Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio [Accessibility Statement] Skip NavigationNEW YORK, Feb. 24, 2026 /PRNewswire/ -- [Storage Post Self Storage], a leading self-storage company, today announced the acquisition of a [new self-storage facility in Plainview, New York], further extending its footprint across Long Island. The property is located at 150 Fairchild Avenue, Plainview, NY, and was formerly operated as a CubeSmart facility.Continue ReadingStorage Post PlainviewTh ...

免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：2月23日，仲量联行最新发布的《香港地产市场观察》报告指出，受金融行业租赁需求推 动，中环甲级写字楼空置率于1月底降至10.1%，较2024年9月高点12.2%显著回落，创2023年以来新 低。整体写字楼市场空置率亦下降至13.5%，湾仔/铜锣湾及尖沙咀空置率均按月下降0.5个百分点。 1月份，香港甲级写字楼市场录得589,700平方呎的正净吸纳量，其中Turiya Capital在中环The Henderson 承租5,700平方呎。整体租金按月上升0.3%，连续第四个月录得增长，其中中环租金涨幅达1.2%，带动 整体市场表现。 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was $26,115.6 million, representing an 11% increase from $23,432.9 million in 2024 [320]. - Operating income increased by 26% to $1,098.0 million in 2025, compared to $868.1 million in 2024 [320]. - The company reported a net income attributable to common shareholders of $792.1 million for 2025, compared to $546.8 million in 2024 [331]. - Adjusted EBITDA for 2025 was $1,452.9 million, a 22% increase from $1,186.3 million in 2024 [331]. - Consolidated revenue increased by 11% to $25.0 billion in 2025, with transactional revenues up 13% and resilient revenues up 11% [335]. - Net income attributable to common shareholders increased to $792.1 million in 2025, up from $546.8 million in 2024, with diluted earnings per share rising to $16.40 [348]. Revenue Breakdown - Real Estate Management Services revenue grew by 11% to $20,001.2 million in 2025, up from $17,992.7 million in 2024 [320]. - Leasing Advisory revenue rose by 11% to $3.0 billion, with significant growth in the office sector across various geographies [359]. - Capital Markets Services revenue increased by 19% to $2.4 billion, primarily driven by investment sales and debt advisory transactions [362]. - Investment Management revenue decreased by 4% to $450.1 million in 2025, primarily due to a 35% drop in incentive fees [365][366]. - Software and Technology Solutions revenue grew by 3% to $232.3 million, driven by double-digit growth in software [370][371]. Expenses and Charges - Total operating expenses for 2025 were $25,017.6 million, an 11% increase from $22,564.8 million in 2024 [320]. - Operating expenses rose by 10% to $25.0 billion, driven by revenue-related expenses and higher restructuring and acquisition charges [338]. - Restructuring and acquisition charges totaled $75.3 million in 2025, significantly higher than $23.1 million in 2024 [340]. - The provision for income taxes increased to $189.5 million in 2025, with an effective tax rate of 19.3% [345]. Investments and Assets - The company evaluates goodwill for impairment at least annually, with the largest asset on the balance sheet being goodwill [282]. - The company accounts for investments in proptech funds and early to mid-stage companies at fair value, with significant estimates involved in determining fair value [287]. - Assets Under Management (AUM) decreased by 3% to $86.4 billion, with asset dispositions of $8.7 billion exceeding acquisitions of $5.9 billion [368]. Cash Flow and Capital Management - Cash flows from operating activities increased significantly to $1,194.1 million in 2025, up from $785.3 million in 2024 [372]. - Cash used for investing activities rose to $336.6 million, primarily due to a $100 million contribution to JLL Income Property Trust [373]. - Total share repurchases in 2025 amounted to $211.5 million, with 747.5 thousand shares repurchased [382][383]. - Net capital additions were $215.6 million in 2025, primarily for office improvements and software [384]. - Total paid for business acquisitions in 2025 was $27.3 million, down from $69.7 million in 2024 [386]. Borrowing and Interest - The company reported a maximum borrowing capacity of $3.30 billion under its unsecured credit facility as of December 31, 2025, with no outstanding borrowings [307]. - The company has $400 million of senior unsecured notes due December 2028, bearing a fixed annual interest rate of 6.875% [308]. - The company maintains a commercial paper program allowing for the issuance of up to $2.5 billion in short-term notes, with no outstanding borrowings as of December 31, 2025 [309]. - Interest expense decreased to $107.3 million in 2025 from $136.9 million in 2024, due to lower average borrowings and a reduced average interest rate of 4.9% [341]. - If interest rates were to increase by 50 basis points, the company's interest expense for the year ended December 31, 2025, would increase by $3.5 million [310]. Market Influences - The company’s results are significantly influenced by macroeconomic trends, geopolitical environment, and global real estate markets [300]. - The company’s transaction-based revenues are impacted by the size and timing of client transactions, leading to variability in revenue recognition [302]. - The company’s equity earnings/losses may vary substantially due to valuation changes on investments reported at fair value and gains or losses on asset dispositions [303]. - Revenue from the British pound was $1,954.9 million, accounting for 7.5% of total revenue in 2025, while euro revenue was $1,662.5 million, or 6.4% of total revenue [316]. - The company experienced a 10% increase in reported operating income, estimated at $11.8 million, had the British pound-to-U.S. dollar exchange rates been 10% higher throughout 2025 [316].

Key Takeaways JLL posted Q4 EPS of $8.71, beating estimates, as revenues rose 11.7% year over year.Leasing and Capital Market Services revenues jumped 18% and 21%, led by U.S. growth.JLL's AUM dipped to $86.4B, while cash rose to $599.1M and net leverage ratio improved to 0.2.Jones Lang LaSalle Incorporated (JLL) reported fourth-quarter 2025 adjusted earnings per share (EPS) of $8.71, which beat the Zacks Consensus Estimate of $7.25. The reported figure increased from the prior-year quarter’s $6.15.Results ...

In leasing, Ulbrich said demand improved, with office demand reaching its “highest level since 2019” and industrial demand “improving and diversifying across more industries.” Fourth-quarter leasing revenue increased 17%, led by the U.S. with contributions from India and the U.K.Fourth-quarter revenue rose 10%, which Ulbrich attributed to faster transactional revenue growth and continued expansion in resilient business lines. He said investment markets “demonstrated sustained momentum through the end of 202 ...

Core Insights - The company achieved record consolidated revenue and adjusted EBITDA in 2025, reaching the top end of financial targets through disciplined operating rigor and organic growth [1] Financial Performance - Transactional revenue accelerated in Q4, with investment sales and debt/equity advisory growing 26% as investor confidence and debt market liquidity improved [1] - Leasing revenue increased 17% in Q4, significantly outpacing market volumes due to a 'flight to quality' and a recovery in large-scale office deals exceeding 100,000 square feet [1] - Real estate management services (REMS) grew 11% for the full year, providing a resilient foundation despite headwinds from higher U.S. healthcare actuarial costs [1] Operational Efficiency - Management attributes margin expansion to tech-enabled productivity gains, allowing the firm to drive double-digit revenue growth without significant non-client-facing headcount increases [1] Strategic Positioning - The strategic positioning centers on 'proprietary data' as a competitive moat, with management arguing that scale and local expertise mitigate risks of AI-driven disintermediation [1] - The property management subsegment saw tempered growth due to a deliberate strategy to exit low-margin contracts, particularly within the China business [1]

For the quarter ended December 2025, Jones Lang LaSalle (JLL) reported revenue of $7.61 billion, up 11.7% over the same period last year. EPS came in at $8.71, compared to $6.15 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $7.33 billion, representing a surprise of +3.78%. The company delivered an EPS surprise of +20.18%, with the consensus EPS estimate being $7.25.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue increase of 11%, with Adjusted EBITDA growing by 22% to $1.45 billion, reaching the top end of its financial target for the year [4][6][10] - The company reported its seventh consecutive quarter of double-digit revenue gains and ninth consecutive quarter of double-digit EPS growth [4][6] Business Line Data and Key Metrics Changes - Real Estate Management Services revenue increased by 9% in Q4 and 11% for the full year, driven by strong growth in Workplace Management and Project Management [7][10] - Leasing Advisory revenue grew by 17% in Q4, with office leasing up 26% and industrial leasing up 11% [13][14] - Capital Markets segment saw Investment Sales growth accelerate to 27% and Debt Advisory revenue increase by 20% in Q4 [14][15] Market Data and Key Metrics Changes - The investment markets showed sustained momentum, with broad-based growth in investment sales, debt, and equity advisory up 26% during Q4 [6][14] - Office demand reached its highest level since 2019, contributing to significant growth in leasing revenue [7][13] Company Strategy and Development Direction - The company aims to continue its recent track record of revenue growth and margin expansion across resilient business lines, with a focus on enhancing platform efficiency and tech-enabled productivity gains [5][6][9] - The company is confident in its long-term growth trajectory, particularly in the face of market volatility and technological disruption [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing growth in leasing and capital markets, supported by a robust global economy and improved investor sentiment [7][20] - The company anticipates continued growth in 2026, targeting an Adjusted EBITDA range of $1.575 billion to $1.675 billion, reflecting 12% growth at the midpoint [20][21] Other Important Information - The company achieved an all-time high in Free Cash Flow for the full year, with a cash conversion ratio significantly above its long-term average [17][18] - Share repurchases totaled $80 million in Q4, with plans to increase repurchases in 2026 depending on market conditions [19][20] Q&A Session Summary Question: Can you provide more detail on revenue growth expectations for 2026? - Management expects continued growth from the Real Estate Management Services business, particularly in Facilities and Project Management, with strong momentum in Capital Markets and leasing [25][26] Question: How should we think about free cash flow in 2026? - Management indicated that they are comfortable with current debt levels and plan to allocate significant free cash flow to share repurchases in 2026 [28][72] Question: What are the lingering impediments to recapturing transaction volumes? - Management noted that while there is an ongoing upward trend in transactions, it will not be a rapid increase, particularly in Europe where transaction levels remain low [61][62] Question: Can you discuss the impact of AI on office demand? - Management stated that while AI may influence demand, the current trend shows strong office market recovery, particularly in high-quality buildings [51][52] Question: How much of JLL's business is exposed to office space? - Approximately 40% of the consolidated portfolio is exposed to office space, with 60% of the leasing business globally in the office sector [53][54]

Financial Data and Key Metrics Changes - In 2025, the company reported a revenue increase of 11%, with Adjusted EBITDA reaching $1.45 billion, growing 22% and hitting the top end of its financial target for the year [4][5] - The fourth quarter revenue was up 10%, driven by accelerated transactional revenue and growth in resilient business lines [5][6] - The company achieved its midterm margin target in 2025, demonstrating strong margin expansion despite a volatile macro environment [5] Business Line Data and Key Metrics Changes - Real Estate Management Services revenue increased 9% in the fourth quarter and 11% for the full year, with strong growth in workplace and project management [6][10] - Leasing Advisory revenue grew 17% in the fourth quarter, with office leasing up 26% and industrial leasing up 11% [13][15] - Capital Markets segment saw Investment Sales growth accelerate to 27% and Debt Advisory revenue increase by 20% in the fourth quarter [15][16] Market Data and Key Metrics Changes - Office demand reached its highest level since 2019, with significant contributions from the U.S., India, and the U.K. [6][10] - The investment markets showed sustained momentum, with rising investor confidence and robust real estate debt markets expected to lead to further growth in 2026 [5][6] - Global capital flows have become more active again, contributing to transaction volume growth [78] Company Strategy and Development Direction - The company is focused on becoming the most intelligent, efficient, data-led service provider, leveraging AI and technology to enhance client outcomes [22][23] - The strategic evolution aims to drive continued top and bottom line growth, with a strong balance sheet and disciplined capital allocation [22][23] - The company plans to introduce its new strategy and long-term financial targets at an upcoming investor briefing [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory of resilient businesses, despite recent market volatility [8][9] - The outlook for 2026 remains positive, with expectations for continued growth in leasing and capital markets driven by strong pipelines and favorable economic indicators [20][22] - Management noted that AI and technology investments are expected to enhance productivity and drive revenue growth without significantly increasing headcount [54][68] Other Important Information - The company achieved an all-time high in Free Cash Flow for the full year, with a cash conversion ratio above its long-term average [18][19] - Share repurchases totaled $80 million in the quarter, with plans to increase repurchases in 2026 [20][72] - The company is exiting low-margin contracts in its property management segment to improve overall growth rates [76][77] Q&A Session Summary Question: Revenue growth expectations for 2026 in capital markets, leasing, and REMS - Management expects continued growth in REMS, particularly in facilities and project management, with strong momentum in capital markets and leasing [26][27] Question: Free cash flow and capital allocation priorities for 2026 - Management indicated a focus on share repurchases and organic growth, with comfortable debt levels allowing for more capital to benefit shareholders [28][29] Question: AI's impact on competitive positioning - Management believes the company is well-positioned due to its proprietary data and early investments in AI, which enhance client outcomes and revenue [32][34] Question: Factors driving higher average deal sizes in office leasing - Management noted a recovery in large deals and a trend towards higher quality office spaces, with increased average lease durations [35][36] Question: Impact of AI on office demand - Management sees no significant negative impact from AI on office demand, with strong growth in prime office spaces expected [50][52] Question: Performance of the Workplace Management segment - Management acknowledged a deceleration in revenue growth due to healthcare costs but remains confident in long-term growth prospects [90][92] Question: Outlook for industrial leasing in 2026 - Management expects continued acceleration in industrial leasing, with strong pipelines heading into 2026 [94]

分组1 - Jones Lang LaSalle (JLL) reported quarterly earnings of $8.71 per share, exceeding the Zacks Consensus Estimate of $7.25 per share, and showing an increase from $6.15 per share a year ago, resulting in an earnings surprise of +20.18% [1] - The company achieved revenues of $7.61 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.78%, and up from $6.81 billion year-over-year [2] - JLL has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market, losing about 14.8% since the beginning of the year, while the S&P 500 has returned zero [3] - The current consensus EPS estimate for the upcoming quarter is $2.72 on revenues of $6.01 billion, and for the current fiscal year, it is $20.25 on revenues of $27.48 billion [7] - The Real Estate - Operations industry, to which JLL belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8]