Core Insights - JLL has announced the acquisition of Javelin Capital, enhancing its capabilities in the clean energy sector and positioning itself as a leading global capital advisor in sustainability and infrastructure [1][2][3] Group 1: Acquisition Details - The acquisition of Javelin Capital will significantly strengthen JLL's U.S. Energy & Infrastructure Capital Markets capabilities, complementing its existing expertise in Europe and Asia, where JLL has completed over 150 deals with more than $20 billion in enterprise value [1][3] - The transaction is expected to close soon, pending regulatory approvals and customary closing conditions [1] Group 2: Strategic Positioning - This strategic move allows JLL to better serve large infrastructure investors and provide comprehensive solutions for new market entrants, public and private funding, and energy investments [2][3] - The clean energy sector is experiencing unprecedented growth due to increasing demand, tightening regulations, technological advancements, and the favorable economics of renewable energy [3] Group 3: Javelin Capital's Expertise - Javelin Capital, established in 2017, specializes in M&A, restructuring, capital raising, debt, and corporate finance, with a focus on renewable energy, energy storage, and energy transition [4] - The firm has 16 employees and will join JLL's Capital Markets, Americas business, enhancing JLL's offerings in the clean energy and infrastructure sector [4][5] Group 4: Company Background - JLL is a leading global commercial real estate and investment management company with over 200 years of experience, annual revenue of $23.4 billion, and operations in over 80 countries [5] - The company aims to shape the future of real estate for a better world, leveraging its global platform and local expertise [5]

CHICAGO, March ­­17, 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 Richmond Distribution Center, a Class A industrial building located in Richmond, VA for a purchase price of approximately $40.7 million.Richmond Distribution Center totals approximately 280,000 square feet and is 100% occupied by two high quality inte ...

Core Viewpoint - JLL Income Property Trust has declared a dividend of $0.1575 per share for Q1 2025, marking the 53rd consecutive dividend payment to stockholders, reflecting the company's commitment to providing consistent income [1][3]. Dividend Details - The dividend is payable on or around March 28, 2025, to stockholders of record as of March 25, 2025, with an annualized gross dividend of $0.63 per share, representing a yield of approximately 5.5% based on a NAV per share of $11.47 as of December 31, 2024 [2]. - The fourth quarter 2024 dividend of $0.1575 per share was paid on December 27, 2024, to stockholders of record as of December 23, 2024 [3]. Historical Performance - Over its 13-year history, JLL Income Property Trust has increased its dividend nine times, averaging an annual increase of 4.1%, which provides important inflation-hedging income to stockholders [3]. Share Class Specifics - The net dividend per share varies by share class due to applicable fees, with the following net dividends reported for Q4 2024: - M-I Share: $0.1575 - A-I Share: $0.15061 - M Share: $0.14923 - A Share: $0.13571 [4]. - The NAV per share as of December 31, 2024, was reported as follows: - M-I Share: $11.47 - A-I Share: $11.49 - M Share: $11.48 - A Share: $11.46 [4]. Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with approximately $6.6 billion in portfolio equity and debt investments, focusing on a diversified portfolio of high-quality, income-producing commercial real estate across the United States [1][7]. - The company is sponsored by LaSalle Investment Management, a leading global real estate investment manager managing $88.2 billion in assets as of Q3 2024 [8].

Core Insights - JLL Income Property Trust will hold a public earnings call on March 19, 2025, to discuss its fourth quarter operating and financial results [1] - The company manages approximately $6.6 billion in portfolio equity and debt investments [1] - The earnings call will feature insights from CEO Allan Swaringen and CFO Gregg Falk regarding recent economic events affecting the investment real estate markets [1] Company Overview - JLL Income Property Trust is a daily NAV REIT that provides access to a diversified portfolio of high-quality, income-producing real estate investments across various sectors including residential, industrial, retail, healthcare, and office [4] - The company aims to further diversify its real estate portfolio, potentially on a global scale [4] - LaSalle Investment Management, a leading real estate investment manager, sponsors JLL Income Property Trust and manages $88.2 billion in assets globally as of Q3 2024 [5]

Core Insights - JLL has been recognized as one of the 2025 World's Most Ethical Companies® by Ethisphere, marking its commitment to business integrity and ethical practices since 2008 [1][2][4] - In 2025, a total of 136 companies were honored across 19 countries and 44 industries, with JLL being one of only three companies in the real estate sector to receive this recognition [2][4] - The assessment for the World's Most Ethical Companies® is based on Ethisphere's Ethics Quotient®, which evaluates over 240 proof points related to ethics, compliance, and governance [3] Company Overview - JLL is a leading global commercial real estate and investment management firm with over 200 years of experience, generating annual revenue of $23.4 billion and operating in over 80 countries [6] - The company employs more than 112,000 individuals and focuses on helping clients with various real estate needs, including buying, building, occupying, managing, and investing in properties [6] - JLL emphasizes its commitment to shaping the future of real estate through innovative technology, sustainability efforts, and ethical business practices [5]

Core Insights - JLL Income Property Trust has sold an 80,000 square foot light industrial/flex property in San Marcos, CA, as part of its strategy to reinvest capital into more promising property sectors and markets [1][2] - The sale aligns with the fund's long-term strategy of harvesting gains and targeting properties with better long-term growth potential [2][3] - The property was acquired in 2021 and has generated an attractive internal rate of return during its three-year hold period [3] - JLL Income Property Trust has a significant allocation to industrial investments, with $2.0 billion in the industrial sector, representing 32% of its $6.6 billion diversified portfolio [4] Company Overview - JLL Income Property Trust is an institutionally managed daily NAV REIT with a diversified portfolio of high-quality, income-producing properties across various sectors in the United States [5][6] - The company has a history of selling properties at values totaling over $1.3 billion, maintaining a valuation practice that is unique within the NAV REIT industry [3]

Coghlan will advance strategic investor relations initiatives and engagementsCHICAGO, Feb. 26, 2025 /PRNewswire/ -- JLL announced today 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 i ...

Foundation names JLL Chief Sustainability Officer (CSO), Erin Meezan, Executive DirectorCHICAGO, Feb. 25, 2025 /PRNewswire/ -- JLL Foundation, a non-profit founded and backed by JLL (NYSE: JLL), published its third Annual Report, detailing its continued commitment to providing catalytic capital to pre-seed and seed-stage, climate-impacting companies. In 2024, the Foundation awarded a total of $4.75 million in new, zero-interest loans to 18 companies, helping them contribute to a more sustainable future and ...

Core Insights - Jones Lang LaSalle Incorporated (JLL) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $6.15, exceeding the Zacks Consensus Estimate of $5.80 and up from $5.36 in the prior-year quarter [1][2] - The company achieved revenues of $6.81 billion, surpassing the Zacks Consensus Estimate of $6.48 billion, reflecting a 15.8% increase year-over-year [2] Financial Performance - For the full year 2024, JLL's adjusted EPS was $14.01, higher than the previous year's $10.39 and above the Zacks Consensus Estimate of $13.64 [3] - Total revenues for 2024 reached $23.43 billion, a 12.9% increase from the prior year, also exceeding the Zacks Consensus Estimate of $23.11 billion [3] Segment Performance - The Markets Advisory segment generated revenues of $1.33 billion, a 10.9% year-over-year increase, driven by leasing activities, particularly in the office sector across the U.S., India, and Greater China [4] - Property Management revenues grew due to expansion in the U.S. and Asia Pacific, attributed to higher pass-through costs, while management fees remained flat [5] - Capital Markets segment revenues were $706.4 million, up 31.5% year-over-year, led by Investment Sales and Debt/Equity Advisory, particularly in the U.S. and Asia Pacific [6] - Work Dynamics segment reported revenues of $4.56 billion, a 14.9% increase year-over-year, driven by strong performance in Workplace Management and Project Management [7] - LaSalle segment revenues increased by 39.3% year-over-year to $160.6 million, primarily due to higher incentive fees in Asia Pacific, despite a decline in advisory fees in Europe [8] - JLL Technologies segment revenues declined by 9.5% year-over-year to $59.3 million, attributed to lower contract signings in technology solutions [9] Balance Sheet - As of December 31, 2024, JLL had cash and cash equivalents of $416.3 million, down from $437.8 million at the end of the third quarter [11] - The net leverage ratio improved to 0.7 from 1.7 as of September 30, 2024, while corporate liquidity increased to $3.62 billion from $3.39 billion [11]

Financial Performance - Total revenue for the year ended December 31, 2024, was $23,432.9 million, representing a 13% increase from $20,760.8 million in 2023[352]. - Operating income increased by 51% to $868.1 million in 2024, compared to $576.5 million in 2023[352]. - Net income attributable to common shareholders was $546.8 million, or $11.30 per diluted share, compared to $225.4 million, or $4.67 per diluted share in 2023[381]. - Adjusted EBITDA for 2024 was $1,186.3 million, a 26% increase from $938.4 million in 2023[366]. - The company’s comprehensive income attributable to common shareholders was $491.4 million in 2024, up from $282.1 million in 2023, reflecting a growth of 74.3%[459]. - Basic earnings per common share improved to $11.51 in 2024, up from $4.73 in 2023, indicating a growth of 143.5%[459]. - Cash flows from operating activities improved to $785.3 million in 2024, up from $575.8 million in 2023[407]. Revenue Breakdown - Revenue from the United States dollar accounted for 61.5% of total revenue in 2024, up from 59.0% in 2023[347]. - The company reported a 15% increase in Work Dynamics revenue, reaching $16,197.6 million in 2024, compared to $14,131.1 million in 2023[352]. - Workplace Management revenue grew by 17% to $12,529.7 million, contributing to the overall revenue increase in the Work Dynamics segment[392]. - Capital Markets revenue increased by 15% to $2,040.4 million, driven by strong investor sentiment and activity in Investment Sales[389]. - Transactional revenue grew by 11%, with Leasing and Investment Sales showing strong performance, up 11% and 20% respectively[371][389]. Expenses and Liabilities - Total operating expenses increased by 12% to $22,564.8 million in 2024, up from $20,184.3 million in 2023[352]. - The provision for income taxes was $132.5 million, resulting in an effective tax rate of 19.5% for 2024[380]. - Total liabilities rose to $9,868.7 million in 2024, up from $9,654.9 million in 2023[457]. - Total operating expenses for 2024 were $22,564.8 million, an increase of 11.8% from $20,184.3 million in 2023[459]. Investments and Assets - The company invested in proptech funds and early to mid-stage companies to enhance its strategic position in the real estate technology landscape[316]. - Total assets increased to $16,763.8 million as of December 31, 2024, compared to $16,064.8 million in 2023[457]. - JLL Technologies had a carrying value of $812.7 million in investments as of December 31, 2024, primarily in early to mid-stage proptech companies[417]. - The company utilized $316.8 million for investing activities in 2024, an increase from $290.4 million in 2023, due to higher business acquisition volumes[408]. Tax and Goodwill - The company’s global effective tax rate is sensitive to changes in geographic profitability and is evaluated quarterly[322]. - The company evaluates goodwill for impairment at least annually, with the largest asset on the balance sheet being goodwill[310]. Market and Economic Influences - The company’s results are significantly influenced by macroeconomic trends, geopolitical environment, and global real estate markets[330]. - If interest rates were to increase by 50 basis points during 2024, the company's interest expense would rise by $6.9 million[341]. Operational Insights - The company employs over 112,000 employees, with approximately 53,900 being reimbursed by clients[468]. - The company has operations in over 90 countries, contributing to its global tax structure complexity[444]. - The company maintained effective internal control over financial reporting as of December 31, 2024[449]. Revenue Recognition - The company’s revenue recognition involves complex judgments regarding performance obligations and timing, impacting transaction commissions and advisory fees[309]. - Revenue recognition for LaSalle's transaction fees and incentive fees is generally constrained until all contingencies have cleared[498]. - JLL's performance obligation in Capital Markets is generally satisfied at the point in time upon which the performance obligation is met, leading to immediate revenue recognition[484]. Equity and Shareholder Information - Equity losses from JLL Technologies and LaSalle decreased by 64% to $76.4 million in 2024, down from $201.7 million in 2023[366]. - Company shareholders' equity increased to $6,771.5 million in 2024, compared to $6,293.8 million in 2023[457].