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.

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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.

Combines sustainability strategy, services and purpose-built software to help companies achieve their decarbonization goals CHICAGO , June 14, 2023 /PRNewswire/ -- JLL (NYSE: JLL) today announced decarbonization consulting services and purpose-built technology designed specifically for the commercial real estate industry. The offering, Decarbonization Strategy, helps corporate real estate owners and investors understand their carbon footprint and develop a data-driven investment roadmap to create and protect value across their real estate portfolio.

JLL Launches CRE Decarbonization Solution

267 Bond St. / 510 Sackett St . will consist of two towers, 517 residential units and 10,000 square feet of retail in Gowanus, Brooklyn NEW YORK , June 9, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has secured the $520 million capitalization for the development of Sackett Place and Society Brooklyn, an under-construction, two-tower, 21-story luxury waterfront mixed-use community with 517 multi-housing units and 10,000 square feet of retail in Gowanus, Brooklyn.

JLL arranges $520M capitalization for waterfront mixed-use development in Brooklyn

CHICAGO , June 6, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that CEO Christian Ulbrich and CFO Karen Brennan are scheduled to present at William Blair's 43rd Annual Growth Stock Conference on Thursday, June 8, 2023, at 8:00 a.m. Central Time.

JLL Announces Participation in William Blair's 43rd Annual Growth Stock Conference

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Despite short-term challenges, central business districts are well-positioned to capitalize on their strengths to become resilient, multi-purpose destinations and attract investment CHICAGO , May 25, 2023 /PRNewswire/ -- Cities globally are at an inflection point, navigating structural changes to how people live and work due to the pandemic. JLL's (NYSE: JLL) new The Future of the Central Business District report explores how cities are adapting to these changes and how the public and private sector can collaborate to help central districts remain relevant for residents, visitors, businesses and investment.

Central cities are ripe for reinvention in the aftermath of the pandemic

The financial fallout from half-empty U.S. office buildings has begun to be reflected in prices for bonds backed by luxury office buildings.

Debt on trophy office buildings is starting to buckle as loans come due

The secured loan will help complete the 122-acre Palmeraie development, which includes The Ritz-Carlton Paradise Valley and The Ritz Carlton Residences SAN DIEGO , May 15, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $585 million refinancing for The Ritz-Carlton Paradise Valley, The Ritz Carlton Residences and The Palmeraie in Paradise Valley, Arizona. JLL worked on behalf of the borrower, Five Star Development, in securing the loan with Madison Realty Capital.

JLL arranges $585M refinancing for mixed-use development in Phoenix

SAN FRANCISCO , May 11, 2023 /PRNewswire/ -- JLL (NYSE: JLL) today announced that effective immediately, Yao Morin will serve as Chief Technology Officer (CTO) – the first to serve in this newly created role. As CTO, Morin will lead JLL's global technology development strategy and delivery and will oversee the newly centralized engineering group within JLL Technologies (JLLT), the technology division of JLL.

JLL Appoints Yao Morin as Chief Technology Officer

Jones Lang LaSalle (JLL) Q1 earnings lag estimates on poor transaction-based businesses' performance as higher interest rates and macroeconomic uncertainty lead to lower transaction volumes.

Jones Lang LaSalle (JLL) Q1 Earnings Miss, Revenues Fall Y/Y

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Jones Lang LaSalle Incorporated (NYSE:JLL ) Q1 2023 Earnings Call Transcript May 4, 2023 9:00 AM ET Company Participants Scott Einberger - Investor Relations Officer Christian Ulbrich - Chief Executive Officer and President Karen Brennan - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Michael Griffin - Citigroup Chandni Luthra - Goldman Sachs Stephen Sheldon - William Blair & Co. Jade Rahmani - KBW Operator Good morning. My Christy and I'll be your conference operator today.

Jones Lang LaSalle Incorporated (JLL) Q1 2023 Earnings Call Transcript

JLL Capital Markets arranged the debt and equity capitalization for The Italic, a to-be-built, 363-unit property in Long Island City, Queens, New York NEW YORK , May 4, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at of 26-32 Jackson Ave. in Long Island City.

JLL arranges $350M capitalization for the construction of trophy residential tower in Long Island City

Jones Lang LaSalle (JLL) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $3.47 per share a year ago.

Jones Lang LaSalle (JLL) Misses Q1 Earnings Estimates

Resilient performance by annuity-based businesses outpaced by continued market-wide pullback in transactional revenues CHICAGO , May 4, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for first-quarter 2023 with diluted loss per share of $0.19 and adjusted diluted earnings per share1 of $0.65. First-quarter revenue was $4.7 billion, up 1% in local currency, and fee revenue1 was $1.6 billion, down 15% in local currency Market-wide transaction slowdown continued to impact Capital Markets activity, which was down against a robust prior year Muted Leasing activity across asset classes and most geographies drove the Markets Advisory decline Strong demand continued for Project Management, driving double-digit growth in Work Dynamics Margin contraction was primarily driven by the decline in transaction-based revenue Run-rate fixed expense growth over the past few quarters was partially offset by ongoing cost reduction actions "Our first quarter financial results were in line with the expectations we had at the beginning of the year.

JLL Reports Financial Results for First-Quarter 2023

Jones Lang LaSalle (JLL) was a big mover last session on higher-than-average trading volume.

Jones Lang LaSalle (JLL) Soars 7.0%: Is Further Upside Left in the Stock?

Jones Lang LaSalle (JLL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Jones Lang LaSalle (JLL) Expected to Beat Earnings Estimates: Should You Buy?

CHICAGO , April 27, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced today the appointment of Courtney Huggins as Global Treasurer. Reporting to CFO Karen Brennan, she will lead the transformation of the firm's global treasury function, with a focus on international cash flow optimization, improved treasury automation, increased sustainable financing and strategic debt and balance sheet management.

JLL Appoints Courtney Huggins as Global Treasurer

CHICAGO , April 17, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss first quarter 2023 results on Thursday, May 4th, 2023, at 9 a.m. Eastern time.

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

Seasoned expert selected to lead world-class internal and external communications function CHICAGO , March 30, 2023 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) announced today the appointment of Laura Vallis to the role of Head of Communications. Effective April 3, she will be responsible for leading the globally integrated strategy, implementation and delivery of communications to employees, partners and external audiences.

JLL appoints Laura Vallis Head of Communications

Collaboration between building owners and tenants essential to reaching sustainability goals CHICAGO , March 20, 2023 /PRNewswire/ -- As real estate occupiers face increased pressure to lower their carbon footprint, and investors are greening their portfolios, green leases can benefit both landlords and tenants while also serving to decarbonize real estate. JLL's (NYSE: JLL) new Green Leasing 2.0: Bridging the owner-occupier divide to deliver shared ESG value report outlines the considerations building occupiers and owners should include at all stages of the relationship to incorporate sustainability.

Revamping green leases is critical to driving decarbonization

Extensive real estate market knowledge and solid industry fundamentals bode well for Jones Lang LaSalle (JLL). However, macroeconomic uncertainty and rising interest rates are major headwinds.

Should You Hold on to Jones Lang LaSalle (JLL) Stock for Now?

Firm recognized for exceptional leadership and commitment to business integrity  CHICAGO , March 13, 2023 /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 2023 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 16th consecutive year

Greg O'Brien to become Executive Chairman, Americas Markets Advisory CHICAGO , March 9, 2023 /PRNewswire/ -- JLL (NYSE: JLL) names Andy Poppink CEO, Markets Advisory, succeeding Greg O'Brien, who has been appointed to a key new role as Executive Chairman, Americas Markets Advisory. These changes, which reflect JLL's ongoing commitment to focus on growth and develop exceptional talent at all levels of the company, are effective July 1, 2023.

JLL promotes Andy Poppink to Global Executive Board as CEO, Markets Advisory

Firm recognized for strong environmental, social and governance efforts for fourth consecutive year CHICAGO , March 8, 2023 /PRNewswire/ -- JLL (NYSE: JLL) has been named to Barron's 2023 list of the Most Sustainable U.S. Companies for the fourth consecutive year. JLL ranked sixth, moving up 14 spots from the 2022 list.

JLL Climbs Barron's Most Sustainable Companies List

Avia Labs at Millbrae Station caters to tenants seeking purpose-built space in a transit-oriented location SAN FRANCISCO , March 3, 2023 /PRNewswire/ -- JLL's Capital Markets group announced today that it arranged a $310 million construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315,000 square feet at the Bart and Caltrain station in Millbrae, California. The project will be the first all-electric life sciences development in California.

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