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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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JLL's Capital Markets group secures $463 million financing for 13-property portfolio of Manulife Investment Management and Scannell Properties recapitalization
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MG Properties (MGP) completes the acquisition of Bear Valley Park Apartments in Denver, Colorado for $76 million. This marks their third multifamily acquisition in the Denver area in 2023. The property offers modern amenities, large renovated floorplans, and convenient access to employment centers. The investment reflects confidence in Denver's economic growth potential and the efficiency of regional operations.
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Passco Companies (PASS) acquires Cortona at Forest Park, a 278-unit Class-A apartment community in St. Louis, Missouri, marking a significant move to strengthen the thriving real estate landscape of the city. The acquisition, facilitated by Invesco Real Estate and brokered by JLL Capital Markets, adds a prime property with top-tier amenities to Passco's diverse portfolio, reinforcing St. Louis's dynamic status as a city with abundant opportunities. The property is at 93% occupancy and is strategically positioned in a highly sought-after live/work/play destination adjacent to Forest Park and the Central West End.
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JLL research analyzes three key factors owners and occupiers must consider in decision-making. JLL - Jones Lang LaSalle Incorporated (JLL)
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JLL: Hybrid Workplace Report Reveals New Office Attendance Trends and Employee Expectations
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Jones Lang LaSalle Incorporated (NYSE: JLL) has announced a $400.0 million aggregate principal amount of 6.875% Senior Notes due 2028. The net proceeds will be used for general corporate purposes, including the repayment of outstanding borrowings. The Offering is expected to close on November 13, 2023, and is being managed by Wells Fargo Securities, J.P. Morgan Securities, BofA Securities, BMO Capital Markets, and HSBC Securities. The Offering is made pursuant to an effective shelf registration statement filed with the SEC.
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Jones Lang LaSalle Incorporated (NYSE: JLL) has amended its bank credit facility, increasing the borrowing capacity to $3.3 billion and extending the maturity to November 2028. The facility includes incentives tied to sustainability goals, such as reducing greenhouse gas emissions and obtaining sustainability certification for JLL-occupied buildings over 10,000 square feet by 2030.
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Jones Lang LaSalle Incorporated (NYSE: JLL) reported operating income of $119.1 million for Q3 2023. Diluted earnings per share were $1.23 and Adjusted diluted earnings per share were $2.01. Third-quarter revenue was $5.1 billion, down 2% in local currency, and fee revenue was $1.8 billion, down 13% in local currency. Property Management and Work Dynamics achieved growth, while Leasing declined. JLL generated nearly $190 million incremental cash provided by operating activities for the quarter.
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JLL's Capital Markets group has secured $869 million in financing for a 25-property industrial portfolio in the US. The portfolio is fully leased and located in 13 major industrial markets.
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Over 80% of companies are increasing technology budgets, with sustainability tools and AI expected to have the greatest impact on real estate.
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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 25, 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

12.12B
47.00M
0.84%
97.31%
1.45%
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