JLL announces additional $2.2B share repurchase authorization program

Jones Lang LaSalle hosted its Investor Briefing, during which Christian Ulbrich, Chief Executive Officer & President, Kelly Howe, Chief Financial Officer, and other members of JLL‘s (JLL) global leadership introduced: Accelerate 2030, the company’s multi-year strategy designed to advance JLL’s competitive position across its core businesses and drive value creation. Long-term financial targets of 8% annual revenue growth, 12% annual adjusted EBITDA growth and 16% annual adjusted EPS growth, on average through the cycle; and Increased share repurchase program to $3B, the largest in company history, with plans to imminently launch a $200M accelerated share repurchase. “Accelerate 2030 builds on JLL’s strengths – actionable intelligence, trusted advice and seamless execution. As our industry evolves and opportunities expand across markets, we are sharpening our focus, deepening client relationships and investing strategically in our platform, data and people. With our resilient platform, strong balance sheet and disciplined capital allocation strategy, we are well positioned to build on the momentum underway and capture the significant runway for growth we see across our portfolio,” Ulbrich said. “These long-term financial targets reflect our confidence in JLL’s trajectory and our ability to drive top- and bottom-line growth, margin enhancement and cash generation, through the cycle,” said Howe. “As we look ahead, we have the financial strength and flexibility to continue to invest in high-return opportunities while returning capital to shareholders.”