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$286M sale of Parkside Apartments sets benchmark for luxury living in Redmond
Prnewswire· 2024-11-08 21:06
JLL's Capital Markets group facilitates landmark transaction in tech-centric hub near Seattle MSASEATTLE, Nov. 8, 2024 /PRNewswire/ -- JLL's Capital Markets group announced today the successful $286 million sale of Parkside Apartments, a 664-unit luxury community in Redmond, Washington.JLL worked on behalf of the seller, a partnership between a Texas-based group of investors previously associated with Lincoln Property Company Residential and Daiwa House Texas, and procured the buyer, Lakevision Capital. ...
Jones Lang's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ZACKS· 2024-11-07 17:31
Jones Lang LaSalle Incorporated (JLL) reported third-quarter 2024 adjusted earnings per share (EPS) of $3.50, which beat the Zacks Consensus Estimate of $2.67. The reported figure also increased from the prior-year quarter’s $2.19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect better-than-anticipated revenues. The company benefited from accelerated growth in transactional revenues and continued strength in its resilient lines of business. JLL also gained from its co ...
Jones Lang LaSalle Incorporated (JLL) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-11-07 15:20
Have you been paying attention to shares of Jones Lang LaSalle (JLL) ? Shares have been on the move with the stock up 0.4% over the past month. The stock hit a new 52-week high of $288.5 in the previous session. Jones Lang LaSalle has gained 38.8% since the start of the year compared to the 24.1% move for the Zacks Finance sector and the 18.3% return for the Zacks Real Estate - Operations industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn ...
JLL Income Property Trust Sponsor JLL Commits $100 Million Equity Investment
Prnewswire· 2024-11-07 15:00
 Equity Capital to Accelerate Growth at Opportune Start of Real Estate Recovery CycleCHICAGO, Nov. 7, 2024 /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 that its Sponsor, Jones Lang LaSalle Incorporated (JLL), a leading global commercial real estate and investment management company, committed to make an additional co-investment of equity i ...
Compared to Estimates, Jones Lang LaSalle (JLL) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-06 15:35
Jones Lang LaSalle (JLL) reported $5.87 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.8%. EPS of $3.50 for the same period compares to $2.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.59 billion, representing a surprise of +4.94%. The company delivered an EPS surprise of +31.09%, with the consensus EPS estimate being $2.67.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...
Jones Lang LaSalle (JLL) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-06 14:46
Jones Lang LaSalle (JLL) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $2.67 per share. This compares to earnings of $2.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.09%. A quarter ago, it was expected that this financial and professional services company would post earnings of $2.30 per share when it actually produced earnings of $2.55, delivering a surprise of 10.87%.Ove ...
Jones Lang LaSalle(JLL) - 2024 Q3 - Quarterly Results
2024-11-06 12:31
Exhibit 99.1 News Release JLL Reports Financial Results for Third-Quarter 2024 Double-digit revenue growth, coupled with ongoing cost discipline, drove strong bottom-line performance 6 6 1 CHICAGO, November 6, 2024 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2024. Transactional revenue growth accelerated to double digits and complemented continued momentum in Resilient business line revenues. Diluted earnings per share were $3.20, up from $1.23 ...
JLL Reports Financial Results for Third-Quarter 2024
Prnewswire· 2024-11-06 12:30
Double-digit revenue growth, coupled with ongoing cost discipline, drove strong bottom-line performanceCHICAGO, Nov. 6, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2024. Transactional6 revenue growth accelerated to double digits and complemented continued momentum in Resilient6 business line revenues. Diluted earnings per share were $3.20, up from $1.23 last year; adjusted diluted earnings per share1 were $3.50, up from $2.19 ...
JLL Income Property Trust Sells San Francisco Bay Area Industrial Portfolio
Prnewswire· 2024-10-29 15:00
Timely Opportunity to Redeploy Capital at Start of New Market Cycle CHICAGO, Oct. 29, 2024 /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 the sale of Pinole Point, a three property industrial park in Richmond, California, in keeping with its long-term strategy of recycling capital at opportunistic points across real estate market cycles. Pinole Po ...
JLL Falcon kicks off new era of AI-powered CRE innovation
Prnewswire· 2024-10-29 12:30
Proprietary purpose-built AI platform for CRE will leverage the best of human and machine learning, generating insights for employees and clients New platform will enable significant enhancements for JLL GPT™ CHICAGO, Oct. 29, 2024 /PRNewswire/ -- JLL (NYSE: JLL) today 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 servi ...