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.

Jones Lang LaSalle (JLL) reports lackluster Q3 results. Although its annuity-based businesses grew, transaction-based businesses took a downturn due to higher interest rates and economic uncertainty.

Jones Lang LaSalle (JLL) Stock Down on Q3 Earnings Miss

Jones Lang LaSalle Incorporated (NYSE:JLL ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Scott Einberger - Investor Relations Christian Ulbrich - Chief Executive Officer and President Karen Brennan - Chief Financial Officer Conference Call Participants Chandni Luthra - Goldman Sachs Anthony Paolone - J.P. Morgan Jade Rahmani - Keefe, Bruyette and Woods Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen.

Jones Lang LaSalle Incorporated (JLL) Q3 2022 Earnings Call Transcript

Jones Lang LaSalle (JLL) delivered earnings and revenue surprises of -24.78% and 0.43%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Jones Lang LaSalle (JLL) Misses Q3 Earnings and Revenue Estimates

Strong top-line performance by annuity-based businesses across the globe offset softness in Capital Markets CHICAGO , Nov. 2, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2022 with diluted earnings per share of $2.88, compared with $4.57 in the prior-year quarter, and adjusted diluted earnings per share1 of $3.40, compared with $4.56 last year. Revenue was $5.2 billion, up 10% in local currency, and fee revenue1 was $2.0 billion, up 4% in local currency Outsourcing wins and continued Project Management demand drove 14% increase in Work Dynamics fee revenue Stable Markets Advisory fee revenue highlighted by Property Management in the Americas and growth in office Leasing Industry-wide lower market volumes and elongated deal cycles across the globe contributed to the 5% decline in Capital Markets Margin contraction was due to higher compensation expense and incremental T&E and marketing costs Increased borrowing capacity of Credit Facility to $3.35 billion and redeemed $275 million of Senior Notes "During the latter half of the quarter, the commercial real estate industry experienced a more rapid slowdown in Capital Markets volumes than was expected three months ago," said Christian Ulbrich, JLL CEO.

JLL Reports Financial Results for Third-Quarter 2022

175 Water St. is positioned in the heart of the NYC's Seaport District and offered a true value-add opportunity NEW YORK , Oct. 17, 2022 /PRNewswire/ -- JLL's Capital Markets group announced today that it has closed the $252 million sale of 175 Water St., a 31-story, 684,500-square-foot office tower prominently positioned in downtown Manhattan. JLL marketed the property exclusively on behalf of the seller, Vanbarton Group, and procured the buyer, 99c LLC.

JLL completes $252M sale of downtown Manhattan office tower

Analysts have cut JLL's consensus financial projections and price targets in recent months, suggesting that expectations for the stock are reasonably low. Jones Lang LaSalle's capital markets and JLL Technologies business lines have a good chance of performing above expectations, judging by recent news flow and management comments.

Jones Lang LaSalle: Watch Out For Positive Surprises

JLL Technologies and OpenSpace win bid to support PBS asset and project management SAN FRANCISCO, Oct. 12, 2022 /PRNewswire/ -- OpenSpace , the global leader in 360° jobsite capture and AI-powered analytics, takes the role as the enterprise-wide image capture solution of choice, alongside JLL Technologies , for the U.S. General Services Administration's Public Buildings Service. PBS oversees a portfolio of more than 8,000 buildings nationwide, providing work environments for over a million Federal employees.

JLL Technologies and OpenSpace Selected by U.S. Public Buildings Service to Provide 360° Image Capture Technology for Government Properties Nationwide

JLL research reveals that companies focused on return to work must implement customizable technologies to build effective hybrid working models  CHICAGO , Oct. 11, 2022 /PRNewswire/ -- As businesses adapt to hybrid work this fall and beyond, JLL's (NYSE: JLL) Technology and Innovation in the Hybrid Age report finds that tech-enabled solutions are crucial to the success of the hybrid work model. The research shows that there is no one-size-fits-all solution and organizations will need to implement tailored tools and processes that work for their employees, clients and business models.

Technology implementation is critical to the evolving hybrid workplace

The property features 408 multi-housing units and 9,693 square feet of commercial space located at 685 1st Ave. in Murray Hill NEW YORK , Oct. 6, 2022 /PRNewswire/ -- JLL's Capital Markets group announced today that it has closed the sale of a $387.5 million multi-housing community comprised of 408 market-rate units and 9,693 square feet of commercial space located at 685 1st Ave.

JLL arranges $387.5M sale of New York City multi-housing community

CHICAGO, Oct. 6, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss third quarter 2022 results on Wednesday, November 2, 2022, at 9 a.m. Eastern time.

JLL Announces Details of Third Quarter 2022 Earnings Release and Conference Call

CHICAGO , Oct. 4, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host an Investor Briefing on Wednesday, November 16, 2022, in New York City. Members of JLL's global leadership team, including CEO Christian Ulbrich and CFO Karen Brennan, will provide insight into JLL's growth strategy and financial outlook.

JLL Announces Date for 2022 Investor Briefing

Wenceslao Bunge and Jaime Riera join JLL to strengthen Capital Markets offering LONDON , Sept. 29, 2022 /PRNewswire/ -- JLL has appointed Wenceslao Bunge and Jaime Riera as part of the continued global expansion of its Capital Markets business.

JLL Hires Senior Real Estate Investment Banking Duo to Bolster Capital Markets Business Globally

Industry-leading CSO joins JLL to succeed Richard Batten upon his retirement CHICAGO , Sept. 28, 2022 /PRNewswire/ -- JLL (NYSE: JLL) announced today the appointment of Erin Meezan as the firm's new Chief Sustainability Officer (CSO) effective October 1 reporting to Guy Grainger, global Head of Sustainability Services & ESG.

JLL appoints Erin Meezan as Chief Sustainability Officer

ServiceNow

CHESTERBROOK, Pa.--(BUSINESS WIRE)--Boomi announces the appointment of former Deloitte CIO Larry Quinlan as an independent, non-executive member of its Board of Directors.

Boomi Appoints Larry Quinlan to Its Board of Directors

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

Why Is Jones Lang LaSalle (JLL) Down 1.8% Since Last Earnings Report?

Extensive real estate market knowledge, solid industry fundamentals and strategic buyouts will aid Jones Lang LaSalle's (JLL) performance. However, macroeconomic uncertainty is worrisome.

Is it Wise to Retain Jones Lang LaSalle (JLL) Stock for Now?

Franklin Resources

SAN MATEO, Calif.--(BUSINESS WIRE)--Clarion Partners Real Estate Income Fund added three warehouse and distribution buildings in Chino, CA. The deal was marketed by JLL Capital Markets.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Acquires Three-Building Industrial Portfolio in the Inland Empire West Area

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The best known of the upcoming stock splits is Tesla (NASDAQ: TSLA ). It will split its stock today, Aug. 24, after the close of trading.

Stock Splits: 7 Companies That Should Follow Tesla's Lead

JLL's Future of Work Survey shows that while hybrid work is here to stay, the office remains critical to business operations CHICAGO , Aug. 18, 2022 /PRNewswire/ -- As businesses continue to evolve their workplaces to best meet the needs of their employees, JLL's (NYSE: JLL) global Future of Work Survey finds that 72% of decision makers believe the office is critical to doing business. The research shows that over the next several years companies anticipate hybrid work to become the dominant model and will be looking across their real estate portfolios to re-think their office spaces, invest in new technology and prioritize sustainability.

Real estate at critical juncture to embrace dynamic workplaces

SAN MATEO, Calif.--(BUSINESS WIRE)--Clarion Partners Real Estate Income Fund has acquired the 369,310 square foot Rojas East Distribution Center in El Paso, Texas.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Acquires Two-Building Industrial Distribution Center in El Paso, Texas

JCPenney is looking at expanding its omnichannel and digital work with the appointment of new CFO Stephanie Plaines, a press release said. Marc Rosen, CEO, said Plaines would help out with the initiatives because of her experience with financial management.

JCPenney Names Jones Lang LaSalle Exec Stephanie Plaines as CFO

Jones Lang LaSalle (JLL) Q2 results outshine estimates driven by robust performance in the Capital Markets, Markets Advisory and Work Dynamics businesses.

Jones Lang LaSalle (JLL) Q2 FFO & Revenues Surpass Estimates

Jones Lang LaSalle Incorporated (NYSE:JLL ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Scott Einberger - Investor Relations Officer Christian Ulbrich - President & Chief Executive Officer Karen Brennan - Chief Financial Officer Conference Call Participants Patrick O'Shaughnessy - Raymond James Anthony Paolone - JPMorgan Chandni Luthra - Goldman Sachs Jade Rahmani - KBW Matt Filek - William Blair Operator Good morning or good afternoon all and welcome to the Q2 2022 JLL Earnings Conference Call. My name is Adam and I'll be your operator today.

Jones Lang LaSalle Incorporated (JLL) CEO Christian Ulbrich on Q2 2022 Results - Earnings Call Transcript

Jones Lang LaSalle (JLL) delivered earnings and revenue surprises of 9.27% and 8.26%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Jones Lang LaSalle (JLL) Tops Q2 Earnings and Revenue Estimates

Revenue up 17% (21% in local currency1) to $5.3 billion; fee revenue1 grew 19% (23% in local currency) to $2.1 billion CHICAGO , August 3, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2022 with diluted earnings per share of $3.90, up from $3.82 in the prior-year quarter, and adjusted diluted earnings per share1 of $4.48, up from $4.20 last year.      • Top-line expansion was broad-based as most segments achieved 20% or greater growth        ° Higher deal volume in the Americas and EMEA led the 28% increase in Capital Markets fee revenue        ° Strong leasing performance continued across several asset classes, driving 23% growth in Markets Advisory fee revenue        ° Outsourcing wins and greater demand in Project Management contributed to the 19% increase in Work Dynamics fee revenue     • Incremental headcount and investments to support existing and future growth more than offset higher revenue     • Nearly $300 million of share repurchases this quarter, continuing the return of capital to shareholders "JLL showed strong and resilient performance through the second quarter, with double-digit fee revenue growth across nearly all of our business lines," said Christian Ulbrich, JLL CEO.

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