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

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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.

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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.

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

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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.

First-mover advantage begins to materialize for commercial real estate

Jones Lang LaSalle and CBRE Group have performed well despite challenges in the real estate industry. JLL has outperformed popular real estate ETFs and has shown resilience in its outsourcing services segment. The company's strong business model and low starting valuation contributed to its strong performance, but recovery in the real estate industry remains uncertain.

Jones Lang LaSalle: Well Positioned To Benefit From A Real Estate Recovery

Jones Lang's (JLL) wide range of products & services and investment activities to capitalize on market consolidations bode well despite the choppy environment in transaction-based businesses.

Is It Wise to Retain Jones Lang (JLL) in Your Portfolio Now?

JLL's Capital Markets group led refinancing efforts for the five-million-square-foot facility CHICAGO , Dec. 19, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged $463 million in financing for a 13-property portfolio of the broader Manulife Investment Management and Scannell Properties recapitalization, which was announced last week. JLL represented the borrowers, Scannell Properties and Manulife Investment Management, to secure financing through Oxford Properties Group.

JLL represents Scannell Properties and Manulife Investment Management in $463 million financing of newly delivered industrial product

CBRE Group

Digital Realty Trust

STAG Industrial

Real estate investments are highly sensitive to changes in interest rates. Since 2022, the Federal Reserve has aggressively raised interest rates, creating challenges for commercial real estate companies.

Let's Look Back on 3 Commercial Real Estate Trends That Emerged in 2023

SAN DIEGO , Dec. 8, 2023 /PRNewswire/ -- MG Properties, a leading real estate investment and management company, has completed the acquisition of Bear Valley Park Apartments, a premier garden-style community located in Denver, Colorado for a total purchase price of $76 million. The closing marks MGP's third multifamily acquisition of 2023 in the Denver area.

MG Properties Acquires Bear Valley Park Apartments in Colorado for $76M

Invesco

Acquisition Strengthens St. Louis Real Estate Market ST. LOUIS , Dec. 5, 2023 /PRNewswire/ -- In a significant move strengthening the thriving real estate landscape of St. Louis, Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S. has completed the acquisition of Cortona at Forest Park, a 278-unit Class-A apartment community.

Passco surpasses $4 Billion AUM, $250M in the Midwest, with the acquisition of Cortona at Forest Park in St. Louis, MO

JLL research analyzes three key factors owners and occupiers must consider in decision-making   CHICAGO , Nov. 28, 2023 /PRNewswire/ -- The current economic environment is creating challenges for investors and occupiers to make the case for investing in retrofitting and futureproofing their real estate. JLL's new The Commercial Case for Making Buildings More Sustainable report outlines three key factors that should be prioritized in occupiers' and owners' decision-making to create a more resilient and sustainable built environment.

Demand for sustainable buildings and tightening regulations drive business case for investment

With most workers back in the office globally, reconciling individual and collective needs will be a top priority for creating a positive hybrid employee experience  CHICAGO , Nov. 15, 2023 /PRNewswire/ -- As more companies announce new office attendance mandates, and most workers are back in the office globally, leaders now must now consider how to meet new expectations around work and where it's done.   JLL's report, Is hybrid really working?

Hybrid work continues to grow among global employers

CHICAGO , Nov. 8, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) ("JLL" or the "Company") today announced that it has priced an underwritten public offering (the "Offering") of $400.0 million aggregate principal amount of 6.875% Senior Notes due 2028 (the "Notes"). The Company expects that the closing of the Offering will occur on November 13, 2023, subject to the satisfaction of customary closing conditions.

Jones Lang LaSalle Incorporated Prices Public Offering of$400,000,000 6.875% Senior Notes due 2028

Credit facility capacity at $3.3 billion, maturity extended to 2028 CHICAGO , Nov. 3, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) amended its bank credit facility to maintain the company's operating flexibility and support its growth strategy. The borrowing capacity will be $3.3 billion and the new five-year term extends the maturity from April 2026 to November 2028.

JLL Renews Credit Facility, Maintains Strong Financial Profile and Liquidity

Poor transaction-based businesses' performance hurts Jones Lang LaSalle's (JLL) Q3 earnings. However, it benefits from the continued strength of its resilient lines of business.

Jones Lang (JLL) Q3 Earnings Miss, Revenues Beat, Stock Up 7%

Jones Lang LaSalle Incorporated (NYSE:JLL ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Scott Einberger - Head of IR Christian Ulbrich - President & CEO Karen Brennan - CFO Conference Call Participants Anthony Paolone - JPMorgan Stephen Sheldon - William Blair Michael Griffin - Citi Jade Rahmani - KBW Operator Thank you for standing-by. My name is Ian, and I will be your conference operator today.

Jones Lang LaSalle Incorporated (JLL) Q3 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 September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Jones Lang LaSalle (JLL) Q3 Earnings

Jones Lang LaSalle (JLL) came out with quarterly earnings of $2.01 per share, missing the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $3.40 per share a year ago.

Jones Lang LaSalle (JLL) Misses Q3 Earnings Estimates

Growth in resilient business line revenues helped offset continued market-wide pullback in transaction activity CHICAGO , Nov. 2, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating income of $119.1 million for the third quarter of 2023. Diluted earnings per share were $1.23 and Adjusted diluted earnings per share1 were $2.01 for the quarter.

JLL Reports Financial Results for Third-Quarter 2023

Prudential Financial

The 11.4 million-square-foot portfolio is fully leased and positioned in 13 key industrial markets DALLAS, Oct. 26, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged a total of $869 million in financing for a 25-property bulk industrial portfolio totaling 11.4 million square feet in 13 major industrial markets across the U.S. JLL worked on behalf of the borrower to secure fixed-rate loans from Northwestern Mutual and PGIM Real Estate. The team secured two separate financings of $259 million and $195 million from Northwestern Mutual and a single $415 million loan from PGIM Real Estate.

JLL secures $869M to refinance a 25-asset national Class A bulk industrial portfolio

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) Q3 Earnings Expected to Decline

Latest JLL research finds over 80% of companies are increasing technology budgets despite a challenging operating environment  CHICAGO , Oct. 18, 2023 /PRNewswire/ -- Commercial real estate occupiers are willing to put their money where the tech is, according to new research data from JLL's 2023 Global Real Estate Technology Survey released today. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue.

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