Financial PerformanceJLL reported very strong first-quarter results with gross revenue up 13% year-over-year in constant currency, exceeding both internal estimates and consensus.
Industry TrendsManagement believes there are several industry trends that will serve as long-term growth drivers, including growing propensity to outsource real estate services, real estate remaining a core and growing asset class among investors, increased urbanization, increased adoption of technology, and an increasing focus on sustainability.
Market PositionJLL appears to be gaining market share, with transactional revenue continuing to show impressive growth.