Jones Lang LaSalle(JLL)

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Jones Lang LaSalle(JLL) - 2025 Q1 - Earnings Call Transcript
2025-05-07 14:00
Financial Data and Key Metrics Changes - The company reported double-digit revenue gains across both resilient and transactional businesses, with a 28% growth in adjusted EPS [6][7] - Adjusted EBITDA margin improved due to higher transactional revenues and operating efficiency [24][28] Business Line Data and Key Metrics Changes - Real Estate Management Services saw revenue growth led by Workplace Management, with nearly 30% increase on a two-year stacked basis [16] - Leasing Advisory experienced broad-based revenue growth, with an 18% increase in office leasing and a 14% increase in industrial leasing [19] - Capital Markets Services reported over 45% growth in debt advisory and 15% growth in investment sales [22] Market Data and Key Metrics Changes - U.S. office leasing increased for the fifth consecutive quarter, exceeding first quarter 2019 levels, although large transactions remain approximately 30% below pre-pandemic averages [20][58] - The industrial market showed a 14% revenue growth in the U.S., despite a 20% decline in overall market volume [61] Company Strategy and Development Direction - The company is focused on profitable and sustainable growth, investing in technology and people to enhance service delivery [8][30] - There is a strategic shift towards globalizing the Property Management business and capitalizing on outsourcing trends [9][10] Management's Comments on Operating Environment and Future Outlook - Management noted that while the current economic climate presents challenges, the company remains confident in its strategy and long-term growth drivers [8][33] - The company is maintaining its full-year adjusted EBITDA target range of $1,250 million to $1,450 million, reflecting resilience in its operations [30][31] Other Important Information - The company has a strong liquidity position with $3.3 billion in total liquidity and a net leverage ratio of 1.4 times, down from 1.9 times a year earlier [29] - Leadership changes were announced, with Karen taking on a new role as CEO of Leasing Advisory and Kelly Howe succeeding her as CFO [12][13] Q&A Session Summary Question: How does the company underwrite long-term political risk? - Management acknowledged increased uncertainty and decreased visibility but emphasized the need for GDP growth, which correlates with their operations [36][38] Question: Will macro uncertainty affect real estate outsourcing? - Management indicated that companies may still seek to outsource for cost-cutting, but decision-making may slow due to lack of visibility [39][41] Question: What are the growth expectations for Real Estate Management Services? - Management expects high single-digit to low double-digit growth, with some downward pressure in the current year due to evolving property management integration [47][50] Question: How is the company addressing capital raising and asset management? - Management noted a significant increase in capital raised in Q1 2025 compared to the previous year, with expectations for continued investment opportunities [54] Question: Are there geographic trends in the office market? - Management observed strong performance in the West Coast and mixed results in gateway cities, with secondary markets improving [83] Question: How is hiring being managed in the current environment? - Management stated that hiring plans are tailored to market conditions, with a cautious approach in uncertain times [86]
Jones Lang LaSalle (JLL) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-07 13:45
Jones Lang LaSalle (JLL) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.02 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.36%. A quarter ago, it was expected that this financial and professional services company would post earnings of $5.80 per share when it actually produced earnings of $6.15, delivering a surprise of 6.03%.Over ...
Jones Lang LaSalle(JLL) - 2025 Q1 - Earnings Call Presentation
2025-05-07 11:35
Earnings Presentation 14.88 First Quarter 2024 May 6th, 2024 Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and share repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside ...
JLL Reports Financial Results for First-Quarter 2025
Prnewswire· 2025-05-07 11:30
Broad-based increases in resilient and transactional revenues drove fourth consecutive quarter of double-digit revenue growthCHICAGO, May 7, 2025 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2025 with diluted earnings per share of $1.14 (down 19%, driven by non-cash losses) and adjusted diluted earnings per share1 of $2.31 (up 28%). Growth momentum of Resilient4 and Transactional4 revenues continued as both achieved double-digit in ...
Unveiling Jones Lang LaSalle (JLL) Q1 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-05-05 14:21
The upcoming report from Jones Lang LaSalle (JLL) is expected to reveal quarterly earnings of $2.02 per share, indicating an increase of 13.5% compared to the year-ago period. Analysts forecast revenues of $5.59 billion, representing an increase of 9% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during thi ...
JLL Income Property Trust Fully Subscribes $105 Million DST Program
Prnewswire· 2025-04-29 16:00
CHICAGO, April 29, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified VII. The $105 million DST program was structured as two Delaware Statutory Trusts designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring ...
JLL Announces Details of First Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-04-09 13:00
The conference call will also be webcast live from the company's Investor Relations website at ir.jll.com. The presentation slides to supplement the webcast will be available in the Events & Presentations section of the Investor Relations website shortly before the webcast begins. The webcast replay will be available for 12 months following the event on the Investor Relations website. CHICAGO, April 9, 2025 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast t ...
JLL Income Property Trust Acquires Chicago Area Medical Outpatient Facility
Prnewswire· 2025-04-03 16:00
CHICAGO, April 3, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.6 billion in portfolio equity and debt investments, announced today the acquisition of Naperville Medical Center, a high quality, newly converted single story medical outpatient building in the Chicago suburb of Naperville, IL for a purchase price of approximately $16.3 million.Naperville Medical Center totals 39,500 square feet and is 10 ...
JLL recognized as global leader in advancing health and well-being in built environments
Prnewswire· 2025-04-01 12:00
JLL earns three prestigious awards, reaffirming its position as the top provider of WELL services globally In addition to the organizational recognition, JLL is proud to announce two of its employees received individual awards: "These awards reflect our Sustainability Consulting team's dedication to revolutionizing the impact buildings have on health, equity and quality of life," said Rex Hamre, Managing Director and Head of Sustainability, North America for JLL. "Our continued recognition reaffirms JLL's p ...
Why Jones Lang LaSalle (JLL) is a Top Growth Stock for the Long-Term
ZACKS· 2025-03-31 14:51
Company Overview - Jones Lang LaSalle Incorporated (JLL) is a leading full-service real estate firm providing corporate, financial, and investment management services globally [12]. - JLL is currently rated 3 (Hold) on the Zacks Rank, with a VGM Score of A, indicating a solid performance potential [12]. Growth Potential - JLL is identified as a top pick for growth investors, with a Growth Style Score of A, forecasting a year-over-year earnings growth of 19.2% for the current fiscal year [13]. - In the last 60 days, three analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.25 to $16.70 per share [13]. - The company has an average earnings surprise of 39.4%, suggesting strong performance relative to expectations [13].