Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio [Accessibility Statement] Skip NavigationNEW YORK, Feb. 24, 2026 /PRNewswire/ -- [Storage Post Self Storage], a leading self-storage company, today announced the acquisition of a [new self-storage facility in Plainview, New York], further extending its footprint across Long Island. The property is located at 150 Fairchild Avenue, Plainview, NY, and was formerly operated as a CubeSmart facility.Continue ReadingStorage Post PlainviewTh ...

Financial Performance - Total revenue for the year ended December 31, 2025, was $26,115.6 million, representing an 11% increase from $23,432.9 million in 2024 [320]. - Operating income increased by 26% to $1,098.0 million in 2025, compared to $868.1 million in 2024 [320]. - The company reported a net income attributable to common shareholders of $792.1 million for 2025, compared to $546.8 million in 2024 [331]. - Adjusted EBITDA for 2025 was $1,452.9 million, a 22% increase from $1,186.3 million in 2024 [331]. - Consolidated revenue increased by 11% to $25.0 billion in 2025, with transactional revenues up 13% and resilient revenues up 11% [335]. - Net income attributable to common shareholders increased to $792.1 million in 2025, up from $546.8 million in 2024, with diluted earnings per share rising to $16.40 [348]. Revenue Breakdown - Real Estate Management Services revenue grew by 11% to $20,001.2 million in 2025, up from $17,992.7 million in 2024 [320]. - Leasing Advisory revenue rose by 11% to $3.0 billion, with significant growth in the office sector across various geographies [359]. - Capital Markets Services revenue increased by 19% to $2.4 billion, primarily driven by investment sales and debt advisory transactions [362]. - Investment Management revenue decreased by 4% to $450.1 million in 2025, primarily due to a 35% drop in incentive fees [365][366]. - Software and Technology Solutions revenue grew by 3% to $232.3 million, driven by double-digit growth in software [370][371]. Expenses and Charges - Total operating expenses for 2025 were $25,017.6 million, an 11% increase from $22,564.8 million in 2024 [320]. - Operating expenses rose by 10% to $25.0 billion, driven by revenue-related expenses and higher restructuring and acquisition charges [338]. - Restructuring and acquisition charges totaled $75.3 million in 2025, significantly higher than $23.1 million in 2024 [340]. - The provision for income taxes increased to $189.5 million in 2025, with an effective tax rate of 19.3% [345]. Investments and Assets - The company evaluates goodwill for impairment at least annually, with the largest asset on the balance sheet being goodwill [282]. - The company accounts for investments in proptech funds and early to mid-stage companies at fair value, with significant estimates involved in determining fair value [287]. - Assets Under Management (AUM) decreased by 3% to $86.4 billion, with asset dispositions of $8.7 billion exceeding acquisitions of $5.9 billion [368]. Cash Flow and Capital Management - Cash flows from operating activities increased significantly to $1,194.1 million in 2025, up from $785.3 million in 2024 [372]. - Cash used for investing activities rose to $336.6 million, primarily due to a $100 million contribution to JLL Income Property Trust [373]. - Total share repurchases in 2025 amounted to $211.5 million, with 747.5 thousand shares repurchased [382][383]. - Net capital additions were $215.6 million in 2025, primarily for office improvements and software [384]. - Total paid for business acquisitions in 2025 was $27.3 million, down from $69.7 million in 2024 [386]. Borrowing and Interest - The company reported a maximum borrowing capacity of $3.30 billion under its unsecured credit facility as of December 31, 2025, with no outstanding borrowings [307]. - The company has $400 million of senior unsecured notes due December 2028, bearing a fixed annual interest rate of 6.875% [308]. - The company maintains a commercial paper program allowing for the issuance of up to $2.5 billion in short-term notes, with no outstanding borrowings as of December 31, 2025 [309]. - Interest expense decreased to $107.3 million in 2025 from $136.9 million in 2024, due to lower average borrowings and a reduced average interest rate of 4.9% [341]. - If interest rates were to increase by 50 basis points, the company's interest expense for the year ended December 31, 2025, would increase by $3.5 million [310]. Market Influences - The company’s results are significantly influenced by macroeconomic trends, geopolitical environment, and global real estate markets [300]. - The company’s transaction-based revenues are impacted by the size and timing of client transactions, leading to variability in revenue recognition [302]. - The company’s equity earnings/losses may vary substantially due to valuation changes on investments reported at fair value and gains or losses on asset dispositions [303]. - Revenue from the British pound was $1,954.9 million, accounting for 7.5% of total revenue in 2025, while euro revenue was $1,662.5 million, or 6.4% of total revenue [316]. - The company experienced a 10% increase in reported operating income, estimated at $11.8 million, had the British pound-to-U.S. dollar exchange rates been 10% higher throughout 2025 [316].

Core Insights - Jones Lang LaSalle Incorporated (JLL) reported fourth-quarter 2025 adjusted earnings per share (EPS) of $8.71, exceeding the Zacks Consensus Estimate of $7.25, and up from $6.15 in the prior-year quarter [1][10] - The company achieved revenues of $7.61 billion, surpassing the Zacks Consensus Estimate by 3.78% and reflecting an 11.7% increase year-over-year [2][10] Financial Performance - For the full year 2025, adjusted EPS was $18.80, an increase from $14.01 in the previous year, supported by an 11.4% rise in revenues to $26.16 billion [3] - JLL's Real Estate Management Services segment generated revenues of $5.56 billion, a 10.4% year-over-year increase, driven by strong performance in Workplace Management and Project Management [4] - The Leasing Advisory segment reported revenues of $1.01 billion, an 18% increase year-over-year, primarily due to growth in the office sector across various geographies [5] - Capital Market Services segment revenues reached $854.4 million, up 21% year-over-year, with significant contributions from investment sales and debt advisory transactions [6] - The Software and Technology Solutions segment saw revenues of $60.7 million, a 2.4% increase, while the Investment Management segment's revenues fell 17.1% to $133.1 million due to lower incentive fees [7] Asset Management and Liquidity - As of December 31, 2025, JLL had $86.4 billion in assets under management (AUM), down from $88.8 billion a year earlier, attributed to asset dispositions and withdrawals [8] - The company ended the fourth quarter with cash and cash equivalents of $599.1 million, an increase from $428.9 million at the end of the third quarter [9] - JLL's net leverage ratio improved to 0.2, down from 0.8 as of September 30, 2025, with corporate liquidity rising to $3.90 billion [11]

Core Insights - Jones Lang LaSalle (JLL) reported a revenue of $7.61 billion for the quarter ended December 2025, reflecting an 11.7% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $8.71, up from $6.15 in the same quarter last year, indicating strong growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $7.33 billion by 3.78%, and the EPS surpassed the consensus estimate of $7.25 by 20.18% [1] Financial Performance Metrics - JLL's Adjusted EBITDA for Leasing Advisory / Markets Advisory was $225.8 million, exceeding the average estimate of $186.19 million [4] - Adjusted EBITDA for Capital Markets reached $171.2 million, surpassing the average estimate of $145.51 million [4] - The Adjusted EBITDA for Investment Management was $27.7 million, slightly below the average estimate of $29.65 million [4] - In Software & Technology Solutions, Adjusted EBITDA was $1 million, significantly better than the average estimate of -$2.15 million [4] - Adjusted EBITDA for Real Estate Management Services was $162.4 million, slightly above the average estimate of $159.25 million [4] Stock Performance - Over the past month, JLL shares have returned -16.7%, compared to a -1.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - In 2025, the company achieved a revenue increase of 11%, with Adjusted EBITDA growing by 22% to $1.45 billion, reaching the top end of its financial target for the year [4][6][10] - The company reported its seventh consecutive quarter of double-digit revenue gains and ninth consecutive quarter of double-digit EPS growth [4][6] Business Line Data and Key Metrics Changes - Real Estate Management Services revenue increased by 9% in Q4 and 11% for the full year, driven by strong growth in Workplace Management and Project Management [7][10] - Leasing Advisory revenue grew by 17% in Q4, with office leasing up 26% and industrial leasing up 11% [13][14] - Capital Markets segment saw Investment Sales growth accelerate to 27% and Debt Advisory revenue increase by 20% in Q4 [14][15] Market Data and Key Metrics Changes - The investment markets showed sustained momentum, with broad-based growth in investment sales, debt, and equity advisory up 26% during Q4 [6][14] - Office demand reached its highest level since 2019, contributing to significant growth in leasing revenue [7][13] Company Strategy and Development Direction - The company aims to continue its recent track record of revenue growth and margin expansion across resilient business lines, with a focus on enhancing platform efficiency and tech-enabled productivity gains [5][6][9] - The company is confident in its long-term growth trajectory, particularly in the face of market volatility and technological disruption [8][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing growth in leasing and capital markets, supported by a robust global economy and improved investor sentiment [7][20] - The company anticipates continued growth in 2026, targeting an Adjusted EBITDA range of $1.575 billion to $1.675 billion, reflecting 12% growth at the midpoint [20][21] Other Important Information - The company achieved an all-time high in Free Cash Flow for the full year, with a cash conversion ratio significantly above its long-term average [17][18] - Share repurchases totaled $80 million in Q4, with plans to increase repurchases in 2026 depending on market conditions [19][20] Q&A Session Summary Question: Can you provide more detail on revenue growth expectations for 2026? - Management expects continued growth from the Real Estate Management Services business, particularly in Facilities and Project Management, with strong momentum in Capital Markets and leasing [25][26] Question: How should we think about free cash flow in 2026? - Management indicated that they are comfortable with current debt levels and plan to allocate significant free cash flow to share repurchases in 2026 [28][72] Question: What are the lingering impediments to recapturing transaction volumes? - Management noted that while there is an ongoing upward trend in transactions, it will not be a rapid increase, particularly in Europe where transaction levels remain low [61][62] Question: Can you discuss the impact of AI on office demand? - Management stated that while AI may influence demand, the current trend shows strong office market recovery, particularly in high-quality buildings [51][52] Question: How much of JLL's business is exposed to office space? - Approximately 40% of the consolidated portfolio is exposed to office space, with 60% of the leasing business globally in the office sector [53][54]

Financial Data and Key Metrics Changes - In 2025, the company reported a revenue increase of 11%, with Adjusted EBITDA reaching $1.45 billion, growing 22% and hitting the top end of its financial target for the year [4][5] - The fourth quarter revenue was up 10%, driven by accelerated transactional revenue and growth in resilient business lines [5][6] - The company achieved its midterm margin target in 2025, demonstrating strong margin expansion despite a volatile macro environment [5] Business Line Data and Key Metrics Changes - Real Estate Management Services revenue increased 9% in the fourth quarter and 11% for the full year, with strong growth in workplace and project management [6][10] - Leasing Advisory revenue grew 17% in the fourth quarter, with office leasing up 26% and industrial leasing up 11% [13][15] - Capital Markets segment saw Investment Sales growth accelerate to 27% and Debt Advisory revenue increase by 20% in the fourth quarter [15][16] Market Data and Key Metrics Changes - Office demand reached its highest level since 2019, with significant contributions from the U.S., India, and the U.K. [6][10] - The investment markets showed sustained momentum, with rising investor confidence and robust real estate debt markets expected to lead to further growth in 2026 [5][6] - Global capital flows have become more active again, contributing to transaction volume growth [78] Company Strategy and Development Direction - The company is focused on becoming the most intelligent, efficient, data-led service provider, leveraging AI and technology to enhance client outcomes [22][23] - The strategic evolution aims to drive continued top and bottom line growth, with a strong balance sheet and disciplined capital allocation [22][23] - The company plans to introduce its new strategy and long-term financial targets at an upcoming investor briefing [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth trajectory of resilient businesses, despite recent market volatility [8][9] - The outlook for 2026 remains positive, with expectations for continued growth in leasing and capital markets driven by strong pipelines and favorable economic indicators [20][22] - Management noted that AI and technology investments are expected to enhance productivity and drive revenue growth without significantly increasing headcount [54][68] Other Important Information - The company achieved an all-time high in Free Cash Flow for the full year, with a cash conversion ratio above its long-term average [18][19] - Share repurchases totaled $80 million in the quarter, with plans to increase repurchases in 2026 [20][72] - The company is exiting low-margin contracts in its property management segment to improve overall growth rates [76][77] Q&A Session Summary Question: Revenue growth expectations for 2026 in capital markets, leasing, and REMS - Management expects continued growth in REMS, particularly in facilities and project management, with strong momentum in capital markets and leasing [26][27] Question: Free cash flow and capital allocation priorities for 2026 - Management indicated a focus on share repurchases and organic growth, with comfortable debt levels allowing for more capital to benefit shareholders [28][29] Question: AI's impact on competitive positioning - Management believes the company is well-positioned due to its proprietary data and early investments in AI, which enhance client outcomes and revenue [32][34] Question: Factors driving higher average deal sizes in office leasing - Management noted a recovery in large deals and a trend towards higher quality office spaces, with increased average lease durations [35][36] Question: Impact of AI on office demand - Management sees no significant negative impact from AI on office demand, with strong growth in prime office spaces expected [50][52] Question: Performance of the Workplace Management segment - Management acknowledged a deceleration in revenue growth due to healthcare costs but remains confident in long-term growth prospects [90][92] Question: Outlook for industrial leasing in 2026 - Management expects continued acceleration in industrial leasing, with strong pipelines heading into 2026 [94]

分组1 - Jones Lang LaSalle (JLL) reported quarterly earnings of $8.71 per share, exceeding the Zacks Consensus Estimate of $7.25 per share, and showing an increase from $6.15 per share a year ago, resulting in an earnings surprise of +20.18% [1] - The company achieved revenues of $7.61 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.78%, and up from $6.81 billion year-over-year [2] - JLL has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market, losing about 14.8% since the beginning of the year, while the S&P 500 has returned zero [3] - The current consensus EPS estimate for the upcoming quarter is $2.72 on revenues of $6.01 billion, and for the current fiscal year, it is $20.25 on revenues of $27.48 billion [7] - The Real Estate - Operations industry, to which JLL belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Earnings Presentation 14.88 Fourth Quarter 2025 February 18, 2026 Cautionary note regarding forward-looking statements Statements in this presentation regarding, among other things, future financial results and performance, achievements, plans, objectives and share 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 ou ...

Exhibit 99.1 News Release JLL Reports 2025 Financial Results for Fourth Quarter and Full Year JLL achieved a record fourth-quarter diluted earnings per share of $8.34, up 66% versus the prior-year quarter (in local currency ) 1 CHICAGO, February 18, 2026 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported 2025 operating performance for the fourth quarter and full year. This was the seventh consecutive quarter of double-digit revenue increases driven by an acceleration of Transactional revenue growt ...

Core Insights - Wall Street analysts forecast that Jones Lang LaSalle (JLL) will report quarterly earnings of $7.25 per share, reflecting a year-over-year increase of 17.9% and anticipated revenues of $7.33 billion, which is a 7.6% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 0.5% higher over the last 30 days, indicating a collective reevaluation by analysts [2] - Prior to earnings releases, revisions to earnings projections are crucial for predicting investor behavior, with empirical studies showing a strong link between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts expect 'Adjusted EBITDA- Leasing Advisory / Markets Advisory' to be $186.19 million, up from $170.80 million year-over-year [5] - The 'Adjusted EBITDA- Capital Markets' is projected to reach $145.51 million, compared to $119.90 million in the same quarter last year [5] - The consensus estimate for 'Adjusted EBITDA- Investment Management' is $29.65 million, down from $42.60 million year-over-year [6] - Analysts suggest 'Adjusted EBITDA- Real Estate Management Services' will likely be $159.25 million, up from $120.00 million in the same quarter of the previous year [6] Stock Performance - Over the past month, Jones Lang LaSalle shares have recorded returns of -18.7%, contrasting with the Zacks S&P 500 composite's -1.7% change [6] - Based on its Zacks Rank 3 (Hold), JLL is expected to perform in line with the overall market in the upcoming period [6]