Jones Lang LaSalle (JLL) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.87%. A quarter ago, it was expected that this financial and professional services company would post earnings of $0.85 per share when it actually produced earnings of $1.78, delivering a surprise of 109.41%. ...

Diluted earnings per share were $1.75, up from $0.05 last year; adjusted diluted earnings per share1 were $2.55, up from $2.12 CHICAGO, Aug. 6, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2024. Continued momentum in Resilient6 business line revenue was complemented by solid growth in Transactional6 revenues. These revenue factors, along with the benefit of recent and ongoing cost management efforts, helped deliver strong pro ...

The increased investor optimism in the stock can be attributed to the favorable environment for the real estate operation industry. For Jones Lang LaSalle, the consensus EPS estimate for the quarter has been revised 2.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on JLL going forward to see if this recent jump can turn into more strength down the road. For Zillow, the co ...

This financial and professional services company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 61.87%. If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Jones Lang LaSalle (JLL) . This company, which is in the Zacks Real Estate - Operations industry, shows potential ...

Jones Lang LaSalle Incorporated (JLL) , popularly known as JLL, is likely to benefit from the continued strength of its resilient lines of business and favorable outsourcing trends. However, persistent macroeconomic uncertainty and a high interest rate environment have kept JLL's transaction-based businesses in distress. Its superior client services and strategic investment in technology and innovation are expected to help grow market share and win relationships. Strategic investments in the technology fron ...

CHICAGO, July 10, 2024 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss second quarter 2024 results on Tuesday, August 6, 2024, at 9 a.m. Eastern time. 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 repl ...

Core Insights - JLL's Capital Markets group facilitated a $430 million refinancing for Fairmont Austin, a luxury hotel in downtown Austin, highlighting the strong demand for financing in the current market [1][8]. Company Overview - Fairmont Austin is a 37-story luxury hotel developed by Manchester Financial Group, featuring 1,048 guestrooms and suites, and nearly 140,000 square feet of meeting space [9]. - Manchester Financial Group, founded in 1970, specializes in hotel and commercial real estate development, with over $5 billion in assets developed globally [6]. Financing Details - The refinancing package included a five-year, interest-only fixed-rate SASB CMBS loan, replacing a $300 million senior loan and $125 million of mezzanine debt [8]. - Goldman Sachs acted as the lead manager and sole bookrunner for the refinancing [8]. Market Position - Fairmont Austin is strategically positioned to benefit from ongoing construction projects in the area, capitalizing on Austin's rapid growth [3]. - The hotel is located within walking distance of key lifestyle and entertainment areas, enhancing its appeal as a top destination [9]. JLL Capital Markets - JLL Capital Markets is a global provider of capital solutions for real estate investors, with over 3,000 specialists worldwide [4]. - The team that led the refinancing included Senior Managing Directors Tim Wright and Aldon Cole, and Director Olga Walsh [10]. Market Response - Despite a challenging debt environment, the capital markets responded positively, leading to a competitive marketing process and favorable terms for the client [11].

The Notes will be sold in the U.S. commercial paper market under customary market terms. The Notes will be issued by Jones Lang LaSalle Finance B.V., a wholly-owned subsidiary of JLL, and are fully and unconditionally guaranteed by the Company. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking statements by the use of ...

Interest Rate Forecasts (JLL Global Market Report) Data centers have become an important sector for JLL, with the development of this sector coming at an important time in the wake of the decline in office development globally. Data center development has been gaining momentum in recent years, particularly in the USA, where Q1 2024 inventory increased 24% YoY. Additionally, Europe has become an increasingly important market, with growth of 20% YoY. In the data center space, JLL supports their clients in sit ...

The industry's positioning in the top 50% of the Zacks-ranked industries is a result of the upward earnings per share outlook for the constituent companies in aggregate. Looking at the aggregate earnings per share estimate revisions, it appears that, of late, analysts are gaining confidence in this group's growth potential. Over the past year, the industry's earnings per share estimates for 2024 and 2025 have moved 7.9% and 4.9% north, respectively. Jones Lang LaSalle Incorporated: Headquartered in Chicago, ...