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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 ...
Jones Lang LaSalle (JLL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-30 15:07
Core Viewpoint - The market anticipates that Jones Lang LaSalle (JLL) will report a year-over-year increase in earnings driven by higher revenues for the quarter ended September 2024, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - JLL is expected to post quarterly earnings of $2.67 per share, reflecting a year-over-year increase of +32.8%, with revenues projected at $5.59 billion, up 9.4% from the previous year [3]. - The consensus EPS estimate has been revised 0.5% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +13.86% for JLL, suggesting analysts are optimistic about the company's earnings prospects [10]. - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 2 (Buy) [8][10]. Historical Performance - In the last reported quarter, JLL exceeded the expected earnings of $2.30 per share by delivering $2.55, resulting in a surprise of +10.87% [11]. - Over the past four quarters, JLL has beaten consensus EPS estimates three times [12]. Conclusion - JLL is positioned as a compelling candidate for an earnings beat, but investors should consider other influencing factors before making investment decisions [15].
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 ...
Despite Fast-paced Momentum, Jones Lang LaSalle (JLL) Is Still a Bargain Stock
ZACKS· 2024-10-25 13:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, inves ...
JLL Income Property Trust Sells Suburban Seattle Apartment Community
Prnewswire· 2024-10-22 17:38
Timely Disposition to Reinvest at Attractive New Market Cycle ReturnsCHICAGO, Oct. 22, 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 Stonemeadow Farms, a 280-unit, garden-style apartment community in Bothell, Washington – a desirable Seattle suburb less than 20 miles from Redmond, Bellevue and downtown Seattle. This disposition a ...