Fri, Jul. 8, 1:00 PM
Tue, Jul. 5, 6:11 PM
- JLL (JLL -3.5%) has closed on its latest acquisition, of workplace technology firm BRG.
- BRG chief Traci Doane will take over a new Technology Solutions service line at JLL, incorporating tech consulting and Integrated Workplace Management Systems.
- BRG's space and occupancy planning, move and relocation management and project management services will become corresponding parts of JLL's suite in those areas.
Fri, May 20, 10:55 AM
- While capital markets (property sales) activity is clearly decelerating, says analyst Brad Burke, capital markets represents just 25% of the JLL's (JLL +4.3%) 2016 estimated EBITDA. The company should still be able to realize strong growth thanks to market share gains and business diversity.
- Among the risks are JLL's exposure to the U.K. (about 10% of EBITDA) amid the Brexit uncertainty. With the stock off 40% from the 52-week high, though, this may already be priced in.
- He upgrades JLL to Buy, but still prefers CBRE (CBG +2.7%) thanks to less U.K. exposure, more Y/Y benefit from recent M&A, and less pressure from tough investment management comps. He boost the PT to $38 from $35 (vs. current $28.53).
- Previously: JLL touched by Goldman, gains 3% early (May 20)
Fri, May 20, 9:37 AM
- Goldman buys the dip in JLL (JLL +3%), with an upgrade to Buy from Neutral, The $141 price target suggests more than 30% upside from yesterday's close.
- JLL is lower by 31% YTD vs. CBRE's 17% decline. It's down 36% Y/Y vs. CBRE's 26%.
Wed, Apr. 27, 2:44 PM
- Q1 adjusted net income of $37M or $0.82 per share vs. $44M and $0.97 one year ago. Adjusted EBITDA of $85M vs. $90M.
- Real Estate Services adjusted EBITDA of $51M vs. $62M a year ago. Leasing of $319.8M up 6%. Capital markets & hotels of $169.7M down 3%. Property and facility management of $392.8M up 10%.
- LaSalle Investment Management adjusted EBITDA of $34M vs. $28M a year ago. Advisory fees of $62.2M up 5%. Total revenue of $100.5M up 18%.
- Previously: Jones Lang Lasalle beats by $0.08, beats on revenue (April 27)
- JLL +5.4%
Oct. 28, 2015, 10:09 AM
- CBRE (CBG +9.5%) cruised through estimates in its Q3 report last night, and JLL (JLL +5.9%) this morning also easily topped consensus.
- For JLL, Q3 fee revenue of $1,287B gained 9% from a year ago, with adjusted EBITDA of $190M gaining 13.8%. Adjusted EPS of $2.52 was up 11%.
- The company boosted its twice-a-year dividend by 7% to $0.29 per share.
- Previously: Jones Lang Lasalle beats by $0.53, beats on revenue (Oct. 28)
- Previously: CBRE beats as acquisition is digested (Oct. 27)
- Others in sector: Marcus & Millichap (MMI +1.1%) and Kennedy-Wilson (KW +1.2%)
Aug. 12, 2015, 10:02 AM
- The hot-handed commercial brokerage sector takes a big breather as Goldman heads to the sidelines on a couple of winning long bets, and gets outright bearish on another.
- Cut to Neutral from Buy are JLL (JLL -2.4%), and HFF (HF -6.7%), and downgraded to Sell from Neutral is Marcus & Millichap (MMI -7.6%).
- Year-over-year, HF is ahead by 16%, JLL by 34%, and MMI by 76%.
Apr. 28, 2015, 12:20 PM
- Q1 adjusted earnings of $43M or $0.92 per share vs. $17M and $0.38 one year ago. The company notes the strong result came even with a $0.07 per share negative impact from foreign exchange.
- Real Estate Services revenue of $1.118B up 15% (in dollar terms) Y/Y, with leasing revenue of $306.1M up 14%, property management revenue of $259.8M up 5%. Capital markets and hotels revenue of $17.4M up 51%.
- LaSalle Investment Management revenue of $85.7M up 34% Y/Y, with advisory fees of $60.7M up 9%. $2B of equity commitments raised during Q1.
- The quarterly dividend is hiked by $0.02 to $0.27 per share.
- Previously: Jones Lang Lasalle beats by $0.47, beats on revenue (April 27)
- JLL +3.25%
Sep. 11, 2014, 8:15 AM
- Expecting Jones Lang LaSalle (NYSE:JLL) to post double-digit earnings growth, JPMorgan upgrades to Overweight from Neutral with price target raised to $143 from $128.
- Shares +0.6% premarket
- In it's August 2014 presentation, JLL notes H1 adjusted EPS of $2.07 was up 38%, on fee revenue of $2B, up 16%.
May 1, 2014, 2:53 PM
- Adj. EPS of $0.25 beats consensus by 9 cents, while revenue posted 26% Y/Y growth to $1.86B.
- EMEA revenue rose 127% to $518.7M, mainly due to the acquisition of Norland Managed in December 2013, recovery in the EU, and continued strength in Germany and U.K.
- Americas revenue of $1.02B up 10%, led by 38% property sales growth in US and 17% across other regions.
- Asia Pacific revenue rose 8% to $195.6M, led by a continued strong rebound in property sales partially offset by foreign currency conversion.
- The company signed contracts with 25 new occupants such as Alibaba Group, Société Générale, and Wipro, and provided new service to its 24 existing clients.
- CBG +8.3%.
- Earlier: Q1 results.
- Other commercial players: Jones Lang LaSalle (JLL +1.7%), Kennedy-Wilson (KW +0.1%).
Jan. 7, 2014, 5:38 PM
Oct. 29, 2013, 12:45 PM
May 1, 2012, 5:41 PMJones Lang LaSalle (JLL): Q1 EPS of $0.50 beats by $0.30. Revenue of $813.3M (+18.2% Y/Y) beats by $41M. Shares +1.4% AH. (PR) | May 1, 2012, 5:41 PM
Jones Lang LaSalle, Inc. is a financial and professional services company. It is specialized in providing real estate. it offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients seeking increased value by owning, occupying or investing... More
Industry: Property Management
Country: United States
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