Jones Lang LaSalle(JLL)
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Jones Lang LaSalle(JLL) - 2022 Q4 - Annual Report
2023-02-28 19:25
United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Act of 1934 For the fiscal year ended December 31, 2022 Commission File Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) | Maryland | | 36-4150422 | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | 200 East Randolph Drive IL | Chica ...
Jones Lang LaSalle(JLL) - 2022 Q4 - Earnings Call Transcript
2023-02-28 17:32
Jones Lang LaSalle Incorporated (NYSE:JLL) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Scott Einberger - Investor Relations Christian Ulbrich - Chief Executive Officer and President Karen Brennan - Chief Financial Officer Conference Call Participants Michael Griffin - Citigroup Anthony Paolone - JPMorgan Chandni Luthra - Goldman Sachs Jade Rahmani - KBW Patrick McIlwee - William Blair Operator Good morning, ladies and gentlemen. Welcome to the Q4 2022 Jones Lang LaSa ...
Jones Lang LaSalle (JLL) Investor Presentation _ Slideshow
2022-12-16 04:52
Investor Briefing November 16, 2022 ((())JLL SEE A BRIGHTER WAY Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to the future financial or business performance, strategies, or expectations of Jones Lang LaSalle Incorporated ("JLL"). Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect ...
Jones Lang LaSalle(JLL) - 2022 Q3 - Quarterly Report
2022-11-02 18:01
For the quarterly period ended September 30, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (State or ot ...
Jones Lang LaSalle(JLL) - 2022 Q3 - Earnings Call Transcript
2022-11-02 17:33
Jones Lang LaSalle Incorporated (NYSE:JLL) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Scott Einberger - Investor Relations Christian Ulbrich - Chief Executive Officer and President Karen Brennan - Chief Financial Officer Conference Call Participants Chandni Luthra - Goldman Sachs Anthony Paolone - J.P. Morgan Jade Rahmani - Keefe, Bruyette and Woods Patrick O'Shaughnessy - Raymond James Operator Ladies and gentlemen. Hello and welcome to the Q3 2022 JLL Earnings Confer ...
Jones Lang LaSalle(JLL) - 2022 Q3 - Earnings Call Presentation
2022-11-02 12:53
Earnings Presentation Third Quarter 2022 November 2, 2022 Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside J ...
Jones Lang LaSalle(JLL) - 2022 Q2 - Earnings Call Transcript
2022-08-03 18:44
Financial Data and Key Metrics Changes - Second quarter revenue rose 21% to $5.3 billion and fee revenue increased 23% to $2.1 billion in local currency, nearly all of which was organic [16] - Adjusted EBITDA for the quarter was $359 million, an increase of 10% from the prior year, with an adjusted EBITDA margin of 16.5% in local currency [17] - Adjusted net income totaled $222 million for the quarter, with adjusted diluted earnings per share at $4.48, a 9% increase from the prior year [17] Business Line Data and Key Metrics Changes - Market advisory fee revenue grew 26%, with strong performance in the office and industrial sectors [26] - Capital markets fee revenue grew 28%, driven by debt advisory and investment sales, with notable growth in retail, land, and residential sectors [31] - Work Dynamics fee revenue grew 19%, with project management fee revenue growth accelerating to 22% [36] - JLL Technologies fee revenue grew 48%, with 22% organic growth driven by large enterprise clients [38] Market Data and Key Metrics Changes - Global investment in capital markets totaled $281 million, up 2% for the quarter and 19% year-to-date [8] - The Americas outperformed with volumes up 23% for the quarter, while Europe and Asia Pacific showed mixed performance due to geopolitical challenges and COVID lockdowns [9] - Global leasing volumes across all asset types were up 20% year-over-year in the second quarter [13] Company Strategy and Development Direction - The company continues to focus on its "One JLL" philosophy to drive growth across business lines and enhance client service [7] - Capital allocation strategy remains unchanged, prioritizing reinvestment in the business and returning capital to shareholders [18] - The company expects to operate within a 16% to 19% adjusted EBITDA margin target range for the full year [24] Management's Comments on Operating Environment and Future Outlook - The management noted that rising interest rates and inflationary pressures have made investors more cautious, potentially delaying deal closures [48] - Despite the challenges, there is sufficient liquidity in the market and a significant amount of capital yet to be deployed in commercial real estate [49] - The company is confident in its ability to capitalize on growth opportunities, particularly with a record number of lease expirations expected in the coming years [50] Other Important Information - The company repurchased nearly $300 million of shares during the quarter, bringing the trailing 12-month repurchases to approximately $750 million [43] - Liquidity stood at $1.9 billion, with reported net leverage at 1.0x, providing a strong foundation for strategic priorities [42] Q&A Session Summary Question: Pipeline and Timing of Deals - The management confirmed that while the pipelines for leasing and capital markets are good, some deals may be pushed into 2023 due to market turbulence [53] Question: JLL Technologies and Equity Earnings - The management provided insights on valuation increases and decreases within the JLL Technologies portfolio, indicating a cautious outlook for equity earnings [55][56] Question: Hiring and Compensation Decisions - The management discussed the decision to hire in a slowing environment, emphasizing a balanced approach to hiring based on macroeconomic conditions [61][62] Question: Capital Markets Pipeline and Revenue Predictions - The management indicated that while the capital markets pipeline is 30% larger than a year ago, it does not guarantee significant revenue increases in the next quarter due to current uncertainties [70][88] Question: Market Trends in Office Space - The management noted a flight to quality in office space, with Class A buildings holding firm while Class B and C spaces face increasing vacancy rates [107][108]
Jones Lang LaSalle(JLL) - 2022 Q2 - Quarterly Report
2022-08-03 17:57
United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 1-13145 Jones Lang LaSalle Incorporated (Exact name of registrant as specified in its charter) Maryland 36-4150422 (State or other j ...
Jones Lang LaSalle(JLL) - 2022 Q2 - Earnings Call Presentation
2022-08-03 15:47
| --- | --- | --- | --- | --- | |-------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Earnings Presentation Second Quarter 2022 | | | | | | August 3, 2022 | | | | | | | | | | | | | | | | | Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking st ...
Jones Lang LaSalle(JLL) - 2022 Q1 - Earnings Call Transcript
2022-05-09 18:02
Jones Lang LaSalle Incorporated (NYSE:JLL) Q1 2022 Earnings Conference Call May 9, 2022 9:00 AM ET Company Participants Scott Einberger - Investor Relations Officer Christian Ulbrich - Chief Executive Officer and President Karen Brennan - Chief Financial Officer Conference Call Participants Stephen Sheldon - William Blair Alex Kramm - UBS Investment Research Chandni Luthra - Goldman Sachs Jade Rahmani - KBW Patrick O'Shaughnessy - Raymond James Operator Good morning. At this time, I would like to welcome e ...