Live News • May 17
JLL Reports US$6.39b Q1 Revenue With Robust Advisory Gains and Increased Share Buybacks JLL reported Q1 2026 revenue of US$6.39b, up 11.1% year over year and ahead of analyst expectations. Adjusted EPS came in at US$3.43, a 56% increase, supported by broad-based growth in Leasing Advisory and Capital Markets and an operating margin of 3.2%. The company executed US$300m in share buybacks, expanded its repurchase authorization to US$3b, and committed an additional €100m to the LaSalle Encore+ Fund as part of its Accelerate 2030 plan.
The combination of double-digit advisory growth, margin improvement, and increased buybacks reflects a management focus on capital-light service lines while also returning cash to shareholders. Readers may wish to monitor how JLL manages pressure in Asia Pacific Property Management fees and the scale-up of sustainability-focused investments, as both could affect earnings mix and capital needs over the rest of 2026. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$3.40 (up from US$1.17 in 1Q 2025). Revenue: US$6.39b (up 11% from 1Q 2025). Net income: US$159.0m (up 188% from 1Q 2025). Profit margin: 2.5% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. Announcement • Apr 21
Jones Lang LaSalle Incorporated, Annual General Meeting, May 28, 2026 Jones Lang LaSalle Incorporated, Annual General Meeting, May 28, 2026. Announcement • Mar 26
Jones Lang LaSalle Incorporated to Report Q1, 2026 Results on Apr 30, 2026 Jones Lang LaSalle Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026 Recent Insider Transactions Derivative • Feb 20
Chairman of Global Executive Board exercised options and sold US$3.0m worth of stock On the 15th of February, Christian Ulbrich exercised options to acquire 10k shares at no cost and sold these for an average price of US$289 per share. This trade did not impact their existing holding. For the year to December 2019, Christian's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Christian's direct individual holding has decreased from 144.69k shares to 125.12k. Company insiders have collectively sold US$8.2m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 19
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$16.73 (up from US$11.51 in FY 2024). Revenue: US$26.1b (up 11% from FY 2024). Net income: US$792.1m (up 45% from FY 2024). Profit margin: 3.0% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.8%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$280, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Real Estate industry in the US. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$439 per share. Announcement • Feb 10
JLL Appoints Mouhammad Takieddin as new Regional Head and CEO for the Middle East and Africa JLL has appointed Mouhammad Takieddin as its new Regional Head and CEO for the Middle East and Africa (MEA). This strategic appointment reinforces the company's commitment to the region and strengthens its leadership in the region's dynamic real estate market. Based in Riyadh, Takieddin's appointment aligns with JLL's strategic objectives to leverage emerging market opportunities and accelerate business line development in critical areas such as data centers, facilities management, and AI-driven technology platforms. His leadership experience and presence in the Saudi capital will further elevate the company's market visibility, underscoring the firm's commitment to its clients, people, and business operations within the Kingdom and beyond. The new MEA Regional Head and CEO will work alongside James Allan who oversees the UAE, Egypt and Africa markets, and Saud Alsulaimani who oversees Saudi Arabia, to expand business lines across the wider region. Takieddin joins JLL from Procter & Gamble (P&G), where he spent the last 25 years, and for the last five years served as Vice President of Global Real Estate and Facilities, leading its portfolio of offices, research and development centers, manufacturing plants and distribution centers across AMER, EMEA and APAC. During his time at P&G, Mouhammad also drove large-scale real estate projects, portfolio optimization, workplace and FM transformation, digital enablement and real estate-led sustainability initiatives aligned with the company's 2030 Sustainability Ambition. In his role at JLL, Takieddin's digital transformation expertise will be core to building new regional specialization in data centers and facilities management and scaling the latest digital technologies, including AI, within real estate services to boost efficiency. As the MEA Regional Head and CEO, Takieddin will focus on JLL's growth across the region. - TradeArabia News Service. Announcement • Feb 06
Jones Lang Lasalle Incorporated Appoints Mencía Barreiros as Head of Communications, Effective from February 5, 2026 Jones Lang LaSalle Incorporated announced the appointment of Mencía Barreiros as Head of Communications, effective from February 5, 2026. In this role, Barreiros will be responsible for leading JLL's globally integrated communications strategy for internal and external audiences. She will also continue her oversight of field marketing operations, ensuring seamless alignment between communications and marketing strategies across all markets to strengthen JLL's position as a global leader. During her time at JLL, Barreiros has gained extensive experience across country, regional and global levels, holding senior roles including Head of Marketing for EMEA and Head of Marketing and Communications for Spain. Her strategic vision has been instrumental in driving key marketing initiatives across JLL's diverse portfolio. Prior to her tenure at JLL, Barreiros built a strong foundation in brand positioning and stakeholder communications through leadership positions at global companies including BBVA, Schroders and Meliá Hotels International. Effective date: February 5, 2026. Buy Or Sell Opportunity • Feb 03
Now 22% undervalued Over the last 90 days, the stock has risen 15% to US$331. The fair value is estimated to be US$427, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jan 15
Jones Lang LaSalle Incorporated to Report Q4, 2025 Results on Feb 18, 2026 Jones Lang LaSalle Incorporated announced that they will report Q4, 2025 results on Feb 18, 2026 Announcement • Jan 08
Jones Lang LaSalle Incorporated Announces Executive Changes, Effective January 15, 2026 Jones Lang LaSalle Incorporated announced key leadership changes as part of a planned transition within its Americas Leasing Advisory business. Michael Colacino has been appointed CEO Americas Leasing Advisory and John Gates will transition to Executive Chairman, Americas Leasing Advisory. The transition is effective January 15, 2026. As Executive Chairman, Gates will focus on building relationships with occupier clients, targeted broker recruitment, oversight of Mexico operations and providing strategic advisory across the platform. During his tenure as CEO, Gates strengthened JLL's presence across the Americas, expanded leasing capabilities in key markets and established the firm's industrial and logistics business. He also launched JLL University, one of the firm's most regarded training programs and advanced the Champions of Excellence tradition celebrating employees' outstanding career contributions to the firm and communities. Colacino joined JLL in 2023 as President of Tri-State Brokerage, bringing over 30 years of commercial real estate experience starting at Studley, where he led a management buyout and served as President from 2002 until the firm's acquisition by Savills in 2014. At Savills he ran the US operations and served on the Savills Global Executive Board. He later founded proptech investment firm Haiku Partners in 2019, before serving as President and then CEO at SquareFoot. His deep understanding of evolving client expectations and competitive market dynamics, alongside his data management, AI and technology expertise, strongly position him to lead the next phase of strategic growth across Americas leasing business. Gates began his career at The Staubach Company in 1990 and joined JLL through its 2008 acquisition, subsequently holding leadership roles including CEO of Markets for the U.S., Canada, and Latin America. Gates and Colacino will work together to ensure a seamless transition while continuing to deliver exceptional outcomes for JLL's leasing clients across the Americas. Announcement • Jan 07
JLL Announces Appointment of Grace Hicks as Lead Director for Exeter Office JLL announced the appointment of Grace Hicks as lead director of the Exeter office. Hicks is already a director in JLL’s compulsory purchase business, and is a qualified RICS accredited mediator and MRICS fellow of the central association of agricultural valuers qualified surveyor. Prior to working at JLL, Hicks served as associate director at BNP Paribas and senior surveyor at Lambert Smith Hampton. In the new role, Hicks will head the growth of JLL’s Exeter office and support the South West team to provide property advisory services in the region. Announcement • Dec 16
Jones Lang LaSalle Incorporated (NYSE:JLL) agreed to acquire an unknown minority stake in FMTECH Saudi Facility Management Company from Public Investment Fund. Jones Lang LaSalle Incorporated (NYSE:JLL) agreed to acquire an unknown minority stake in FMTECH Saudi Facility Management Company from Public Investment Fund on December 15, 2025. Public Investment Fund will maintain a majority stake in FMTECH.
The transaction is expected to close subject to customary closing conditions. Buy Or Sell Opportunity • Dec 08
Now 20% undervalued Over the last 90 days, the stock has risen 4.2% to US$320. The fair value is estimated to be US$401, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Dec 04
JLL Promotes Nick Whitten as Head of UK Research JLL has promoted Nick Whitten to an expanded role as head of UK research. Whitten has been at JLL for more than 11 years, prior to which he was a real estate journalist, spending four years at Estates Gazette. At JLL he has primarily focused on the residential sector with his most recent role seeing him lead living research across EMEA. Whitten will continue to lead the living research team in addition to his new role as head of UK research. Whitten will work with the market leading research teams across the UK and EMEA to provide JLL and its clients with timely, concise and prescient research and thought leadership. Announcement • Dec 02
JLL Appoints Amanda Brimmer as CFO, Leasing Advisory and Head of Corporate Development JLL announced the appointment of Amanda Brimmer as CFO, Leasing Advisory and Head of Corporate Development. Reporting to JLL CFO Kelly Howe, Brimmer will partner with business leaders globally to drive financial growth and performance. Brimmer brings more than two decades of experience from Boston Consulting Group, where she most recently served as Managing Director and Senior Partner. In this role, she led BCG's global Industrial Goods Private Investors and Private Equity practice and chaired BCG's Center for Illinois' Future. Her M&A expertise includes delivering more than 50 commercial diligences annually across multiple sectors. Brimmer received an MBA in Finance & Strategy from the Kellogg School of Management. She currently serves as a Director for the Easterseals Serving Chicagoland and Greater Rockford. Recent Insider Transactions Derivative • Nov 26
Chairman of Global Executive Board notifies of intention to sell stock Christian Ulbrich intends to sell 30k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of November. If the sale is conducted around the recent share price of US$318, it would amount to US$9.6m. For the year to December 2018, Christian's total compensation was 6% salary and 94% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Christian has owned 144.69k shares directly. Company insiders have collectively sold US$5.1m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$4.71 (up from US$3.27 in 3Q 2024). Revenue: US$6.51b (up 11% from 3Q 2024). Net income: US$222.8m (up 44% from 3Q 2024). Profit margin: 3.4% (up from 2.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Oct 22
Jones Lang Lasalle Incorporated Announces Appointments of Executives JLL has announced the appointment of Alexandra Bryant as Chief Executive Officer of Value & Risk Advisory, marking a pivotal step in the company's evolution toward next-generation valuation services. With over 20 years at JLL spanning EMEA, APAC, and the Americas, Bryant brings deep expertise from her roles as Global Head of Strategy and Corporate Development and Global Head of Strategy and Operations for Capital Markets. She will spearhead the transformation of JLL's valuation business into a scalable, AI-enhanced solution that amplifies human expertise with real-time data insights. Complementing Bryant's appointment, Mark Wynne-Smith has been named Global Lead, Asset Advisory and Services, where he will develop new growth opportunities in portfolio advisory and asset management services. His expanded remit will form part of the enhanced offering under Value & Risk Advisory. Announcement • Oct 02
Jones Lang LaSalle Incorporated to Report Q3, 2025 Results on Nov 05, 2025 Jones Lang LaSalle Incorporated announced that they will report Q3, 2025 results on Nov 05, 2025 Announcement • Sep 30
JLL Appoints Sam Schaefer as CEO of Property Management and Board of Real Estate Management Services JLL announced that it has named Sam Schaefer CEO of Property Management. Schaefer also joins JLL's Real Estate Management Services Board and will lead the globalization of the firm's Property Management business.Based in Boston, Schaefer reports into Neil Murray, Global CEO of Real Estate Management Services, JLL. In this newly created role, Schaefer oversees the full spectrum of Property Management services globally. He will lead JLL's reshaped Property Management business to adapt to the dynamic needs of the market and seamlessly deliver superior value to clients, while also enabling the team to increase efficiencies, foster talent development and unlock growth opportunities for the business. Schaefer joins JLL from Trammell Crow Company, where he served as Principal. Prior to Trammell Crow Company, Schaefer was the President & CEO at Hobbs Brook Real Estate and Managing Director and Global Head of Leasing, Corporate Outreach and Property Management at Tishman Speyer. Outside of JLL, Schaefer is active in his community as an avid non-profit volunteer and athlete. Announcement • Sep 25
JLL Appoints Russell Mcmillan as Growth and Innovation Lead JLL has strengthened its EMEA team with the appointment of Russell McMillan as growth and innovation lead. This role was created as part of the firm’s evolving global strategy and follows Karen Osborn’s appointment as
growth and innovation lead for the Americas in March. McMillan brings 25 years of big four consulting experience, having most recently served as the partner at Deloitte. Prior to that, he was interim chief financial officer of the corporate real estate function at HSBC. He has also held consultancy positions at PwC and Cushman & Wakefield. In his new role, based in London, McMillan will be responsible for driving growth and innovation across consulting, lease administration and transaction management, with a focus on account integration and cross-practice collaboration. Announcement • Aug 14
JLL Transforming Building Operations with Powerful New AI Capabilities JLL introduced artificial intelligence (AI) capabilities that are now available as an add-on to Prism, its award-winning building operations platform. As part of JLL's property management technology ecosystem powered by JLL Falcon, Prism AI is setting a new industry standard and multiplying property teams' strategic impact across portfolios while reducing costs. Prism AI provides comprehensive, predictive operational intelligence across all aspects of building operations -- driving faster decisions on resource allocation, tenant satisfaction, risk mitigation, vendor management, capital investments and more. Prism AI transforms disparate property documents stored in Prism into an integrated, searchable knowledge base that automates administrative tasks and streamlines workflows. Property teams can get smart recommendations to improve tenant satisfaction based on Prism AI's analysis of service request patterns. Teams can analyze years of property task and workflow data. Engineers can leverage Prism AI to analyze service manuals against warranty documentation to detect coverage opportunities and prevent costly out-of-pocket repairs. With its ability to plan more strategically and track more data, Prism AI drives efficiency, compliance and substantial cost savings across the entire property management lifecycle. With Prism's intuitive interface, users can ask simple, conversational questions like, "What issues from last quarter's property inspection are still outstanding?" and get instant answers plus relevant recommendations. By maintaining conversational history and improving transparency, Prism AI empowers property professionals with the operational intelligence needed to make data-driven decisions. Designed with security in mind, Prism AI is built on secure, reliable infrastructure with automatic backups to keep data safe. Additionally, Prism AI maintains complete data separation so property data, tenant information and financial details remain private to each organization. Reported Earnings • Aug 06
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: US$2.37 (up from US$1.78 in 2Q 2024). Revenue: US$6.25b (up 11% from 2Q 2024). Net income: US$112.3m (up 33% from 2Q 2024). Profit margin: 1.8% (up from 1.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to stay flat during the next 3 years compared to a 10.0% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Jul 09
Jones Lang LaSalle Incorporated to Report Q2, 2025 Results on Aug 06, 2025 Jones Lang LaSalle Incorporated announced that they will report Q2, 2025 results on Aug 06, 2025 Announcement • May 29
Jones Lang LaSalle Incorporated (JLL) Continues to Revolutionize AI Applications with JLL Property Assistant Jones Lang LaSalle Incorporated (JLL) announced JLL Property Assistant, the artificial intelligence (AI) assistant designed for real estate owners spanning retail, industrial and office properties. Leveraging the power of JLL Falcon, the industry's first comprehensive AI platform, JLL Property Assistant offers actionable insights and AI-derived recommendations to optimize property performance. JLL Property Assistant is designed to deliver AI-powered recommendations for how property teams can improve performance in areas ranging from operations to tenant sentiment. The tool works with Acumen, JLL's property and business intelligence platform that integrates data from key systems, including financial data from accounting applications like Yardi and MRI, operational data from Prism by Building Engines, and other critical proptech functions. Through a natural language chat interface, property and asset managers can ask freeform questions about their buildings, such as, " Which retail assets have the highest vacancy risks in Third Quarter?" or "What does net operating income (NOI) look like year-to-date?" The AI solution quickly delivers answers, drawing information from JLL's enterprise data warehouse. Specific benefits of JLL Property Assistant include: Faster, data-driven decision making: generate tenancy reports, auto-generate stacking plans, analyze expense trends, and uncover tenant retention and occupancy insights. Enhanced operational efficiency: review high-priority task statuses, identify tenant satisfaction issues, and analyze work order trends. Greater profitability and financial health: access operational budget breakdowns, receive vacancy filling recommendations, and easily generate finance reports. JLL Property Assistant adheres to enterprise-grade security protocols, ensuring client data protection while at the same time leveraging JLL's anonymized global benchmarks. Announcement • May 22
Jones Lang Lasalle Incorporated Elects Catherine Clay and Larry Quinlan as Directors Jones Lang LaSalle Incorporated at its AGM held on May 21, 2025 elected Catherine Clay and Larry Quinlan as Directors. Reported Earnings • May 07
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: US$1.17 (down from US$1.39 in 1Q 2024). Revenue: US$5.75b (up 12% from 1Q 2024). Net income: US$55.3m (down 16% from 1Q 2024). Profit margin: 1.0% (down from 1.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is expected to decline by 8.7% p.a. on average during the next 3 years, while revenues in the Real Estate industry in the US are expected to grow by 10%. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Apr 17
Price target decreased by 7.8% to US$291 Down from US$316, the current price target is an average from 9 analysts. New target price is 38% above last closing price of US$211. Stock is up 21% over the past year. The company is forecast to post earnings per share of US$15.22 for next year compared to US$11.51 last year. Announcement • Apr 14
Jones Lang LaSalle Incorporated, Annual General Meeting, May 21, 2025 Jones Lang LaSalle Incorporated, Annual General Meeting, May 21, 2025. Announcement • Apr 09
Jones Lang LaSalle Incorporated to Report Q1, 2025 Results on May 07, 2025 Jones Lang LaSalle Incorporated announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$208, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Real Estate industry in the US. Total loss to shareholders of 6.4% over the past three years. Announcement • Feb 28
JLL Appoints Travis McCready as New Head of Industries, Leasing Advisory JLL announced it has appointed Travis McCready as the Head of Industries, Leasing Advisory. In this new role, he now oversees brokerage and advisory for JLL's key global industry verticals, including Aerospace and Defense, Data Centers, Energy, Financial Services, Healthcare, Higher Education, Life Sciences and Technology. McCready has amassed more than 25 years of experience leading public, private and non-profit organizations. His expertise in science and technology-based real estate and innovation infrastructure supports pharmaceutical and biotech clients in their mission to deliver medicines and therapies to patients around the world. Based in Boston, he joined JLL in 2020 as Head of Life Sciences, Americas Markets. He also chairs JLL's Global Life Sciences Advisory Board and is a member of the firm's Innovation Districts Practice that provides strategic advisory services across the world. McCready seeks to ensure JLL's platform delivers the highest level of expertise, service and strategic engagement to industries that rely on real estate and infrastructure to deliver value. He's focused on deepening relationships with clients across various sectors to provide innovative real estate strategies and services tailored to each core global industry's unique business model. Announcement • Feb 26
JLL Appoints Sean Coghlan as Head of Investor Relations JLL announced that it has named Sean Coghlan as Head of Investor Relations. Coghlan, who previously led Global Research & Strategy for Capital Markets, will be responsible for advancing JLL's strategic investor relations initiatives and engaging with shareholders and the broader financial community. Coghlan will report to CFO Karen Brennan, succeeding Brian Hogan, who was acting as the interim lead of Investor Relations over the past six months. Hogan will continue in his role as Global Head of Analytics and Strategic Insights and partner closely with Coghlan to advance strategic finance and investor relations priorities. Since joining JLL in 2010, Coghlan has held several leadership positions. In his current role, he has been instrumental in driving strategic insights, market analysis and strategy for the business globally. He serves as a member of the Global Research Executive Board and the Expanded Global Capital Markets Board. Previously, Coghlan served as the Head of Investor Research for the Americas, leading the regional research platform. Coghlan received his Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania, where he concentrated in Real Estate and Management. He additionally completed Masters-level coursework at the Rotterdam School of Management in the fields of International and Strategic Management. Recent Insider Transactions Derivative • Feb 20
Chairman of Global Executive Board exercised options and sold US$2.0m worth of stock On the 15th of February, Christian Ulbrich exercised options to acquire 7k shares at no cost and sold these for an average price of US$283 per share. This trade did not impact their existing holding. For the year to December 2018, Christian's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Christian has owned 134.99k shares directly. Company insiders have collectively sold US$4.8m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 19
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$11.51 (up from US$4.73 in FY 2023). Revenue: US$23.4b (up 13% from FY 2023). Net income: US$546.8m (up 143% from FY 2023). Profit margin: 2.3% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jan 22
Jones Lang LaSalle Incorporated Appoints Godfrey Anderson as Director Jones Lang LaSalle Incorporated appointed new senior executives to its EMEA data centre team as the growth of artificial intelligence and machine learning technologies requiring infrastructure support provided by hyperscale data centres booms. To keep up with demand, the firm has appointed Godfrey Anderson as director and critical environment centre of excellence programme lead. Anderson joins from Morgan Stanley. Announcement • Jan 15
Jones Lang LaSalle Incorporated to Report Q4, 2024 Results on Feb 19, 2025 Jones Lang LaSalle Incorporated announced that they will report Q4, 2024 results on Feb 19, 2025 Price Target Changed • Dec 17
Price target increased by 8.1% to US$311 Up from US$288, the current price target is an average from 9 analysts. New target price is 16% above last closing price of US$268. Stock is up 47% over the past year. The company is forecast to post earnings per share of US$11.63 for next year compared to US$4.73 last year. Price Target Changed • Dec 03
Price target increased by 8.8% to US$294 Up from US$270, the current price target is an average from 8 analysts. New target price is 5.4% above last closing price of US$279. Stock is up 73% over the past year. The company is forecast to post earnings per share of US$11.42 for next year compared to US$4.73 last year. Announcement • Nov 13
JLL Reinvents Ai-Powered JLL Azara for Enhanced Real Estate Data Analysis JLL announced the reinvention of JLL Azara, an AI-powered, data analysis application designed to transform how business leaders interact with corporate real estate and facilities management data. The solution is powered by JLL Falcon, JLL's new AI platform that equips its CRE experts with the company's vast proprietary industry data to deliver timely, revenue-generating and cost-saving insights. JLL Azara is a first of its kind resource that allows corporate real estate experts to utilize a conversational interface for customized, instantaneous insights based on their unique, evolving needs. JLL Azara addresses complex questions from JLL clients across sectors, including performance and facilities managers and business analysts, to help them make data-driven decisions with better insight and at greater speeds. Using natural language queries, users can inquire about topics like portfolio optimization, occupancy planning, capital improvement project budgeting, service provider performance and more. In its pilot testing with a global technology company, JLL Azara enabled significant improvements on analyzing workplace challenges by providing faster, more targeted insights. In one case, the application's conversational interface was key in helping the company identify a no-fault work order volume anomaly at one of their locations and accelerated corrective action. JLL Azara guides users through the query process to ensure all data is complete and accurate before running an analysis, while also adapting to each unique interaction to provide more personalized, relevant intelligence and insights. Other AI tools powered by JLL Falcon include JLL GPT™, the first generative AI assistant purpose-built for the CRE industry, that is being rapidly adopted by JLL employees across the business and solving for over 200,000 prompts weekly. JLL's approach to AI is driven by the people who build, sell, invest, operate, manage and inhabit space. The company will celebrate the next frontier of its AI journey, as well as its 25th anniversary of being listed on the New York Stock Exchange under the JLL ticker, by ringing the closing bell on November 13. Building on its last 25 years as a public company, JLL is laser-focused on continuing to grow in the near-term, with its progressive technology and AI strategy catalyzing that growth. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$3.27 (up from US$1.25 in 3Q 2023). Revenue: US$5.87b (up 15% from 3Q 2023). Net income: US$155.1m (up 160% from 3Q 2023). Profit margin: 2.6% (up from 1.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Oct 30
JLL Announces the Launch of Its Artificial Intelligence Platform, JLL Falcon JLL announced the launch of its artificial intelligence (AI) platform, JLL Falcon, designed to accelerate the digital transformation of the commercial real estate (CRE) industry. The new platform is a cutting-edge set of AI-enabled software services that combines JLL's vast and comprehensive proprietary data with generative AI models to deliver timely, revenue-generating and cost-saving insights, as well as maximize returns. This revolutionary platform for the CRE industry will chart the future course for JLL's AI journey. Featuring multi-modal AI foundation models, data pipelines, security and privacy features, natural language and decorative processing layers and advanced analytics capabilities, JLL Falcon will power a wide range of CRE applications, including custom assistants. Additionally, the platform's open architecture seamlessly blends best-in-class internal and external technologies to streamline JLL's approach to researching opportunities, extending and analyzing complex data and delivering trustworthy, actionable insights. JLL Falcon will also power the next iteration of JLL GPT, the first generative AI assistant purpose-built for the CRE industry, which, since being introduced in August 2023, has provided JLL's entire workforce with the capability to create specialized insights based on curated datasets to deliver better client outcomes. Since launching JLL GPT™? last year, JLL has seen rapid adoption rates across both technical and non-technical roles. More than 47,000 JLL professionals have already used the tool to provide more creative, customized solutions for clients. Most recently, JLL GPT™? has gained powerful new capabilities such as image understanding, an enhanced knowledge base and 25 times more working memory than its inaugural version. JLL's approach to AI is driven by the people who build, sell, invest, operate, manage and inhabit space. Asgenerative AI is expected to revolutionize the commercial real estate industry, JLL is poised to lead the sector into the next stage of transformation, with new solutions slated to launch later this year. Announcement • Oct 09
Jones Lang LaSalle Incorporated to Report Q3, 2024 Results on Nov 06, 2024 Jones Lang LaSalle Incorporated announced that they will report Q3, 2024 results on Nov 06, 2024 Announcement • Oct 01
Jones Lang LaSalle Incorporated (NYSE:JLL) reached an agreement to acquire Raise Commercial Real Estate, Inc. Jones Lang LaSalle Incorporated (NYSE:JLL) reached an agreement to acquire Raise Commercial Real Estate, Inc. on October 1, 2024. The transaction is expected to close shortly, subject to customary closing conditions. Reported Earnings • Aug 07
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: US$1.78 (up from US$0.052 in 2Q 2023). Revenue: US$5.63b (up 11% from 2Q 2023). Net income: US$84.4m (up US$81.9m from 2Q 2023). Profit margin: 1.5% (up from 0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 23
Jones Lang Lasalle Incorporated Announces Board of Directors Changes Jones Lang LaSalle Incorporated announced that Susan Gore was elected as an independent, non-executive member of its Board of Directors effective May 22, 2024. She will serve as a member of the Audit and Risk and Nominating, Governance and Sustainability Committees. Gore brings more than 30 years of accounting, auditing and finance experience to the JLL Board. Gore held various leadership roles at PriceWaterhouseCoopers LLP (PwC) during her 33-year tenure with the firm. Most recently, Gore served as the Managing Partner of PwC's Global Technology and Information Security organization from 2016 until her retirement in 2022. She previously served as the Global Assurance Chief Operations Officer and PwC's US Assurance Transformation Leader. Prior to these roles, Gore was an Assurance partner providing professional accounting services to clients ranging from high-growth startups to large multi-nationals. From 2001 to 2006, Gore was the Chief Financial Officer of a late-stage venture backed software company and a Portfolio Advisor for a Silicon Valley Venture Capital firm. Gore brings global leadership experience in technology and security services and executing digital transformation initiatives to the JLL Board. She also brings significant experience in finance, human capital, and operational planning, as well as considerable prior experience advising boards of directors and board committees, providing valuable insights and guidance on audit effectiveness and efficiencies. Gore holds a Bachelor of Business Administration degree in Accounting from Texas Christian University and is a licensed Certified Public Accountant. In another change to JLL's Board, Ann Marie Petach did not stand for re-election. Petach served as a Director since 2015 and Chair of the Audit and Risk Committee from 2016 through 2023. In addition to Mehta, Gore and Ulbrich, JLL's Board members include Hugo Bagué, Matthew Carter, Jr., Tina Ju, Bridget Macaskill, Deborah H. McAneny, Moses Ojeisekhoba, Jeetu Patel, Larry Quinlan and Efrain Rivera. Announcement • May 16
Jones Lang LaSalle Incorporated (NYSE:JLL) entered into an agreement to acquire Skae Power Solutions LLC. Jones Lang LaSalle Incorporated (NYSE:JLL) entered into an agreement to acquire Skae Power Solutions LLC on May 15, 2024. As part of the transaction, SKAE's 75 employees will join JLL Work Dynamics, led by Peter Skae who will report to Matt Landek, Americas Managing Director for Data Centers. The acquisition will form JLL's Technical Services division within the Data Center vertical and operate as SKAE, a JLL company. The transaction is expected to close shortly, subject to customary closing conditions. Layer 7 Capital, LLC acted as a financial advisor to SKAE Power Solutions LLC in this transaction. Reported Earnings • May 06
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$1.39 (up from US$0.19 loss in 1Q 2023). Revenue: US$5.12b (up 8.7% from 1Q 2023). Net income: US$66.1m (up US$75.3m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 137%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Jones Lang LaSalle Incorporated, Annual General Meeting, May 22, 2024 Jones Lang LaSalle Incorporated, Annual General Meeting, May 22, 2024, at 08:00 Central Standard Time. Agenda: To consider Election of the twelve Director nominees identified in the 2024 Proxy Statement; to consider Approval, on an advisory basis, of the company's executive compensation; to consider Approval of the Third Amended and Restated 2019 Stock Award and Incentive Plan; to consider Ratification of the appointment of KPMG LLP as JLL’s independent registered public accounting firm for the year ending December 31, 2024; and to transact any other business properly presented at the meeting, including any adjournment or postponement thereof, by or at the direction of the Board of Directors. Announcement • Apr 10
Jones Lang LaSalle Incorporated to Report Q1, 2024 Results on May 06, 2024 Jones Lang LaSalle Incorporated announced that they will report Q1, 2024 results on May 06, 2024 Announcement • Mar 28
JLL Announces Executive Changes, Effective April 1, 2024 JLL announced 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. Effective April 1, 2024, Raphael will manage JLL's own corporate indirect spend and the procurement of goods and services on behalf of JLL clients. Raphael, who reports to Murray in his capacity as Executive Board Sponsor for Sourcing & Procurement, has amassed sourcing experience around the world and been an instrumental part of JLL since 2011. He previously served as JLL's Global Head of Sourcing Solutions Development & Operations where he managed the global sourcing team that responds to client outsourcing requests and was responsible for the operations team. Currently based in Chicago, he spent 17 years in Asia in a variety of roles, including Chief Procurement Officer in the Asia-Pacific region, where he led a team of 226 procurement professionals in 14 countries. He also managed the Vendor Service Centre in Manila, Philippines, that supported JLL globally in areas such as contract management, supplier performance management, electronic RFP creation and procurement reporting. Raphael will lead JLL's Global Procurement Leadership Team and will serve as a member on the Global Work Dynamics Board. After an interim period, he succeeds Juud Tempelman. Reported Earnings • Feb 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$4.73 (down from US$13.51 in FY 2022). Revenue: US$20.8b (flat on FY 2022). Net income: US$225.4m (down 66% from FY 2022). Profit margin: 1.1% (down from 3.1% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Real Estate industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Feb 21
Chairman of Global Executive Board exercised options and sold US$1.2m worth of stock On the 15th of February, Christian Ulbrich exercised options to acquire 6k shares at no cost and sold these for an average price of US$193 per share. This trade did not impact their existing holding. For the year to December 2017, Christian's total compensation was 7% salary and 93% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Christian has owned 116.20k shares directly. Company insiders have collectively sold US$2.8m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 13
Jones Lang LaSalle Incorporated Announces Executive Changes JLL announced the hiring of Executive Vice Presidents, Edgar Buksevics and Kevin Meikle, along with an established team supporting all activities in the market. Buksevics' impressive track record includes a diverse portfolio of successful transactions across Canada. He has managed and executed mandates for a wide range of property types, including office, retail, multi-family rentals, and development land sales. These transactions have varied in size, scale, and complexity, further showcasing his expertise and ability to navigate different real estate markets. A trusted advisor with a stellar reputation, Buksevics will be an unrivaled asset for JLL in the Western Canadian market. In addition to working on investment sales in British Columbia, Buksevics will also focus on providing clients with advisory on forming joint ventures and connecting capital for new projects. Meikle's experience in real estate investment, joint ventures and financial structuring is unmatched. In his previous position, Meikle successfully managed the Investment Sales team, overseeing transactions across various property asset classes including office, retail, industrial, and development. He also played a key role in providing strategic guidance on debt structure, participation debt and equity, as well as project forward sales. Announcement • Jan 17
Jones Lang LaSalle Incorporated to Report Q4, 2023 Results on Feb 27, 2024 Jones Lang LaSalle Incorporated announced that they will report Q4, 2023 results on Feb 27, 2024 
