Exhibit 99.1 JLL Reports Financial Results for Third-Quarter 2025 JLL achieved sixth consecutive quarter of double-digit revenue growth and delivered a 45% increase in diluted earnings per share CHICAGO, November 5, 2025 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2025 with diluted earnings per share of $4.61 (up 45%) and adjusted diluted earnings per share of $4.50 (up 29%). Transactional revenues returned to double-digit growth this quarter a ...

Core Insights - Jones Lang LaSalle Incorporated (JLL) reported a sixth consecutive quarter of double-digit revenue growth, with diluted earnings per share increasing by 45% to $4.61 [1] - The company achieved a 10% increase in total revenue for the third quarter of 2025, amounting to $6.51 billion, with Transactional revenues up 13% and Resilient revenues up 9% [5][6] - JLL's diversified platform and strong performance in various segments, particularly Capital Markets Services and Real Estate Management Services, contributed to the overall financial success [4][20] Financial Results - Total revenue for Q3 2025 was $6,510.4 million, an 11% increase compared to Q3 2024 [6] - Net income attributable to common shareholders rose by 44% to $222.8 million for the quarter, with a year-to-date increase of 28% to $390.4 million [8] - Adjusted diluted earnings per share increased by 28% to $4.50, while Adjusted EBITDA grew by 17% to $347.3 million [8][19] Revenue Breakdown - Real Estate Management Services revenue increased by 10% to $4,982.4 million, driven by Project Management and Workplace Management [16] - Capital Markets Services revenue surged by 23% to $612.1 million, with significant growth in debt advisory, investment sales, and equity advisory [20] - Leasing Advisory revenue grew by 7% to $741.9 million, with notable contributions from the office sector in the U.S. [18] Cash Flow and Capital Allocation - Cash flows from operating activities reached $617.1 million, a 136% increase compared to the previous year, marking the highest level since 2021 [10] - Free cash flow for the quarter was $567.6 million, reflecting a 162% increase year-over-year [10] - Share repurchases totaled $70 million in Q3 2025, bringing the year-to-date total to $131.2 million, up 118% from the prior year [5] Segment Performance - The Real Estate Management Services segment saw a 10% revenue increase, with Project Management up 25% and Workplace Management up 8% [16] - Capital Markets Services experienced a 22% growth in investment sales, significantly outpacing the broader market [20] - The Leasing Advisory segment reported an 8% increase in revenue, driven by strong performance in the U.S. office market [18]

Core Insights - JLL reported a revenue of $6.5 billion in Q3 2025, reflecting a 10% year-over-year growth, driven by strong performance in project management, workplace management, and leasing [1] - The company experienced a 30% year-over-year increase in workplace revenue and an 11% increase in office leasing demand in North America [1] AI Implementation - JLL is focusing on integrating AI into its operations and client solutions, with over 41% of its addressable population using proprietary AI tools daily, an increase from 35% weekly earlier this year [2] - The CEO emphasized the rapid scaling of AI adoption and usage within the organization [2] Technology Business Growth - The technology segment, which includes software solutions, saw a 3% year-over-year revenue growth, reaching $172 million [3] - JLL plans to integrate its software and technology solutions business into its real estate management services segment starting January 1 [4] Efficiency Gains - The company is optimizing processes by moving them to shared service centers and utilizing AI tools to enhance efficiency across support services and business lines [5] - Resilient revenues from various services, including workplace management and project management, grew 9% year over year, while transactional revenues increased by 13% [5]

Core Insights - The 8th China International Import Expo (CIIE) serves as a platform for global enterprises to showcase products and connect with the Chinese market, highlighting China's role as a key growth engine for businesses worldwide [3][11] - The event emphasizes the deepening trend of openness and collaboration, which is crucial for driving investment and industrial upgrades in China [4][11] Group 1: Commercial Real Estate and Industry Synergy - CIIE is recognized as a "connector" for deep integration between commercial real estate and industrial demands, facilitating a positive cycle where industrial needs drive space upgrades and vice versa [3][4] - The event showcases various sectors, including consumer goods, technology, and healthcare, which are all contributing to the evolving landscape of commercial real estate [3][9] Group 2: Consumer Goods Sector - The consumer goods sector at CIIE focuses on high-quality living and sports consumption trends, with significant growth in retail space demand for sports apparel, projected to rise from 14.2% in 2023 to 28.4% by Q3 2025 [5] - The flagship store economy is expected to thrive, with major brands like Louis Vuitton and Adidas opening flagship stores in Shanghai, indicating a strong market response [5] Group 3: Technology and Equipment Sector - The technology and equipment sector highlights new productivity areas such as digital industry and AI, which are expected to reshape the demand for commercial real estate, particularly in office spaces [7][8] - The investment in data centers is projected to reach 87.9 billion yuan in 2023, with a growth rate exceeding 90%, indicating a robust market potential for this segment [8] Group 4: Healthcare and Life Sciences - The healthcare sector at CIIE emphasizes the integration of life sciences and health services, driving demand for specialized real estate solutions [9][10] - The aging population in Shanghai, projected to reach 37.6% by the end of 2024, is expected to significantly increase the demand for senior living real estate, supported by innovations showcased at CIIE [10] Group 5: Urban Development and Investment - CIIE acts as an accelerator for urban development in Shanghai, enhancing the city's capability to attract global investment and stimulate consumer spending [11][12] - The event aligns with Shanghai's strategic initiatives to elevate its industrial landscape and create a new ecosystem for investment and consumption [12]

Core Insights - Jones Lang LaSalle Incorporated (JLL) is a leading professional services firm in real estate and investment management, offering a variety of services including property management, leasing, and project management [1] - JLL's stock has shown resilience with a 3.22% gain over the past 30 days, indicating positive market sentiment and investor confidence [2][6] - Despite a recent decline of 3.15% in the last 10 days, the overall outlook for JLL remains optimistic, suggesting potential for a rebound [3] - Analysts have set a target price of $360 for JLL, indicating a significant stock price growth potential of 19.83%, suggesting the stock is currently undervalued [4][6] - JLL's strong financial health is highlighted by a Piotroski Score of 8, reflecting its profitability, leverage, liquidity, and operating efficiency, making it an attractive investment option [5][6]

Core Insights - JLL's Capital Markets group has secured $565.35 million in construction financing for The Residences at 1428 Brickell, a luxury condominium tower in Miami's Financial District [1][2] Project Overview - The Residences at 1428 Brickell will consist of 195 exclusive homes with floor plans ranging from two to four bedrooms plus den, offering between 1,800 to 8,900 square feet of living space [3] - The tower will be the first high-rise residential building globally to be partially powered by solar energy, featuring over 500 photovoltaic-integrated glass panels [3] - The development will include 80,000 square feet of amenities exclusively for residents, such as resort-level pools, wellness facilities, and a rooftop observatory [4] Market Demand and Sales Performance - As of October 2025, 57% of the units in The Residences at 1428 Brickell have been presold, indicating strong market demand for ultra-luxury properties in the Brickell area [4] Development Timeline and Team - The project broke ground in November 2024 and completed the largest mat foundation pour in Brickell by September 2025, with an expected delivery in Q4 2028 [5] Company Background - Y-Tech is a technology-driven real estate investment and development company focused on acquiring and developing commercial properties across major U.S. markets [8] - JLL is a leading global commercial real estate and investment management company with over 200 years of experience and operations in more than 80 countries [9]

东方网记者柏可林11月3日报道：第八届中国国际进口博览会即将在上海开幕。本届进博会展览面积超 43 万平方米，4108 家境外企业携 461 项新产品、 新技术、新服务集中亮相，为全球企业链接中国超大规模市场、释放消费潜力搭建核心平台。在此背景下，仲量联行结合展会核心亮点与产业实践，发布 《第八届进博会特别观察》，深度解读开放深化趋势下城市能级提升、产业协同发展与商业地产转型的机遇。 进博会成为产业与商业地产深度耦合的"连接器" 仲量联行认为，进博会已成为探索商业地产与产业需求深度耦合的生动实践载体。无论是消费品展区旗舰经济释放的零售空间需求、装备展区新质生产力 落地催生的专业化载体需求，还是医疗展区生命科学及健康医疗板块所体现的地产发展态势，均在加速商业空间与产业升级的精准适配，形成"产业需求 牵引空间升级、空间优化反哺产业发展" 的良性循环。 仲量联行中国区研究部总监姚耀指出，本届进博会传递的"开放深化"信号，推动投资中国的产业新方向与产业需求驱动空间升级的趋势契合，而贴合需求 的商业地产，正是全球企业扎根中国、链接市场的核心落地桥梁。它已跳出后端配套的传统定位，成为企业布局中国时的前端关键考量 —— 既 ...

Core Insights - The Third Avenue Real Estate Value Fund achieved a return of +13.54% for the first nine months of 2025, outperforming its benchmark, the FTSE EPRA/NAREIT Developed Index, which returned +11.26% [3] - The Fund's long-term performance since inception in 1998 shows an annualized return of +9.12%, indicating significant growth for initial investments [5] Performance Contributors - Key contributors to the Fund's performance included investments in U.S. homebuilders such as D.R. Horton, PulteGroup, and Lennar, as well as preferred equity in Fannie Mae and Freddie Mac [4] - Detractors included investments in U.K. property companies and holdings related to the U.S. existing-home market [4] Market Trends - The Fund's management noted increasing bifurcation in the real estate sector, with significant differences in performance across property types and markets [10] - The "tale of two markets" theme was prevalent at the Zelman Housing Summit, highlighting disparities between new-home and existing-home sales [11] Investment Strategy - The Fund increased its position in Champion Homes, a leading producer of affordable housing, despite mixed industry orders and low stock prices [12][13] - The Fund also added to its investment in Unite Group, a U.K. REIT focused on student housing, capitalizing on price-to-value discrepancies in the market [15][16] Geographic Allocation - Approximately 41.9% of the Fund's capital is invested in U.S. residential real estate, with a focus on homebuilding and mortgage services [22] - 27.5% is allocated to North American commercial real estate, emphasizing real estate services and logistics [23] - 25.6% is invested in international real estate companies, targeting similar activities in developed markets [24] Cash and Hedging - The remaining 5.0% of the Fund's capital is held in cash, debt, and options, including hedges against currency exposure [25] Macro Economic Factors - The Fund's management is tracking macroeconomic indicators, including inflation rates and interest rates, which could impact the real estate sector [31][36] - A potential decline in mortgage rates could stimulate activity in the residential market, which is significant for the broader economy [36]

Performance Overview - Baron Real Estate Income Fund increased by 5.43% in Q3 2025, outperforming the MSCI US REIT Index which rose by 4.49% [2] - Since inception on December 29, 2017, the Fund's cumulative return is 97.17%, significantly higher than the REIT Index's 41.54% [2][3] Comparative Rankings - As of September 30, 2025, the Fund ranks in the 2nd, 5th, 17th, and 2nd percentiles for the 1-, 3-, 5-year, and since inception periods, respectively, according to Morningstar [4] - The Fund's Institutional Share Class is ranked as the 3rd, 10th, 28th, and 2nd best performing share class in its category for the same periods [4] Market Outlook - The Fund remains optimistic about public real estate prospects, expecting improving business fundamentals and values to contribute to attractive returns [9] - Positive comments from executives of leading real estate companies indicate a potential improvement in real estate fundamentals [12][13][14][15][16] Investment Strategy - The Fund's portfolio consists of 75% REITs, 22% non-REIT real estate companies, and 3.1% cash and cash equivalents as of September 30, 2025 [21] - The Fund's investment approach includes a focus on both REITs and non-REIT real estate companies, allowing for flexibility in capitalizing on market opportunities [20] Sector Analysis - Industrial REITs represent the largest exposure in the Fund, with a positive outlook driven by demand/supply dynamics and e-commerce growth [23] - Health Care REITs and senior housing are expected to benefit from favorable demographic trends and improving fundamentals [27] - The Fund maintains a cautious but optimistic view on office REITs, identifying specific markets with potential for growth [27] Recent Activity - The Fund initiated positions in Jones Lang LaSalle Incorporated and increased holdings in Prologis, Inc. and The Macerich Company during Q3 2025 [44][46][47] - The Fund trimmed its exposure to certain holdings like American Tower Corporation and Equinix, Inc. due to market conditions and growth outlooks [41][49] Future Prospects - The Fund anticipates a pivotal moment for real estate, with expectations of solid growth in business fundamentals and potential for improved valuations [54] - The overall sentiment in the real estate market is cautiously optimistic, with expectations of continued demand exceeding supply [51]

Core Insights - The article emphasizes the shift in urban renewal strategies, urging property owners and operators to move from traditional rental management to a user-centered, resource-driven, and product-focused operational model [1][3]. Group 1: Urban Renewal Policies - Shanghai has introduced groundbreaking policies allowing commercial buildings on specific land types to incorporate residential functions, aiming to enhance land utilization efficiency and alleviate vacancy issues [1][2]. - The core of these policies lies in functional compatibility and planning flexibility, rather than a fundamental change in land use [1]. Group 2: Challenges of Aging Commercial Properties - Nearly 30% of office buildings in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen are over 15 years old, with 80% of existing buildings expected to remain in use until 2050, indicating a growing demand for renovation [2]. - Aging properties face issues such as outdated hardware systems, high operational costs, and inadequate space design that fails to meet modern office needs [3][4]. Group 3: Innovative Transformation Opportunities - Urban renewal provides a chance for "repositioning" old assets, encouraging proactive transformation rather than reactive repairs [4]. - The article suggests exploring innovative paths such as "commercial to science," "commercial to industry," and "commercial to insurance" to align with regional industrial planning [4]. Group 4: Shanghai's Urban Renewal Model - Shanghai's urban renewal model is characterized by a shift from rigid control to functional compatibility, allowing mixed-use developments to enhance livability and reduce commuting times [5][6]. - The integration of infrastructure and urban functions aims to create a cohesive environment that enhances regional vitality and efficiency [6][7]. Group 5: Challenges in Area-Wide Renewal - The main challenges in promoting area-wide renewal include fragmented property rights, diverse stakeholder interests, and the need for inter-departmental collaboration [8]. - Successful area renewal requires avoiding homogenization and focusing on unique functional positioning, spatial experiences, and deep integration with local culture [9].