technologies.
Despite a decline in fee revenue and adjusted EBITDA, JLL's focus on financial discipline and efficiency positions the company well for future growth opportunities.
While facing headwinds in certain segments, JLL's outlook remains positive, with a continued emphasis on profitability and strategic adjustments to drive performance.

JLL reports strong Q4 performance amidst market challenges and opportunities

JLL's Q4 performance showcased strength in fee revenue growth and strategic team additions.
Challenges in industrial leasing and capital markets were balanced by resilient advisory revenue.
Opportunities lie in growing client interest, operational efficiency improvements, and green shoots in the market.
Overall, JLL remains cautiously optimistic about the commercial real estate landscape for 2024.

Jones Lang LaSalle (JLL) reports robust Q1 results, eyes market opportunities

Jones Lang LaSalle (JLL) delivered a strong performance in Q1 2024 with revenue growth, improved EBITDA, and EPS.
While facing challenges in certain segments, the company showcased resilience and adaptability to market conditions.
Opportunities in gaining market share, strategic adjustments, and maintaining operational efficiency are key focus areas for JLL.
Overall, JLL's performance, strengths, and opportunities position it well for future growth and success.

Jones Lang LaSalle (JLL) reports strong Q2 earnings and strategic growth plans

Jones Lang LaSalle (JLL) showcased robust financial performance in Q2 2024, driven by revenue growth and profitability improvements.
While facing challenges in certain segments, JLL demonstrated resilience and strategic focus on core business lines and financial discipline.
The company's strategic initiatives to manage leverage, explore growth opportunities, and enhance shareholder value position it well for future success.

Jones Lang LaSalle (JLL) reports robust Q3 results and eyes 2025 growth in real estate markets

Jones Lang LaSalle (JLL) delivered strong financial performance in Q3 2024, with a focus on enhancing leasing offerings and operational efficiency. The company raised its full-year adjusted EBITDA target range and expects continued momentum in 2025, especially in real estate capital markets.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Jones Lang LaSalle, Inc. engages in the provision of commercial real estate and investment management services. It operates through the following segments: Market Advisory, Capital Markets, Work Dynamics, JLL Technologies, and LaSalle. The Markets Advisory segment offers real estate services such as agency leasing and tenant representation, property management, advisory, and consulting services. The Capital Markets segment is composed of investment sales, debt and equity advisory, value and risk advisory, and loan servicing. The Work Dynamics segment provides services to occupiers of real estate, including facility and project management, as well as portfolio and other services. The JLL Technologies segment refers to software products, solutions, and services. The LaSalle segment focuses on investment management services on a global basis to institutional investors and individuals. The company was founded by Richard Winstanley in 1997 and is headquartered in Chicago, IL.

CHICAGO , April 9, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss first quarter 2024 results on Monday, May 6, 2024, at 9 a.m. Eastern time.

JLL Announces Details of First Quarter 2024 Earnings Release and Conference Call

Jones Lang LaSalle (JLL) reported earnings 30 days ago. What's next for the stock?

Jones Lang LaSalle (JLL) Up 4.4% Since Last Earnings Report: Can It Continue?

Professional sourcing expert Michael Raphael to manage the procurement of goods and services on behalf of JLL and its clients  CHICAGO , March 28, 2024 /PRNewswire/ -- JLL announced today that it has promoted Michael Raphael to Chief Procurement Officer to lead procurement activities globally across the company and manage annual procurement spend for both JLL and on behalf of its clients. Through a comprehensive global service delivery platform, JLL provides a diverse range of services, including sourcing and procurement on a local to global scale for more than 500 clients across 80 countries.

JLL names new Chief Procurement Officer

Catalytic impact investment in innovative startups dedicated to mitigating climate change CHICAGO , March 28, 2024 /PRNewswire/ -- JLL Foundation, a non-profit founded and backed by JLL (NYSE: JLL), published its second Annual Report, highlighting its efforts to scale-up a diverse community of early-stage companies focused on climate change mitigation. Of the fifteen startups supported by JLL Foundation in 2023, 100% are helping to reduce greenhouse gas emissions; 73% are making a sustainable impact on real estate and land; 60% are reducing water consumption; 53% are reducing waste and 33% are making a social impact.

JLL Foundation expands climate-impacting mission with 15 new loans in its second year

Continued movement to more affordable, lifestyle-centric cities is further diversifying the landscape for innovation-focused companies and investors CHICAGO , March 25, 2024 /PRNewswire/ -- Throughout the next decade, market specialization, talent migration, sustainability goals and new technologies such as AI will continue to shape the global knowledge economy and high-tech industry ecosystem. The third edition of JLL's Innovation Geographies examines how innovation continues to influence real estate location and portfolio strategies, based on the dynamics of 108 cities globally.

Innovation, talent and capital migration to affordability is rapidly reshaping commercial real estate demand

The key positives for Jones Lang LaSalle include a potential turnaround of its capital markets business, favorable FY 2024 EBITDA margin guidance, and the company's M&A opportunities. The Company's PEG multiple is less than 1, which implies that its favorable growth prospects aren't completely factored into its stock price and valuations yet. I raise my rating for JLL to a Buy, considering the stock's positive factors and undemanding valuations.

Jones Lang LaSalle: Multiple Positives (Rating Upgrade)

Firm recognized for the third consecutive year with three award wins CHICAGO , March 13, 2024 /PRNewswire/ -- JLL (NYSE: JLL) has been recognized for the third consecutive year by the International WELL Building Institute (IWBI) for its outstanding commitment, leadership and impact in prioritizing health and well-being in the built environment. In 2023, JLL was awarded: The Global WELL Leadership Award The WELL Concept Leadership Award In addition to the organizational awards, JLL is proud to announce that Annalise Dum, Vice President, Sustainable Buildings Practice Lead, North America, received the Adoption of WELL Award for her dedication to advancing WELL for the firm's clients.

JLL recognized for outstanding leadership in health, well-being and sustainability

Firm recognized for exceptional commitment to business integrity through robust ethics, compliance and governance programs   CHICAGO , March 5, 2024 /PRNewswire/ -- JLL (NYSE: JLL) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2024 World's Most Ethical Companies. Since 2008, JLL has been honored for demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance and governance practices.

JLL named one of the World's Most Ethical Companies for the 17th consecutive year

Digital Realty Trust

Equinix

NVIDIA

Oracle

Super Micro Computer

Instead of snazzy hotels or glistening office towers, the new property darlings are power-hungry data centers, often in places like Northern Virginia; Columbus, Ohio; and Salt Lake City.

AI is fueling a gold rush in new data centers, the hottest buildings in real estate

For fifth year, firm recognized for strong environmental, social and governance efforts  CHICAGO , Feb. 29, 2024 /PRNewswire/ -- For the fifth consecutive year, JLL (NYSE: JLL) has been named to Barron's 2024 list of the Most Sustainable U.S. Companies, which scores companies based on a variety of environmental, social, and governance, or ESG, measures. "We are honored to be consistently recognized by Barron's for our efforts to embed ESG into our company," says Erin Meezan, Chief Sustainability Officer for JLL.

JLL Earns Top 10 spot on Barron's Most Sustainable Companies List

The continued strength of its resilient lines of business supports Jones Lang's (JLL) Q4 earnings. However, poor transaction-based businesses' performance affected the results to some extent.

Jones Lang's (JLL) Q4 Earnings & Revenues Beat Estimates

Jones Lang LaSalle Incorporated (JLL) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Jones Lang LaSalle (JLL) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Jones Lang LaSalle (JLL) Reports Q4 Earnings: What Key Metrics Have to Say

Jones Lang LaSalle (JLL) came out with quarterly earnings of $4.23 per share, beating the Zacks Consensus Estimate of $3.70 per share. This compares to earnings of $4.36 per share a year ago.

Jones Lang LaSalle (JLL) Surpasses Q4 Earnings and Revenue Estimates

Resilient business line revenue growth continued as the pace of the market-wide pullback in transaction activity eased CHICAGO , Feb. 27, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating income of $290.4 million for the fourth quarter of 2023, up from $254.7 million last year, and $576.5 million for the full year, compared with $868.1 million in 2022. Diluted earnings per share were $3.57 and adjusted diluted earnings per share1 were $4.23 for the quarter; diluted earnings per share were $4.67 and adjusted diluted earnings per share1 were $7.40 for the full year.

JLL Reports Financial Results for Fourth-Quarter and Full-Year 2023

Get a deeper insight into the potential performance of Jones Lang LaSalle (JLL) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Gear Up for Jones Lang LaSalle (JLL) Q4 Earnings: Wall Street Estimates for Key Metrics

Jones Lang LaSalle (JLL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Jones Lang LaSalle (JLL) Q4 Earnings Expected to Decline

JACKSONVILLE, Fla. , Feb. 15, 2024 /PRNewswire/ -- Today, JAX-IMESON JV LLC, a joint venture owned by an affiliate of North Signal Capital LLC and an affiliate of Fox Capital Partners (the "Joint Venture"), is pleased to announce the execution of a full-building lease with RoadOne IntermodaLogistics ("RoadOne") at 1000 Imeson Park Boulevard.

North Signal Capital and Fox Capital Partners Announce Full Lease of 1000 Imeson Park Boulevard to RoadOne IntermodaLogistics

Previously an office building, 70 Pine Street currently features 612 rental apartments, 39,075 square feet of retail space and a 165-key hotel NEW YORK , Feb. 14, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today that it has secured the $395 million refinancing of 70 Pine Street, a 66-story, mixed-use property with luxury multi-housing rental, retail and hotel space located in a landmarked building in the Financial District of New York City. JLL worked on behalf of the borrowers, DTH Capital and Rose Associates, to secure financing through Goldman Sachs.

JLL arranges $395M in financing for trophy asset in NYC's Financial District

CHARLOTTE, N.C. , Feb. 14, 2024 /PRNewswire/ -- Canyon Partners Real Estate LLC ("Canyon") announced today that it has provided a $15.6 million preferred equity investment relating to the recapitalization of Towerview at Ballantyne ("Towerview"), a Class-A, high-rise residential community in the Ballantyne submarket of Charlotte, North Carolina.

Canyon Partners Provides Preferred Equity to Recapitalize North Carolina Multifamily Property

Firm recognized for innovation and long-term investment value CHICAGO , Jan. 31, 2024 /PRNewswire/ -- JLL (NYSE: JLL) has been again named to Fortune's World's Most Admired Companies list. The list is a major authority on corporate reputations compiled each year by Fortune and Korn Ferry through a survey of global executives, directors and analysts.

JLL named again one of Fortune's World's Most Admired Companies

AGNC Investment

JPMorgan BetaBuilders MSCI US REIT ETF

Boston Properties

Crown Castle International

iShares CMBS ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Dynex Capital

Equity LifeStyle Properties

Empire State Realty Trust

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

iShares MBS ETF

Medical Properties Trust

Neuberger Berman Real Estate Securities Income Fund Inc

Orchid Island Capital

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

U.S. equity markets notched another week of gains after a busy slate of economic data and corporate earnings results were broadly consistent with a "soft landing" trend for the domestic economy. Ahead of the Federal Reserve's first policy meeting of 2024, the FOMC's favored inflation gauge - Core PCE - showed a "2-handle" for the first time in nearly two years. Notching a series of record highs through the week, the S&P 500 advanced 1.2%, extending its impressive rally since late October to 12 of the past 13 weeks.

Fed Looms As Earnings Begin

American Tower

Prologis

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Real estate earnings season kicked into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. The sector with perhaps the most to gain from moderating inflation and a normalization in Fed monetary policy, REITs enter earnings season with upside momentum after a dismal eighteen-month stretch. Sentiment and macroeconomic conditions have improved significantly in the past quarter, fueled by several months of encouraging inflation data pointing once again towards a "soft landing" for the domestic economy.

REIT Earnings Preview: Animal Spirits Revived?

CHICAGO , Jan. 16, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss fourth quarter 2023 results on Tuesday, February 27, 2024, at 9 a.m. Eastern time.

JLL Announces Details of Fourth Quarter 2023 Earnings Release and Conference Call

Investors with strong liquidity begin to see opportunity to deploy across the capital stack with a top focus on credit strategies and sector diversification CHICAGO , Jan. 11, 2024 /PRNewswire/ -- Clarity across markets has been in short supply recently but signs that investors are starting to reengage through a broader set of strategies are beginning to emerge. By the end of 2025, $3.1 trillion of real estate assets globally will have maturing debt, according to JLL's Global Capital Outlook research.

News for Jones Lang LaSalle Stock (JLL)