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5 stories mentioning JLLUpdated 20d ago

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Wire

Jones Lang LaSalle Secures $870 Million Financing for Four Seasons Lake Austin Project

Jones Lang LaSalle's (JLL) capital markets group said Thursday it secured an $870 million senior construction loan for Four Seasons Private Residences Lake Austin, a residential development project in Austin, Texas.JLL, along with co-advisers Cobalt Equities and Adelaide Real Estate, represented the developers, Austin Capital Partners and Lincoln Property, in arranging the financing through TYKO Capital, an affiliate of Elliott Investment Management.Price: $296.47, Change: $+7.22, Percent Change: +2.50%

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Research

Research Alert: CFRA Keeps Hold Opinion On Shares Of Jones Lang Lasalle Incorporated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $10 to $340, based on a P/E of 15.5x our 2026 EPS estimate, a small discount to JLL's three-year average forward multiple of 17.4x. We increase our 2026 EPS estimate by $1.55 to $21.97 and increased 2027 by $2.26 to $24.07. Due to instability in the Middle East, management noted it has limited visibility into more economically sensitive segments, mainly Capital Markets with guidance reflecting this lack of clarity in 2H 2026. We continue to have a positive view on how AI will impact JLL with management emphasizing a high internal adoption rate as 75% of employees are using core AI tools with 25,000 using enterprise AI applications daily now. In the long term, we believe this enables JLL to do more with a smaller headcount, driving margins higher. JLL is currently exiting some international less profitable contract with the property management space in Asia Pacific, creating a small headwind to growth this year.

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Research

Research Alert: Jones Lang Lasalle Q1: Revenue Beats By $387m, Transaction Revenue +17% Y/y

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:JLL reported Q1 revenue of $6.39B (+11.1% Y/Y), beating consensus by $167M vs. $5.75B a year ago. The strong performance was fueled by accelerating Transactional revenue growth (+17% Y/Y) and continued momentum in Resilient revenues (+7% Y/Y). Following another segment reorganization that consolidated multiple Leasing Advisory reporting lines, revenue from Real Estate Management Services reached $5.0B (+9.4% Y/Y), Leasing Advisory $0.69B (+17.1%), Capital Markets Services $535M (+22.9%), and Investment Management $99M (+0.8%). The U.S. led performance with office leasing revenue growth significantly outperforming global office volumes, while many international geographies achieved double-digit revenue growth. The increase in average deal size contributed to higher commission rates paid to brokers and agents, as higher commission tiers were achieved earlier in the year, though this was partially offset by margin expansion from favorable market conditions and successful execution of JLL's strategic initiatives.

$JLL
Wire

Jones Lang LaSalle Shares Decline Even After Q1 Adjusted Earnings, Revenue Beat Analyst Estimates

Jones Lang LaSalle (JLL) shares were down more than 3% in early trading Thursday even after the company's Q1 adjusted earnings and revenue rose year on year and beat analysts' estimates.The company reported Q1 adjusted earnings Thursday of $3.43 per diluted share, up from $2.31 a year earlier.Analysts polled by FactSet expected $3.01.Revenue for the quarter ended March 31 was $6.39 billion, up from $5.75 billion a year earlier.Analysts surveyed by FactSet expected nearly $6 billion.Price: $327.54, Change: $-11.13, Percent Change: -3.29%

$JLL
Wire

UBS Raises Jones Lang LaSalle Price Target to $445 From $425, Maintains Buy Rating

Jones Lang LaSalle (JLL) has an average rating of overweight and mean price target of $390.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $350.98, Change: $+5.39, Percent Change: +1.56%

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