JONES LANG LASALLE (JLL) Company Report

Embassy Office Parks REIT acquired a 300,000 square foot office property within the Embassy GolfLinks Business Park in Bengaluru for ₹852 crore.
The acquired property, named Pinehurst, is a fully leased Grade-A asset anchored by Fidelity India.
This acquisition is expected to be accretive to Distribution per Unit (DPU) and Net Operating Income (NOI), delivering an NOI yield of approximately 7.9%.
The transaction was advised by property advisory firm JLL India.

2 days ago

Morningstar

JLL Reports Global Bidding Activity Improvement and Expected Capital Flow Growth

JLL

New Projects/Investments

Guidance Update

JLL's Global Bid Intensity Index rose in October, signaling continued capital flow growth and increased market competition in private real estate capital markets.
Bidder competitiveness has improved globally, with October posting the second-highest monthly gain over the past year, partly due to the Federal Reserve's interest rate cuts in September and October.
Capital deployment accelerated during the third quarter, indicating increased investor confidence, and JLL expects continued capital flow growth into 2026.
The Living / Multi-Housing sector continues to lead bidding activity, while Industrial and Logistics rebounded, and Office sector bid dynamics are on an upward path from late 2023 lows.

Nov 25, 2025, 2:09 PM

Press Release

JLL Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EBITDA Guidance

JLL

Earnings

Guidance Update

Share Buyback

JLL reported strong financial results for Q3 2025, with revenue growing 10%, adjusted EBITDA increasing 16%, and adjusted EPS up 29%, driven by a reacceleration in transactional businesses, including 26% growth in investment sales, debt and equity advisory.
The company increased the low end of its full-year 2025 adjusted EBITDA target range by $75 million, setting a new range of $1.375 billion to $1.450 billion, and is on track to achieve the low end of its mid-term adjusted EBITDA margin target this year.
JLL is strategically integrating its Software and Technology Solutions segment into Real Estate Management Services, with the segment on track to be profitable in full year 2026. The company is also intentionally exiting certain low-margin Property Management contracts to improve overall segment margins.
Capital allocation included $70 million in share repurchases during Q3 2025, bringing the year-to-date total to $131 million, and net leverage improved to 0.8 times.

Nov 5, 2025, 2:00 PM

Transcript

JLL Reports Strong Q3 2025 Results and Raises Adjusted EBITDA Target

JLL

Earnings

Guidance Update

Share Buyback

JLL reported strong Q3 2025 consolidated financial results, with revenue increasing 11% (10% local currency) to $6,510 million and Adjusted Diluted EPS rising 28% (29% local currency) to $4.50 compared to Q3 2024.
Adjusted EBITDA for Q3 2025 grew 17% (16% local currency) to $347 million, and the company updated its 2025 Adjusted EBITDA target to $1,375 million - $1,450 million, an increase of $75 million to the bottom of the previous range.
Global direct real estate investment volumes increased 12% local currency (17% USD) in Q3 2025 year-over-year, driven by a 25% local currency increase in the Americas. The global office vacancy rate also saw its first decline since 2019, falling 10 basis points to 16.9% in Q3 2025.
The company reduced its net debt sequentially, with Total Net Debt at $1,099 million and a Net Debt/Adjusted TTM EBITDA ratio of 0.8x in Q3 2025. Share repurchases totaled $70 million in Q3 2025, contributing to a year-to-date total of $131 million.

Nov 5, 2025, 2:00 PM

Presentation

JLL Reports Strong Q3 2025 Results, Raises Full-Year Adjusted EBITDA Target

JLL

Earnings

Guidance Update

Share Buyback

JLL reported strong Q3 2025 results, with consolidated revenue growing 10%, adjusted EBITDA increasing 16%, and adjusted EPS up 29%, marking the sixth consecutive quarter of double-digit revenue gain and eighth consecutive quarter of double-digit adjusted EPS growth.
The company experienced a re-acceleration in its transactional businesses, with transactional revenue growing 13%, driven by 26% growth in investment sales, debt, and equity advisory. Capital Markets Services saw accelerated growth, including 47% in debt advisory and 22% in investment sales.
JLL raised the low end of its full-year adjusted EBITDA target range by $75 million, establishing a new range of $1.375 billion to $1.45 billion. The company is also on track to achieve the low end of its midterm adjusted EBITDA margin target range this year.
Effective January 1, 2026, the Software and Technology Solutions segment will be integrated as a fifth business line within Real Estate Management Services (REMS) to further scale and achieve synergies. Additionally, JLL is intentionally exiting certain low-margin property management contracts, primarily in Asia Pacific, which is expected to temper revenue growth in that specific area through mid-2026.
In Q3 2025, JLL repurchased $70 million in shares, bringing the year-to-date total to $131 million, and plans to continue offsetting annual stock compensation dilution.

Nov 5, 2025, 2:00 PM

Transcript

JLL Reports Strong Q3 2025 Results and Raises Full-Year Adjusted EBITDA Guidance

JLL

Earnings

Guidance Update

Share Buyback

Jones Lang LaSalle (JLL) reported strong Q3 2025 financial results, with revenue up 10%, Adjusted EBITDA increasing 16%, and Adjusted EPS growing 29%.
The company raised the low end of its full-year Adjusted EBITDA target range by $75 million, resulting in a new range of $1.375 billion-$1.45 billion, and is on track to achieve the low end of its midterm Adjusted EBITDA margin target this year.
Transactional revenue grew 13%, led by 26% growth in investment sales, debt, and equity advisory, reflecting building market momentum.
JLL is strategically exiting certain low-margin Property Management contracts, primarily in Asia Pacific, a process anticipated to continue through the first half of 2026, to enhance profitability.
Net leverage improved to 0.8x, and the company repurchased $70 million in shares during Q3 2025, bringing the year-to-date total to $131 million.

Nov 5, 2025, 2:00 PM

Transcript

JLL Reports Strong Q3 2025 Results and Updates Full-Year Guidance

JLL

Earnings

Guidance Update

Revenue Acceleration/Inflection

JLL reported strong Q3 2025 financial results, with consolidated revenue growing 10%, adjusted EBITDA increasing 16%, and adjusted EPS up 29%. This growth was primarily driven by a re-acceleration in transactional businesses, which saw 13% revenue growth, and continued double-digit revenue gains in Real Estate Management Services.
The company updated its full-year adjusted EBITDA target range, increasing the low end by $75 million to a new range of $1.375 billion-$1.45 billion, and is on track to achieve the low end of its midterm adjusted EBITDA margin target this year.
Strategically, the Software and Technology Solutions segment will be integrated into the Real Estate Management Services segment as a fifth business line starting January 1, aiming for profitability in full year 2026. JLL also improved its net leverage to 0.8 times and repurchased $70 million in shares during Q3, totaling $131 million year-to-date.
JLL is developing a new strategy for top and bottom line growth through 2030, with refreshed financial targets to be shared in Q1 2026.

Nov 5, 2025, 2:00 PM

Transcript

JLL Reports Strong Third-Quarter 2025 Financial Results

JLL

Earnings

Revenue Acceleration/Inflection

Share Buyback

JLL reported third-quarter 2025 revenue of $6.5 billion, an increase of 10% in local currency, with diluted earnings per share growing 45% to $4.61 and adjusted diluted earnings per share up 29% to $4.50.
Adjusted EBITDA for Q3 2025 was $347.3 million, reflecting a 16% increase in local currency, driven by an acceleration in transactional revenue and ongoing momentum in resilient businesses.
The company generated $182.3 million in cash from operating activities year-to-date, the highest through three quarters since 2021, and increased share repurchases to $70.0 million this quarter. Net Debt decreased to $1,098.6 million as of September 30, 2025.
JLL anticipates momentum to continue into the fourth quarter and is raising the mid-point of its full-year Adjusted EBITDA target.

Nov 5, 2025, 12:31 PM

8-K

JLL Reports Strong Third-Quarter 2025 Financial Results

JLL

Earnings

Revenue Acceleration/Inflection

Share Buyback

JLL reported Q3 2025 revenue of $6.5 billion, an increase of 10% in local currency compared to the prior-year quarter.
Diluted earnings per share for Q3 2025 grew 45% to $4.61, and adjusted diluted earnings per share increased 29% to $4.50.
Year-to-date cash provided by operating activities reached $182.3 million, the highest through three quarters since 2021.
The company repurchased $70.0 million in shares during Q3 2025, bringing the year-to-date total to $131.2 million, up 118% from the prior year.
CEO Christian Ulbrich anticipates momentum continuing into the fourth quarter and announced a raise in the mid-point of the full-year Adjusted EBITDA target.

Nov 5, 2025, 12:30 PM

Press Release

JLL Secures Construction Financing for Miami Condominium Tower

JLL

New Projects/Investments

Debt Issuance

JLL's Capital Markets group secured $565.35 million in construction financing for Y-Tech's The Residences at 1428 Brickell, an ultra-luxury condominium tower in Miami's Brickell Financial District.
The 4.25-year, floating-rate loan was arranged through JP Morgan and Sculptor.
As of October 2025, the project is 57% presold and is slated for delivery in Q4 2028.
The 70-story tower will be the first high-rise residential building globally to be partially powered by the sun, featuring a solar backbone with over 500 photovoltaic-integrated glass panels.

Nov 3, 2025, 10:59 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for JONES LANG LASALLE.

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