Jones Lang LaSalle, Inc. - JLL STOCK NEWS

On August 25, 2020, Corrigo, a JLL company, announced the launch of a new partner program to enhance its facilities management platform. This program allows indirect channel access to Corrigo's computerized maintenance management system (CMMS) through partnerships with Acumatica and Sage Intacct. With over 4.3 million users across 122 countries, Corrigo aims to help businesses manage their facilities more effectively, particularly in light of challenges posed by the COVID-19 pandemic. The program promotes better integration of technology stacks, providing valuable insights into cost and performance.

On August 10, 2020, JLL (NYSE: JLL) announced that Christian Ulbrich, the CEO, will participate in the UBS Financial Services Virtual Conference on August 12, 2020, at 8:20 a.m. Eastern time. A live audio webcast will be available on JLL's Investor Relations website, with a replay accessible for 30 days post-event. JLL is a prominent real estate and investment management firm, generating $18.0 billion in revenue in 2019 and operating in over 80 countries with a workforce of nearly 93,000.

Jones Lang LaSalle (NYSE: JLL) reported a significant financial impact from the COVID-19 pandemic in Q2 2020, with consolidated revenue at $3.7 billion, down 13% year-over-year. Diluted EPS dropped to $0.29 from $2.40, and adjusted diluted EPS fell to $0.71. Fee revenue decreased by 24%, largely due to declines in transaction-based services. Despite challenges, the company achieved a $450 million reduction in net debt, highlighting financial resilience. Cash flows improved, with operating cash inflows at $501.4 million. JLL's diversified platform supported business continuity and client service during the ongoing crisis.

Jones Lang LaSalle (NYSE: JLL) will release its Q2 2020 results on August 6, 2020, at 7:30 a.m. Eastern time, followed by a live webcast at 9:00 a.m. The call will feature CEO Christian Ulbrich and newly appointed CFO Karen Brennan, alongside Capital Markets CEO Richard Bloxam and Corporate Solutions CEO Neil Murray. Investors can register for the call via the provided link, with a replay available on JLL's Investor Relations website.
As of March 31, 2020, JLL reported annual revenue of $18 billion and operates in over 80 countries with more than 94,000 employees.

Jones Lang LaSalle (NYSE:JLL) has appointed Lewis Woodward as the new Head of Brand & Communications, effective immediately. Based in London, Woodward will oversee JLL's global brand and communication strategy, enhancing its reputation as a leader in sustainable real estate and technology. His previous leadership roles at EY and others will be vital in promoting JLL's innovative and purpose-driven approach to real estate. CEO Christian Ulbrich expressed confidence in Woodward's ability to drive brand differentiation and alignment with JLL's transformative goals.

On June 24, 2020, JLL released its report titled "The Future of Office Demand," analyzing the evolving role of office spaces post-COVID-19. The report highlights that despite the surge in remote work, physical offices remain essential for innovation, collaboration, and employee well-being. Surveys indicate that 58% of workers miss the office, with younger employees showing even greater interest in returning. JLL emphasizes that while office demand will evolve, the necessity for office environments will persist.

Oliver Tyrone Pulver Corporation announced plans to develop a new office tower at 1301 Market Street in Philadelphia. The tower will offer up to 700,000 square feet across 30 floors and is designed to meet modern efficiency standards with column-free floors, extensive windows, and ample amenities. JLL will handle the marketing and leasing of the property, which aims to attract forward-looking tenants seeking premium office space in a prime location that provides direct transit access. The tower is expected to enhance the commercial landscape in Center City Philadelphia.

Jones Lang LaSalle (NYSE:JLL) has appointed Karen Brennan as its new Chief Financial Officer, effective July 15. Brennan, who has over 20 years of experience with LaSalle, was previously the CEO of its European operations, managing $22 billion in assets. She succeeds Stephanie Plaines, who has left the company for personal reasons. Brennan's extensive background in the global commercial real estate sector is expected to guide JLL through its current economic challenges and future growth.