Seeking Alpha

Jones Lang LaSalle slips after missing estimates

  • Adjusted EPS of $0.39 is up 8% Y/Y on revenues of $1.04B, up 21%. Fee revenue of $878M gained 13%.
  • Leasing Services revenue of $270.4M up 18%. Property & Facility Management revenue of $247.8M up 20%.
  • LaSalle Investment Management raised $930M of equity commitments.
  • 5% increase in semi-annual dividend to $0.23/share, reflecting an annual yield of 0.39%.
  • Americas revenue of $447.3M up 25%, EMEA revenue of $311.8M up 22%, Asia-Pacific revenue of $214.6M up 21%.
  • JLL 2.7%.
  • Q1 supplemental slides.
  • Earlier: Q1 results.
  • Other commercial players: CBRE Group (CBG +0.3%), Kennedy-Wilson (KW +0.3%).
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