Sign in

You're signed outSign in or to get full access.

Julian Blome

Research Analyst at Goldman Sachs

Julian Blome is a Research Analyst at Goldman Sachs, specializing in real estate sector research. He has covered specific companies including Jones Lang LaSalle (JLL), actively engaging by asking questions during earnings calls. Limited public data is available on his performance metrics, rankings, or quantitative track record such as success rates or returns generated. Blome's career timeline and previous firms are not detailed in available sources, and no professional credentials like FINRA registrations or securities licenses are specified.

Julian Blome's questions to JONES LANG LASALLE (JLL) leadership

Question · Q4 2025

Julian Blome asked about JLL's future tech and AI investment strategy, considering past criticisms and current disintermediation fears, and whether JLL would become more aggressive. He also inquired about 2026 cash flow conversion expectations and a potentially more aggressive stance on share repurchases as a signal of conviction against AI risk.

Answer

Christian Ulbrich, President and CEO, stated his fears of disintermediation have significantly shrunk due to JLL's data and incumbent benefits. JLL will continue heavy investment in its own platform and internal tools but not increase investments in third-party PropTech startups. Karen Brennan, CFO, expects 2026 cash flow conversion to return to the long-term average of ~80%. Christian Ulbrich confirmed JLL's debt levels are optimal, and the current share price makes buybacks very attractive, leading to a 'significant amount' of free cash flow allocated to repurchases in 2026.

Ask follow-up questions

Fintool

Fintool can predict JONES LANG LASALLE logo JLL's earnings beat/miss a week before the call

Question · Q4 2025

Julian Blome from Goldman Sachs asked about JLL's future strategy for tech and AI investments, particularly whether fears of disintermediation might lead to more aggressive spending, despite past criticisms regarding returns. He also inquired about cash flow conversion expectations for 2026 and if JLL would consider a more aggressive share repurchase strategy to signal confidence against AI risks.

Answer

President and CEO Christian Ulbrich expressed reduced fears of disintermediation due to JLL's long-term PropTech investments and the strength of its proprietary data, which creates a significant barrier for competitors. He confirmed continued heavy investment in JLL's internal platform and tools but no plans to increase investments in third-party PropTech startups. CFO Kelly Howe stated that after an extraordinary 2025, JLL expects cash flow conversion in 2026 to return closer to its long-term average of 80%. Ulbrich added that with optimal debt levels and the current stock valuation, JLL plans to allocate a 'significant amount' of free cash flow to share repurchases in 2026.

Ask follow-up questions

Fintool

Fintool can write a report on JONES LANG LASALLE logo JLL's next earnings in your company's style and formatting