JLL announces additional $2.2B share repurchase authorization program

Core Insights - JLL has launched "Accelerate 2030," a multi-year strategy aimed at enhancing its competitive position and driving value creation across its core businesses [1] - The company has set long-term financial targets of 8% annual revenue growth, 12% annual adjusted EBITDA growth, and 16% annual adjusted EPS growth, on average through the cycle [1] - JLL is increasing its share repurchase program to $3 billion, the largest in its history, with an imminent launch of a $200 million accelerated share repurchase [1] Strategic Focus - "Accelerate 2030" leverages JLL's strengths in actionable intelligence, trusted advice, and seamless execution to adapt to industry evolution and expanding market opportunities [1] - The company aims to sharpen its focus, deepen client relationships, and strategically invest in its platform, data, and personnel [1] Financial Position - JLL's leadership emphasizes the company's resilient platform, strong balance sheet, and disciplined capital allocation strategy as key factors for capturing growth opportunities [1] - The long-term financial targets reflect confidence in JLL's trajectory and its ability to enhance top- and bottom-line growth, margin improvement, and cash generation [1] - The company possesses the financial strength and flexibility to invest in high-return opportunities while also returning capital to shareholders [1]