Jones Lang Lasalle (JLL) AI Stock Analysis

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Jones Lang Lasalle

(NYSE:JLL)

Rating:79Outperform

Price Target:

$313.00

▲(5.42% Upside)

Jones Lang Lasalle's strong financial performance and positive earnings call results are the primary drivers of its overall score. The company's strategic focus on sustainable growth and technology investments further supports its position. However, valuation concerns and technical indicators suggesting limited short-term upside slightly temper the score.

Positive Factors

Earnings

JLL reported very strong first-quarter results with gross revenue up 13% year-over-year in constant currency, exceeding both internal estimates and consensus.

Industry Trends

Management believes there are several industry trends that will serve as long-term growth drivers, including growing propensity to outsource real estate services and increased urbanization.

Profit Guidance

Management raised the low end of its profit guidance by $50 million, reflecting growth expectations of 21% at the midpoint.

Negative Factors

EPS Performance

Adjusted EPS were $0.13 below the estimate due to the impact of a $14 million loan loss in the DUS business.

Interest Rates

The recent rise in interest rates could begin to weigh on activity.

Macro Uncertainty

Decision-making may be delayed some due to increased macro uncertainty.

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

Market Cap

$13.45B

Dividend YieldN/A

Average Volume (3M)418.87K

Price to Earnings (P/E)24.4

Beta (1Y)1.42

Revenue Growth13.47%

EPS Growth47.52%

CountryUS

Employees112,100

SectorReal Estate

Sector Strength54

IndustryReal Estate - Services

Share Statistics

EPS (TTM)3.30

Shares Outstanding47,381,230

10 Day Avg. Volume517,081

30 Day Avg. Volume418,872

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap1.20

Enterprise Value/Revenue0.66

Enterprise Value/Gross Profit0.66

Enterprise Value/Ebitda13.04

Forecast

1Y Price Target

$307.17

Price Target Upside3.45% Upside

Rating ConsensusStrong Buy

Number of Analyst Covering8

Jones Lang Lasalle Business Overview & Revenue Model

Company DescriptionJones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services. It also provides on-site management services for office, industrial, retail, multifamily residential, and specialty properties; integrated facilities management services; designing, building, management, and consulting services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments; and advisory, consulting, valuation, and energy and sustainability services. In addition, the company offers investment management services to institutional and retail investors, including high-net-worth individuals. It provides its services to real estate owners, occupiers, investors, and developers for various property types, including cultural, educational, government, healthcare, laboratory, hotel, hospitality, and sports facilities; industrial and warehouse, office, and residential properties; retail and shopping malls; critical environment, data, transportation, and sort and fulfillment centers; infrastructure projects; and military housings. The company was formerly known as LaSalle Partners Incorporated and changed its name to Jones Lang LaSalle Incorporated in March 1999. Jones Lang LaSalle Incorporated was incorporated in 1997 and is headquartered in Chicago, Illinois.

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

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:Aug 06, 2025

(Q2-2025)

% Change Since: 8.75%|

Next Earnings Date:Oct 29, 2025

Earnings Call Sentiment Positive

The earnings call reflects 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 shows optimism with improved leverage, liquidity, and free cash flow. However, concerns remain around geopolitical pressures and potential moderation in growth.

Q2-2025 Updates

Positive Updates

Strong Revenue and Earnings Growth

Consolidated revenue increased by 10%, adjusted EBITDA grew by 17%, and adjusted EPS was up 29% year-over-year, marking the fifth consecutive quarter of double-digit revenue gains.

Resilient Business Performance

Significant growth in resilient revenue led by Workplace Management and Project Management. Project Management revenue growth was broad-based geographically, especially in the U.S. and Asia Pacific, with mid-teens management fee growth.

Capital Markets Services Growth

Transactional businesses grew 7% in the quarter, with Capital Markets Services seeing a 14% growth in investment sales, debt, and equity advisory businesses, driven by robust refinancing activity.

Improved Leverage and Liquidity

Net leverage improved to 1.2x from 1.7x a year earlier. Liquidity totaled $3.3 billion, with $2.9 billion of undrawn credit facility capacity.

Positive Free Cash Flow

Higher free cash flow in the quarter due to improved collections on trade receivables and lower cash taxes paid.

Negative Updates

Challenges in Transactional Markets

An uptick in late and prolonged decision-making, particularly in industrial and manufacturing sectors, affected transactional markets due to geopolitical and fiscal policy pressures.

Potential Contract Churn in Property Management

Anticipated elevated contract turnover in Property Management as part of strategic realignment focused on long-term growth and profitability.

Impact of Fannie Mae Loan Loss

Approximately $14 million in incremental expense due to an enhanced loss-share agreement with Fannie Mae for a specific fee loan portfolio with confirmed borrower fraud.

Potential Moderation in Project Management Growth

Growth moderation expected in Project Management later in the year due to mixed corporate CapEx signals and recent moderation in office leasing growth.

Company Guidance

During the Jones Lang LaSalle (JLL) earnings call for the second quarter of fiscal year 2025, the company reported strong financial results, highlighting several key metrics. Consolidated revenue increased by 10%, adjusted EBITDA grew by 17%, and adjusted earnings per share (EPS) rose by 29%. The resilience of JLL's platform was demonstrated by double-digit growth across its resilient business lines for the fifth consecutive quarter, with workplace management and project management leading the way. The transactional businesses, including capital markets services, showed a 7% increase, with investment sales and debt advisory businesses posting growth of 14% and 27%, respectively. The company raised its full-year adjusted EBITDA target range to $1.3 billion to $1.45 billion. JLL emphasized its strategic focus on sustainable organic growth, leveraging investments in data technology and artificial intelligence, while maintaining a disciplined approach to capital allocation, including increased share repurchases and selective M&A opportunities.

Jones Lang Lasalle Financial Statement Overview

Summary

Jones Lang Lasalle demonstrates strong financial performance with consistent revenue growth and efficient cost management. The company has a solid equity base and robust cash generation, although slight pressure on profitability margins is noted.

Income Statement

Very Positive

Jones Lang Lasalle shows strong financial performance with a consistent revenue growth trajectory from $20.76B in 2023 to $24.05B in TTM (Trailing-Twelve-Months) 2025. The gross profit margin is notably high at 88.06%, indicating efficient cost management. However, net profit margin decreased from 2.33% in 2023 to 2.23% in TTM 2025, suggesting slight pressure on profitability.

Balance Sheet

Positive

The company maintains a solid equity base with a debt-to-equity ratio of 0.54, reflecting prudent leverage usage. Stockholders' equity has gradually increased, supporting a healthy equity ratio of 41.11%. While the return on equity decreased from 3.58% in 2023 to 7.84% in TTM 2025, it still highlights efficient use of equity.

Cash Flow

Positive

The free cash flow has grown significantly by 64.05% from 2023 to TTM 2025, indicating robust cash generation. The operating cash flow to net income ratio of 1.54 in TTM 2025 underscores strong cash conversion efficiency. However, the free cash flow to net income ratio is slightly lower at 1.19, pointing to moderate capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.68B	23.43B	20.76B	20.86B	19.37B	16.59B
Gross Profit	24.61B	12.44B	10.69B	10.85B	10.88B	8.64B
EBITDA	1.24B	1.15B	915.60M	1.20B	1.35B	927.90M
Net Income	563.90M	546.80M	225.40M	654.50M	961.60M	402.50M
Balance Sheet
Total Assets	17.34B	16.76B	16.06B	15.59B	15.51B	14.32B
Cash, Cash Equivalents and Short-Term Investments	401.40M	416.30M	410.00M	519.30M	593.70M	574.30M
Total Debt	4.11B	2.95B	3.12B	3.14B	2.62B	3.10B
Total Liabilities	10.18B	9.87B	9.65B	9.44B	9.08B	8.70B
Stockholders Equity	7.04B	6.77B	6.29B	6.02B	6.18B	5.52B
Cash Flow
Free Cash Flow	561.10M	599.80M	388.90M	-5.90M	796.50M	965.30M
Operating Cash Flow	754.10M	785.30M	575.80M	199.90M	972.40M	1.11B
Investing Cash Flow	-363.10M	-316.80M	-290.40M	-243.10M	-805.80M	-170.60M
Financing Cash Flow	-400.30M	-451.20M	-374.30M	-13.10M	-143.80M	-771.20M

Jones Lang Lasalle Technical Analysis

Technical Analysis Sentiment

Positive

Last Price296.92

Price Trends

50DMA

255.10

Positive

100DMA

241.77

Positive

200DMA

253.82

Positive

Market Momentum

MACD

8.70

Negative

RSI

76.36

Negative

STOCH

87.16

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 296.92 is above the 20-day moving average (MA) of 269.03, above the 50-day MA of 255.10, and above the 200-day MA of 253.82, indicating a bullish trend. The MACD of 8.70 indicates Negative momentum. The RSI at 76.36 is Negative, neither overbought nor oversold. The STOCH value of 87.16 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 (53)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JLL	79 Outperform	$13.45B	24.40	8.40%	―	13.47%	47.52%
CBRE	77 Outperform	$46.45B	44.73	13.13%	―	14.96%	19.11%
CWK	71 Outperform	$3.29B	16.14	11.62%	―	4.63%	887.64%
EXPI	67 Neutral	$1.59B	―	-12.78%	1.98%	3.55%	-36.05%
NMRK	66 Neutral	$2.96B	39.23	6.00%	0.72%	16.29%	69.89%
Sector *	53 Neutral	$1.23B	2.72	-2.60%	5.67%	-2.15%	-149.23%

* Real Estate Sector Average

Performance Comparison

JLL

Jones Lang Lasalle

296.92

55.99

23.24%

CBRE

CBRE Group

159.66

49.17

44.50%

EXPI

eXp World Holdings

10.50

-1.48

-12.35%

NMRK

Newmark Group

17.42

5.12

41.63%

CWK

Cushman & Wakefield

14.98

2.37

18.79%

Jones Lang Lasalle Corporate Events

Executive/Board ChangesShareholder Meetings

Jones Lang LaSalle Holds Annual Shareholder Meeting

Neutral

May 21, 2025

On May 21, 2025, Jones Lang LaSalle held its Annual Meeting of Shareholders, where 95.15% of the total outstanding shares were represented. During the meeting, thirteen directors were elected for one-year terms, executive compensation was approved, the 2019 Stock Award and Incentive Plan was amended, and KPMG, LLP was ratified as the independent accounting firm for 2025.

The most recent analyst rating on (JLL) stock is a Buy with a $230.00 price target. To see the full list of analyst forecasts on Jones Lang Lasalle stock, see the JLL Stock Forecast page.

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: Aug 06, 2025