JLL reports financial results for third-quarter 2024

CHICAGO, November 6, 2024 - Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2024. Transactional⁶ revenue growth accelerated to double digits and complemented continued momentum in Resilient⁶ business line revenues. Diluted earnings per share were $3.20, up from $1.23 last year; adjusted diluted earnings per share¹ were $3.50, up from $2.19.

• Third-quarter revenue was $5.9 billion, up 15% in local currency¹

• Resilient⁶revenues grew 16% in local currency and Transactional⁶revenues were up 11% in local currency

  • Leasing, within Markets Advisory, increased 21% with broad-based geographic and asset class growth led by U.S. office

  • Capital Markets delivered 14% growth as momentum grew in investment sales and debt/equity advisory

  • Work Dynamics extended its growth momentum, highlighted by a 20% increase in Workplace Management

• Continued profitability improvement led by Transactional⁶ revenue growth and the combination of cost discipline and platform leverage

• JLL enhanced digital leasing capabilities, closing on the acquisition of Raise Commercial Real Estate in mid-October

"JLL achieved strong third-quarter revenue and profit growth fueled by continued high demand for our outsourcing services and an acceleration in transactional activity," said Christian Ulbrich, JLL CEO. "Amidst a dynamic macro backdrop, our combination of data insights, talented people, and investments in our platform and technology is enhancing the way we work, delivering innovative capabilities our clients value. We are excited by significant opportunities in front of us and expect to continue to capitalize on them, driving meaningful and increasingly resilient top and bottom-line growth, financial returns, and cash flow generation."