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Jones Lang LaSalle, Inc. - JLL STOCK NEWS

Welcome to our dedicated page for Jones Lang LaSalle news (Ticker: JLL), a resource for investors and traders seeking the latest updates and insights on Jones Lang LaSalle stock.

Jones Lang LaSalle Incorporated (NYSE: JLL) is a global leader in commercial real estate and investment management services, with a history spanning over 200 years. Originating in the United Kingdom, JLL now operates in more than 80 countries and employs over 108,000 people. The company offers a comprehensive range of services to real estate owners, occupiers, and investors, including leasing, property and project management, and capital markets advisory.

Key Services:

  • Leasing
  • Property and Project Management
  • Capital Markets Advisory
  • Investment Management

JLL's investment management arm, LaSalle Investment Management, manages over $74 billion for clients across various real estate strategies. The company's strong global platform and local expertise make it a valuable partner in navigating complex real estate markets.

In recent performance highlights, JLL reported an operating income of $290.4 million for the fourth quarter of 2023, up from $254.7 million the previous year. The full year's operating income was $576.5 million, compared to $868.1 million in 2022. Despite economic uncertainties and elevated interest rates, JLL's resilient business lines such as Workplace Management and Property Management have shown significant growth.

JLL is also actively involved in sustainability through initiatives like the JLL Foundation, which supports startups focused on climate change mitigation. Furthermore, the company continues to expand its capabilities with strategic acquisitions, such as the recent addition of SKAE Power Solutions to enhance its data center technical services.

For further information, visit JLL Investor Relations.

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Jones Lang LaSalle (NYSE: JLL) announced the appointment of Susan Gore to its Board of Directors effective May 22, 2024. Gore brings over 30 years of experience in accounting, auditing, and finance, having served in various leadership roles at PriceWaterhouseCoopers LLP (PwC) and as a CFO and advisor to venture-backed companies. She will join JLL's Audit and Risk and Nominating, Governance and Sustainability Committees. Gore's expertise in digital transformation and global technology will support JLL's growth strategies. Ann Marie Petach, a long-serving board member, did not stand for re-election.

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Aston has introduced a pioneering Rapid Development Program (RDP) for Clean Data Centers, aimed at delivering scalable, carbon-free energy solutions to data centers through a network of industrial clean energy campuses. The initiative is driven by a projected doubling in data center electricity usage by 2026. The development pipeline currently represents 2 gigawatts of power, with new projects starting in 2024 and coming online in 2026.

Aston's campuses will feature multiple sources of carbon-free power generation and storage, significant power delivery with grid backup, and a flexible contract structure, all designed around customer-specific needs. The collaboration with JLL will focus on site selection and leasing, leveraging JLL’s expertise in data center development and microgrid infrastructure. This partnership aims to fast-track the deployment of clean energy solutions for data centers, addressing the expanding energy needs of major companies globally.

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JLL (NYSE: JLL) has announced the acquisition of SKAE Power Solutions, a New York-based provider of data center technical and project management services. The acquisition aims to enhance JLL's data center capabilities, offering solutions across the complete data center lifecycle. The transaction, expected to close soon, will bring SKAE's 75 employees into JLL's Work Dynamics. The move aligns with JLL's strategy to address the growing demand for data centers, driven by AI and machine learning advancements. SKAE's expertise is expected to bolster JLL’s ability to manage data center site selection, design, testing, and operations management.

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JLL's Hotels & Hospitality group arranged a $735 million refinancing for the Walt Disney World Swan & Dolphin Resort on behalf of Tishman Hotel & Realty and MetLife Investment Management. The resort consists of three Marriott branded hotels and offers extensive meeting and event space, restaurants, bars, fitness centers, pools, and a spa. The financing represents confidence in the resort's performance and management, with the loan priced competitively due to strong cash flows and a unique competitive position.

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JLL reported strong financial results for the first quarter of 2024 with revenue reaching $5.1 billion, a 9% increase from the previous year. Net income attributable to common shareholders rose significantly to $66.1 million from a loss of $9.2 million. Diluted earnings per share improved to $1.37 from a loss of $0.19, while adjusted diluted earnings per share were $1.78, up from $0.71. The company's cost mitigation actions and revenue growth led to improved profitability, especially in Resilient and Transactional business lines. JLL's CEO highlighted the company's resilience and strategic focus amid an uncertain commercial real estate environment.

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JLL Capital Markets secures $290M construction financing for Dallas Class AA office tower, with Bank of America pre-leasing 49% of the space.
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Jones Lang LaSalle Incorporated (NYSE: JLL) will host a conference call and webcast to discuss first quarter 2024 results on May 6, 2024. Investors can access the call via phone or webcast, with presentation slides available online. The webcast replay will be accessible for 12 months post-event.
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JLL promotes Michael Raphael to Chief Procurement Officer to manage procurement globally, focusing on sustainability and net zero goal by 2040.
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JLL Foundation, a non-profit backed by JLL (NYSE: JLL), highlights its catalytic impact investment in startups dedicated to mitigating climate change in its second Annual Report. The foundation provides interest-free loans to early-stage companies, with 100% reducing greenhouse gas emissions and 73% impacting real estate. JLL Foundation's mission aligns with JLL's sustainability program and focuses on supporting entrepreneurs with access to venture capital.
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JLL's Innovation Geographies report highlights the evolving landscape of innovation and talent in global cities, emphasizing the impact of new technologies like AI and sustainability goals on real estate and portfolio strategies.
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FAQ

What is the current stock price of Jones Lang LaSalle (JLL)?

The current stock price of Jones Lang LaSalle (JLL) is $255.48 as of December 24, 2024.

What is the market cap of Jones Lang LaSalle (JLL)?

The market cap of Jones Lang LaSalle (JLL) is approximately 12.1B.

What services does JLL provide?

JLL offers leasing, property and project management, capital markets advisory, and investment management services.

How many countries does JLL operate in?

JLL operates in more than 80 countries worldwide.

What is LaSalle Investment Management?

LaSalle Investment Management is JLL's investment management arm, managing over $74 billion for clients in diverse real estate strategies.

What were JLL's fourth-quarter 2023 financial results?

JLL reported an operating income of $290.4 million for Q4 2023, up from $254.7 million in the previous year.

How does JLL contribute to sustainability?

JLL contributes to sustainability through the JLL Foundation, supporting startups focused on climate change mitigation, and integrating sustainable practices across its operations.

What recent acquisitions has JLL made?

JLL recently acquired SKAE Power Solutions to enhance its data center technical services.

How many employees does JLL have?

JLL has over 108,000 employees globally.

What is the annual revenue of JLL?

JLL's annual revenue is $20.8 billion.

Where can I find more information about JLL's financial performance?

For more information on JLL's financial performance, visit their Investor Relations website at ir.jll.com.

What is JLL's approach to real estate investment?

JLL combines global platform strengths with local expertise to deliver comprehensive real estate investment solutions, focusing on sustainable growth and client satisfaction.

Jones Lang LaSalle, Inc.

NYSE:JLL

JLL Rankings

JLL Stock Data

12.06B
47.00M
0.84%
97.31%
1.45%
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