Core Insights - Jones Lang LaSalle Incorporated (JLL) reported strong second-quarter results for 2025, with diluted earnings per share of $2.32, reflecting a 32% increase year-over-year, and adjusted diluted earnings per share of $3.30, up 29% [1][5][11] - The company achieved at least six consecutive quarters of growth in both Resilient and Transactional revenues, indicating robust operational performance [1][5] Financial Performance - Total revenue for the second quarter was $6.25 billion, representing an 11% increase compared to the same quarter in 2024, with Resilient revenues up 11% and Transactional revenues up 7% [5][11] - Net income attributable to common shareholders was $112.3 million, a 33% increase from $84.4 million in the prior year [12][40] - Adjusted EBITDA for the quarter was $291.7 million, an 18% increase year-over-year, driven by revenue growth and improved operating efficiency [12][40] Segment Performance - Real Estate Management Services revenue grew by 12% to $4.89 billion, with significant contributions from Workplace Management (up 11%) and Project Management (up 23%) [6][19] - Capital Markets Services revenue increased by 14% to $520.3 million, primarily driven by strong performance in debt advisory and investment sales [26][27] - Leasing Advisory revenue rose by 5% to $676.8 million, with notable growth in industrial and office sectors in the U.S. and Asia Pacific [23][24] Cash Flow and Capital Allocation - Cash flows from operating activities for the second quarter were $332.8 million, a 22% increase from the previous year, while free cash flow was $288.4 million, also up 22% [14][40] - The company doubled its share repurchases in the second quarter, with $952 million remaining authorized for repurchase as of June 30, 2025 [15][16] Debt and Liquidity - As of June 30, 2025, net debt was $1.59 billion, down from $1.75 billion in the previous quarter, reflecting improved free cash flow [17] - The net leverage ratio improved to 1.2x, down from 1.4x in the previous quarter, indicating stronger financial health [17]

Analysts forecast 'Revenue- Capital Markets' to reach $498.67 million. The estimate points to a change of +9% from the year-ago quarter. The average prediction of analysts places 'Revenue- Capital Markets- Loan Servicing' at $43.59 million. The estimate indicates a year-over-year change of +5%. The upcoming report from Jones Lang LaSalle (JLL) is expected to reveal quarterly earnings of $3.20 per share, indicating an increase of 25.5% compared to the year-ago period. Analysts forecast revenues of $6.11 bill ...

CHICAGO, July 31, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today the acquisition of Glendale Distribution Center, a Class A industrial warehouse facility in Glendale, AZ, for the purchase price of approximately $140 million. Glendale Distribution Center totals 1 million square feet and is 100% leased and occupied by a single tenant, a ...

Group 1 - The core viewpoint of the article highlights the challenges and opportunities in the M&A market, particularly focusing on sectors like semiconductors, biomedicine, artificial intelligence, and new energy vehicles, which have seen increased activity in recent years [1][2] - The complexity of valuation in these sectors is emphasized, as many companies possess significant patents and intangible assets but have not yet generated substantial revenue or profits, making traditional valuation methods less applicable [1] - Alternative valuation methods such as equity value to GMV ratio and equity value to R&D expenses ratio are suggested for better assessment in early-stage companies [1] Group 2 - The article discusses the operational difficulties in cross-border M&A, particularly for A+H share listed companies with state-owned backgrounds, which require multiple layers of regulatory approval [2] - It notes the differing regulatory logic among various authorities, with state-owned asset protection being a primary concern, leading to the necessity of using multiple valuation methods for cross-verification [2] - The article also points out the cautious approach of the Hong Kong market towards the income method, which requires additional documentation and can complicate the approval process [2]

Refinancing arranged for Kushner Real Estate Group & National Real Estate Advisors' Journal Squared III in Hudson County MORRISTOWN, N.J., July 30, 2025 /PRNewswire/ -- JLL'sCapital Markets group announced today that it has secured a $255 million refinancing for Journal Squared III, a newly constructed, 58-story luxury multifamily high-rise in the Journal Square neighborhood of Jersey City, New Jersey. JLL worked on behalf of the borrower, a joint-venture between Kushner Real Estate Group ("KRE") and Nation ...

7月30日，《每日经济新闻》记者从仲量联行（NYSE：JLL）方面了解到，该公司已作为独家代理，公 开招标出售8项附带麦当劳长期租约、位于香港黄金地段的零售物业。 仲量联行表示，物业组合分别位于尖沙咀、铜锣湾、旺角、坚尼地城、大角咀、元朗、荃湾、慈云山等 高人流地区，建筑面积为约0.68万~1.9万平方英尺（1平方英尺约为0.0929平方米），面积最大的一处为 尖沙咀星光行地下连地库。 每经记者｜孔泽思 每经编辑｜文多 麦当劳打算出售一批自持的香港商铺。 仲量联行还称，物业组合整体出租率达100%，将以连租约形式出售。各铺位均设有显眼招牌，有广告 效益。其铺面阔落，享有极高的曝光率及稳定客流量。除部分物业由麦当劳独家承租外，也有铺位同时 引入其他零售租户，例如"7-Eleven"便利店和药房等，实现租金收入多元化。 据香港麦当劳官网，香港地区的首家麦当劳餐厅于1975年在铜锣湾开业。截至目前，麦当劳在香港有 250余家餐厅。今年是麦当劳入驻香港50周年，公司特意将金钟海富中心店翻新为50周年旗舰店。 封面图片来源：每经记者 张韵 摄（图文无关） 据悉，这批资产由现业主麦当劳持有数十年，并附带麦当劳长期租约，总 ...

Core Viewpoint - McDonald's is planning to sell eight properties in Hong Kong through a public tender, with a total market value of approximately HKD 1.2 billion, while ensuring that its restaurant operations remain unaffected [1][6][7] Group 1: Property Sale Details - The properties for sale are located in areas such as Tsuen Wan, Kennedy Town, and Mong Kok, with sizes ranging from 6,746 to 18,746 square feet, built between 1969 and 1991 [1] - The first phase of the sale involves eight properties, with plans to sell the remaining 15 properties based on market response [6] - The highest valued property in the initial sale is a street-level shop in Tsim Sha Tsui, valued at approximately HKD 460 million [6] Group 2: Company Strategy and Market Commitment - McDonald's global representatives stated that the company regularly reviews its property holdings to optimize its real estate portfolio [1][7] - The sale is led by McDonald's headquarters in Chicago and does not impact the operations of its restaurants in Hong Kong, which will continue under existing lease agreements [1][7] - McDonald's is celebrating its 50th anniversary in Hong Kong and remains committed to the market's growth and innovation [7]

Group 1 - McDonald's plans to sell eight properties in Hong Kong through a public tender, with a bidding deadline of September 16 [1][3] - The properties for sale are located in Tsuen Wan, Kennedy Town, and Mong Kok, with sizes ranging from 6,746 to 18,746 square feet, built between 1969 and 1991 [1][3] - The total market value of the first batch of eight properties is approximately HKD 1.2 billion, with the highest valued property being a street-level shop in Tsim Sha Tsui worth about HKD 460 million [3] Group 2 - McDonald's global representatives stated that the company regularly reviews its property holdings to optimize its real estate portfolio, and the sale of these properties will not affect restaurant operations [5] - McDonald's is celebrating its 50th anniversary in Hong Kong this year and aims to continue its growth and innovation in this important market [5] - The Hong Kong restaurant operations are managed by a consortium led by CITIC, which holds a 52% stake, while McDonald's corporate holds a 48% stake [5]

CHICAGO, July 23, 2025 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed, daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $6.5 billion in portfolio equity and debt investments, announced today that it has fully subscribed JLLX Diversified 9, DST. The $168 million program was structured as a Delaware Statutory Trust designed to provide 1031 exchange investors the opportunity to reinvest proceeds from the sale of appreciated real estate while also deferring taxes ...

Core Insights - The primary goal of lease restructuring is to reduce costs, with rental prices in Shanghai showing a downward trend due to adjustments in the international economic environment and increased supply [1][3] - Major enterprises with long-term leases are reassessing current rental levels, leading to negotiations for alternative solutions such as extending lease terms in exchange for lower prices [1][4] Retail Property Market - The retail property market in Shanghai is experiencing marginal improvements in leasing demand, driven by "promoting consumption" policies and emerging consumer trends [2] - In Q2 2025, the average rent in core retail areas decreased by 1.1% to 43.1 yuan/sqm/day, while non-core areas saw a 1.8% decline to 15.0 yuan/sqm/day [7] - The overall rental market remains competitive, with landlords offering attractive rental terms and incentives to attract brands [7] Office Market - The office market is primarily driven by cost-sensitive tenants seeking favorable lease terms, with net absorption recorded at approximately 57,300 sqm in Q2 2025 [3][4] - The vacancy rate in the central business district (CBD) rose to 16.9%, while the overall market vacancy rate increased to 24.6% due to significant supply in non-CBD areas [4] - Rental prices for Grade A office buildings continued to decline, with CBD rents down 2.4% to 6.9 yuan/sqm/day and non-CBD rents down 2.7% to 4.5 yuan/sqm/day [4] Industrial Park Demand - Demand in industrial parks remains cautious, with net absorption of 23,600 sqm in Q2 2025, primarily driven by artificial intelligence and integrated circuits [5] - The overall vacancy rate in industrial parks increased to 25.1%, with market rents declining by 5.0% to 3.6 yuan/sqm/day [5] Investment Market - In Q2 2025, the Shanghai commercial real estate market recorded 23 transactions totaling 8.2 billion yuan, with an average transaction size of 360 million yuan [8][9] - Investment demand remains dominant, accounting for 66% of the market, with core area assets contributing significantly to transaction volumes and values [9] - The retail property sector was the most active, representing 35% of transaction counts, particularly in street-level commercial assets [9]