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CHICAGO - On Wednesday, Jones Lang LaSalle Incorporated (NYSE:JLL) reported second-quarter 2025 results that exceeded analyst expectations, with adjusted earnings per share of $3.30 beating the consensus estimate of $3.20 and revenue of $6.25 billion slightly above the expected $6.22 billion.
The company’s stock was essentially flat following the announcement, down just 0.01% in pre-market trading following the release.
The real estate services firm posted its fifth consecutive quarter of double-digit revenue growth, with total revenue increasing 10% in local currency to $6.25 billion compared to the same period last year. Adjusted diluted earnings per share rose 29% to $3.30.
JLL’s performance was driven by strong growth in both its Resilient and Transactional business segments, which increased 11% and 7% respectively. Real Estate Management Services revenue grew 11%, fueled by Project Management (up 22%) and Workplace Management (up 10%). Capital Markets Services achieved 12% growth, led by debt advisory and investment sales businesses, while Leasing increased 5%, highlighted by industrial performance in the U.S. and office activity in both the U.S. and Asia Pacific.
"JLL’s strong second-quarter results on both the top and bottom line reflect our unwavering commitment to our clients as they navigate the uneven market environment," said Christian Ulbrich, JLL CEO. "The investments we’ve made in our people and platform are driving sustainable, organic growth and greater operating efficiency, especially in our resilient businesses."
The company reported that its Investment Management division raised $2.9 billion of capital during the first half of 2025, already surpassing the full-year capital raise amount for 2024. JLL also doubled its share repurchases in the second quarter and increased the mid-point of its full-year Adjusted EBITDA target range, reflecting confidence in its business outlook.
Net income attributable to common shareholders increased 32% YoY to $112.3 million, while Adjusted EBITDA rose 17% to $291.7 million, driven by revenue growth, improved platform leverage and ongoing cost discipline.
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