Jones Lang Lasalle Inc. (JLL)
NYSE:JLL
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Jones Lang Lasalle (JLL) AI Stock Analysis

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JLL

Jones Lang Lasalle

(NYSE:JLL)

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Outperform 72 (OpenAI - 4o)
Rating:72Outperform
Price Target:
$319.00
▲(3.82% Upside)
Jones Lang Lasalle's strong earnings performance and strategic focus on technology integration are significant strengths, contributing to a positive outlook. However, bearish technical indicators and moderate valuation suggest caution. The company's robust financial health supports its resilience, but potential challenges in certain segments warrant attention.
Positive Factors
Revenue Growth
Consistent double-digit revenue and EPS growth indicate strong market demand and effective business strategies, supporting long-term expansion.
AI and Technology Integration
Increased AI integration enhances operational efficiency and productivity, positioning JLL for sustained competitive advantage in the real estate sector.
Balance Sheet Health
A strong balance sheet with low leverage enhances financial stability and flexibility, enabling strategic investments and resilience against economic fluctuations.
Negative Factors
Profit Margin Pressure
Decreasing profit margins may limit profitability and indicate challenges in cost management, potentially affecting long-term financial performance.
Property Management Revenue Challenges
High contract turnover in Property Management could signal client retention issues, impacting revenue stability in this segment over time.
Impact of Loan-Related Losses
Loan-related losses due to fraud can strain financial resources and reflect operational vulnerabilities, potentially affecting future profitability.

Jones Lang Lasalle (JLL) vs. SPDR S&P 500 ETF (SPY)

Jones Lang Lasalle Business Overview & Revenue Model

Company DescriptionJones Lang LaSalle (JLL) is a leading professional services firm specializing in real estate and investment management. Headquartered in Chicago, Illinois, JLL operates across various sectors including office, industrial, retail, and residential real estate. The company offers a wide range of services such as property and facility management, leasing, capital markets, advisory, and project management, catering to clients globally.
How the Company Makes MoneyJLL generates revenue through multiple streams primarily from its service offerings. Key revenue streams include property and facility management fees, leasing commissions, and advisory services. The company earns property management fees by managing real estate assets on behalf of clients, while leasing commissions are generated from facilitating transactions between landlords and tenants. Additionally, JLL provides capital markets services, which involve advising clients on real estate investments and financing, further contributing to its income. Strategic partnerships with financial institutions and real estate developers also enhance JLL's service capabilities and market reach. The firm leverages its global presence and expertise in technology to optimize operations and improve client outcomes, thereby driving profitability.

Jones Lang Lasalle Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas are driving growth and profitability. This insight helps assess the company's strategic focus and adaptability in diverse markets.
Chart InsightsJones Lang LaSalle's revenue from Work Dynamics and Markets Advisory segments shows robust growth, aligning with the company's focus on sustainable growth and strategic investments. The earnings call highlighted a 45% surge in debt advisory revenue, supporting this trend. However, the Capital Markets segment faces challenges due to macroeconomic uncertainties and industrial market softness, as noted in the earnings call. Despite these challenges, JLL remains optimistic about its long-term trajectory, particularly in workplace and project management services, maintaining its full-year adjusted EBITDA target.
Data provided by:Main Street Data

Jones Lang Lasalle Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong revenue and EPS growth, driven by a surge in the transactional business and successful integration of AI technologies. However, challenges in Property Management and loan-related losses posed some concerns, though they did not outweigh the overall positive performance.
Q3-2025 Updates
Positive Updates
Strong Revenue and EPS Growth
JLL reported strong results with their sixth consecutive quarter of double-digit revenue gains and eighth consecutive quarter of double-digit adjusted EPS growth. Revenue grew by 10%, adjusted EBITDA increased by 16%, and adjusted EPS was up by 29%.
Transactional Business Surge
Transactional revenue grew 13% in the quarter, led by 26% growth in investment sales, debt, and equity advisory, indicating a strong recovery and momentum in the Transactional markets.
AI and Technology Integration
JLL has integrated AI into their operations, with more than 41% of their addressable population using proprietary AI tools daily, up from 35% earlier this year, enhancing productivity and efficiency.
Capital Market Services Growth
Capital Market Services saw growth trends accelerate with a 47% increase in Debt Advisory and 22% growth in Investment Sales, driven by strength in debt markets and improved bidder dynamics.
Investment Management Success
JLL has raised $3.4 billion of private equity capital year-to-date, compared to $2.7 billion for the full year 2024, showing continued strong demand for credit and core strategies.
Negative Updates
Property Management Revenue Challenges
Revenue growth in Property Management was tempered by elevated contract turnover, a result of exiting certain low-margin contracts, particularly in the Asia Pacific region.
Impact of Loan-Related Losses
The increase in Capital Markets Services adjusted EBITDA and margin was partly offset by $7.2 million of incremental expenses associated with loan-related losses, primarily due to fraud-related issues.
Moderation in Remunerative Business Growth
There was a slight deceleration in resilient revenue growth due to active decisions to exit certain contracts that didn't align with JLL's long-term margin goals.
Company Guidance
During the Jones Lang LaSalle Third Quarter 2025 Earnings Conference Call, the company reported strong financial performance, marking the sixth consecutive quarter of double-digit revenue growth and eighth consecutive quarter of double-digit adjusted EPS growth. Consolidated revenue increased by 10%, adjusted EBITDA rose by 16%, and adjusted EPS grew by 29%. The growth was driven by a reacceleration in the Transactional businesses, with Transactional revenue up 13%, including a 26% increase in investment sales, debt, and equity advisory. The Real Estate Management Services segment saw its seventh consecutive quarter of double-digit revenue gains, partly due to continued investment in technology and AI, which have enhanced productivity and revenue generation. The firm also raised the lower end of its full-year adjusted EBITDA target by $75 million to a range of $1.375 billion to $1.45 billion, reflecting a positive outlook for margin expansion and strategic investments.

Jones Lang Lasalle Financial Statement Overview

Summary
Jones Lang Lasalle demonstrates strong financial health with stable revenue growth and improved leverage. While profitability margins have faced some pressure, the company maintains operational efficiency. Cash flow generation is robust, although high free cash flow relative to net income may indicate limited growth opportunities.
Income Statement
75
Positive
Jones Lang Lasalle shows a stable revenue growth with a 2.6% increase in TTM. However, the net profit margin has decreased to 0.4% from 2.3% in the previous year, indicating pressure on profitability. The gross profit margin remains strong at 41.2%, although it has declined from previous years. The EBIT and EBITDA margins are relatively stable, suggesting operational efficiency.
Balance Sheet
80
Positive
The company's debt-to-equity ratio has improved to 0.21 in TTM, indicating a strong balance sheet with reduced leverage. Return on equity is stable at 8.3%, reflecting consistent shareholder returns. The equity ratio is healthy, suggesting a solid capital structure.
Cash Flow
70
Positive
Free cash flow has grown significantly by 60.3% in TTM, showing improved cash generation. The operating cash flow to net income ratio is 0.14, indicating adequate cash flow coverage. However, the free cash flow to net income ratio is high at 93.8%, which may suggest limited reinvestment opportunities.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue25.32B23.43B20.76B20.86B19.37B16.59B
Gross Profit12.95B12.14B10.69B11.21B10.88B8.64B
EBITDA1.43B1.25B1.01B1.20B1.35B927.90M
Net Income631.60M546.80M225.40M654.50M961.60M402.50M
Balance Sheet
Total Assets17.18B16.76B16.06B15.59B15.51B14.32B
Cash, Cash Equivalents and Short-Term Investments428.90M416.30M410.00M519.30M593.70M574.30M
Total Debt3.48B2.95B3.12B3.14B2.62B3.10B
Total Liabilities9.88B9.87B9.65B9.44B9.08B8.70B
Stockholders Equity7.18B6.77B6.29B6.02B6.18B5.52B
Cash Flow
Free Cash Flow912.00M599.80M388.90M-5.90M796.50M965.30M
Operating Cash Flow1.11B785.30M575.80M199.90M972.40M1.11B
Investing Cash Flow-349.40M-316.80M-290.40M-243.10M-805.80M-170.60M
Financing Cash Flow-727.40M-451.20M-374.30M-13.10M-143.80M-771.20M

Jones Lang Lasalle Technical Analysis

Technical Analysis Sentiment
Positive
Last Price307.26
Price Trends
50DMA
303.67
Positive
100DMA
288.44
Positive
200DMA
265.88
Positive
Market Momentum
MACD
0.13
Negative
RSI
54.99
Neutral
STOCH
84.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JLL, the sentiment is Positive. The current price of 307.26 is above the 20-day moving average (MA) of 304.61, above the 50-day MA of 303.67, and above the 200-day MA of 265.88, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 54.99 is Neutral, neither overbought nor oversold. The STOCH value of 84.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JLL.

Jones Lang Lasalle Risk Analysis

Jones Lang Lasalle disclosed 29 risk factors in its most recent earnings report. Jones Lang Lasalle reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Jones Lang Lasalle Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$14.15B23.659.14%12.51%32.34%
69
Neutral
$45.18B38.2614.26%14.61%30.19%
68
Neutral
$3.64B16.7012.21%6.77%150.72%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
62
Neutral
$28.49B1,330.930.25%14.61%-87.93%
59
Neutral
$3.01B29.448.08%0.66%22.22%94.52%
56
Neutral
$1.15B-92.57-1.09%1.65%20.74%78.92%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JLL
Jones Lang Lasalle
307.26
40.22
15.06%
CBRE
CBRE Group
155.40
19.85
14.64%
CSGP
CoStar Group
69.02
-6.75
-8.91%
MMI
Marcus & Millichap
30.32
-10.24
-25.25%
NMRK
Newmark Group
17.29
1.75
11.26%
CWK
Cushman & Wakefield
15.92
1.48
10.25%

Jones Lang Lasalle Corporate Events

Jones Lang LaSalle Reports Strong Q3 2025 Earnings
Nov 6, 2025

Jones Lang LaSalle (JLL) is a global leader in commercial real estate and investment management, offering services such as property management, leasing, and capital markets advisory. In its third-quarter 2025 earnings report, JLL announced a 45% increase in diluted earnings per share, marking its sixth consecutive quarter of double-digit revenue growth. The company reported a revenue of $6.5 billion, with significant contributions from its Capital Markets Services and Real Estate Management Services segments. Key highlights include a 22% growth in Capital Markets Services and an 8% increase in Leasing Advisory revenue. JLL also achieved a remarkable 162% increase in free cash flow and continued its share repurchase program, reflecting strong financial health. Looking forward, JLL’s management remains optimistic about sustained growth, driven by its diversified platform and strategic alignment with data and technology innovations.

Jones Lang LaSalle’s Earnings Call Highlights Robust Growth
Nov 6, 2025

Jones Lang LaSalle’s recent earnings call conveyed a generally positive sentiment, underscored by robust revenue and EPS growth. The company has successfully harnessed the momentum in its transactional business and integrated AI technologies effectively. Despite facing challenges in Property Management and some loan-related losses, these issues were overshadowed by the overall strong performance.

JLL Reports Strong Q2 2025 Earnings Growth
Aug 7, 2025

Jones Lang LaSalle (JLL) is a leading global commercial real estate and investment management firm, operating in over 80 countries with a focus on buying, building, occupying, managing, and investing in various property types. In its second-quarter 2025 earnings report, JLL reported a 32% increase in diluted earnings per share, marking its fifth consecutive quarter of double-digit revenue growth. The company achieved a 10% increase in revenue, driven by strong performances in Real Estate Management Services and Capital Markets Services. Key financial highlights include a 33% increase in net income attributable to common shareholders and a 29% rise in adjusted diluted earnings per share. JLL’s strategic focus on sustainable growth and operating efficiency is reflected in its increased share repurchases and raised capital in Investment Management. Looking ahead, JLL’s management remains optimistic about the company’s performance, bolstered by solid business trends and a revised full-year Adjusted EBITDA target.

Jones Lang LaSalle Reports Strong Q2 Earnings Growth
Aug 7, 2025

The recent earnings call for Jones Lang LaSalle (JLL) reflected a strong performance with significant revenue and earnings growth, driven by the resilience of core business lines like Workplace Management and Project Management. Despite challenges in transactional markets and potential contract churn in Property Management, the company expressed optimism with improved leverage, liquidity, and free cash flow. However, there are concerns about geopolitical pressures and potential moderation in growth.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 06, 2025