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Jones Lang LaSalle Incorporated (JLL) is a global leader in commercial real estate services and investment management, operating across 80+ countries. This page provides investors and professionals with verified press releases and news covering financial results, strategic partnerships, and operational developments.
Find authoritative updates on earnings announcements, property acquisitions, leadership appointments, and technology innovations. Our aggregation includes JLL's advancements in leasing transactions, capital markets activity, and sustainable real estate practices.
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Jones Lang LaSalle (NYSE: JLL) will host a conference call on November 2, 2022, at 9 a.m. Eastern time to discuss its third quarter 2022 results. Investors can access the call by dialing (844) 200-6205 with conference ID 276969. A live webcast will be available on the company's Investor Relations website, with presentation slides provided prior to the event. A replay will be offered for 12 months after the call. JLL reported annual revenue of $19.4 billion with operations in over 80 countries.
Jones Lang LaSalle (NYSE: JLL) will host an Investor Briefing on November 16, 2022, in New York City. The event, featuring CEO Christian Ulbrich and CFO Karen Brennan, will discuss JLL's growth strategy and financial outlook. Beginning at 9:00 a.m. ET and concluding around noon ET, the briefing will be accessible via a live video webcast, with advanced registration recommended. A replay will be available the following day on JLL's Investor Relations website.
JLL has appointed Wenceslao Bunge and Jaime Riera to enhance its Capital Markets business globally. Bunge will serve as Global Co-Chair of Real Estate Investment Banking with a focus on EMEA, APAC, and Latin America, while Riera takes on the role of EMEA Head of M&A and Corporate Advisory. Both executives join JLL from Credit Suisse, bringing extensive investment banking experience. Their appointments aim to strengthen JLL's investment banking advisory capabilities amidst a volatile market, where strategic advice for real estate investors is critical.
Boomi has appointed Larry Quinlan, former CIO of Deloitte, to its Board of Directors as an independent non-executive member. Quinlan brings over 35 years of experience in driving innovation for Fortune 500 companies and technology organizations, including overseeing technology strategy for a $45B firm. He currently serves on the boards of ServiceNow and Jones Lang LaSalle. Boomi is recognized as a leader in the integration platform market, boasting the largest customer base among vendors and a global network of about 800 partners. This strategic addition is aimed at enhancing Boomi's leadership team.
Clarion Partners Real Estate Income Fund has expanded its portfolio by acquiring three fully leased warehouse and distribution buildings in Chino, CA, totaling 109,644 square feet. This acquisition underscores the fund's growth strategy in a high-demand distribution hub within the Inland Empire West, known for its strong logistics infrastructure. The properties are centrally located, providing efficient access to major highways and airports. The management team plans to invest in maintenance enhancements, reflecting a commitment to property quality and potential future revenue growth.
Tractor Supply Company (NASDAQ: TSCO) has announced the groundbreaking of its largest distribution center in Maumelle, Arkansas, investing $128 million. This 1.2 million-square-foot facility is expected to create nearly 500 full-time jobs and will service over 300 stores at full capacity. Designed for high energy efficiency, it aims for LEED Gold certification and features a rooftop solar array that will generate an estimated 6 million kW of electricity annually, achieving net-zero energy. Hiring for the new center will begin in October 2023.
Clarion Partners Real Estate Income Fund has acquired the Rojas East Distribution Center in El Paso, Texas, adding two fully leased warehouse buildings totaling 369,310 square feet. The transaction, facilitated by JLL Capital Markets and Hunt Southwest, positions CPREIF to benefit from El Paso's strong international trade ties, with over $123 billion in cross-border commerce in 2021. The property offers Class A specifications and is strategically located near key logistics routes, enhancing its potential for future growth.
Jones Lang LaSalle reported a 17% revenue growth to $5.3 billion in Q2 2022, with a 19% increase in fee revenue to $2.1 billion. Diluted EPS rose to $3.90 from $3.82 year-over-year. Key drivers included a 28% rise in Capital Markets and 23% in Markets Advisory. However, despite strong revenue growth, net income was $193.9 million, down 3% year-over-year. Share repurchases amounted to nearly $300 million. Free cash flow showed an outflow of $626.3 million for the first half of 2022, reflecting higher compensation expenses.
