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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