Core Insights - Jones Lang LaSalle Incorporated (JLL) reported third-quarter 2025 adjusted earnings per share (EPS) of $4.5, exceeding the Zacks Consensus Estimate of $4.24 and up from $3.5 in the prior-year quarter [1][9] - Revenues reached $6.51 billion, surpassing the Zacks Consensus Estimate of $6.46 billion, marking a 10.9% increase from the year-ago quarter [2][9] Revenue Performance - The Real Estate Management Services segment generated revenues of $4.98 billion, reflecting a year-over-year increase of 10.2%, driven by strong performance in Workplace Management and Project Management [3] - The Leasing Advisory segment reported revenues of $741.9 million, up 7.3% year over year, primarily due to growth in leasing revenues across major asset classes, especially in the office sector [4] - Capital Market Services segment revenues increased by 22.7% year over year to $612.1 million, driven by debt advisory, investment sales, and equity advisory transactions [5] - Investment Management segment revenues rose 13.9% year over year to $115.4 million, attributed to higher incentive fees [6] - Software and Technology Solutions segment revenues increased 3.4% year over year to $58.6 million, with double-digit growth in software [7] Financial Position - JLL ended the third quarter of 2025 with cash and cash equivalents of $428.9 million, an increase from $401.4 million at the end of the previous quarter [8] - The net leverage ratio improved to 0.8 from 1.2 as of June 30, 2025, indicating a stronger balance sheet [10] - Corporate liquidity rose to $3.54 billion from $3.32 billion in the previous quarter [10]