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JLL's U.S. Leasing revenue jumps 39% as Q3 EPS hits $6.85 and it plans a $500 million buyback. JLL's third-quarter revenue rose 12% to $7.3 billion as U.S. leasing revenue grew 39% and investment sales outpaced the market. The firm raised its EPS target and plans a $500 million accelerated buyback. JLL's U.S. leasing revenue grew 39% in the third quarter, leading a quarter in which the Chicago-based commercial real estate services firm earned $6.85 a diluted share, which it called a record, and said it would buy back another $500 million of stock. Revenue rose 12% to $7.3 billion, according to the earnings release JLL filed Oct. 28. The results matter beyond JLL's shareholders because the firm reports its own revenue against market-wide volumes compiled by JLL Research. Those comparisons put numbers on a leasing and sales recovery that has been uneven by property type, and they show the company outpacing the market in each case it disclosed. Leasing: industrial and data centers lead, office edges up. Leasing Advisory revenue rose 27% to $941.8 million, accelerating from earlier in the year. JLL said the gain came mostly from the U.S., "most notably in the industrial, office and data center asset classes," and attributed the broad growth to "a meaningful uptick in average deal size." U.S. leasing revenue rose 39%, while parts of Europe and Asia Pacific were soft. The firm's market data show how different the property types look. JLL Research counted U.S. industrial leasing volume up 38% from a year earlier; JLL's U.S. industrial leasing revenue rose 56%. U.S. office leasing volume, by contrast, rose just 2%, while JLL's U.S. office leasing revenue climbed 18%. Globally, office leasing revenue rose 9% against market volume growth of 5%. That picture differs from the one CBRE gave on Oct. 22. CBRE's third-quarter report showed its U.S. office leasing revenue slipping 2% even as U.S. property sales revenue jumped 37%. The two firms do not measure their businesses identically, so the gap is better read as a sign that office leasing gains are concentrated in particular deals and firms than as a clean comparison; that is its reading, not either company's. Segment Adjusted EBITDA for leasing rose 47% to $201.8 million. JLL said larger average deals pushed it into higher commission tiers earlier in the year, raising its commission expense along with revenue. Capital markets: sales outrun the market. Capital Markets Services revenue rose 20% in dollars and 21% in local currency to $736.8 million, with growth across nearly all major geographies and sectors, led by the U.S. and Japan. Investment sales revenue grew 33% globally and 34% in the U.S., compared with market-wide growth in sales volume of 9% globally and 11% in the U.S. that JLL cited. Debt advisory revenue rose 13% and equity advisory 39%. On a two-year basis, JLL said, investment sales are up 55%, debt advisory 61% and equity advisory 126%. Segment Adjusted EBITDA rose 46% to $131.1 million, helped by $6.8 million of lower loan-related expenses, including the absence of a loan loss recorded a year earlier. The steadier businesses. Real Estate Management Services, the outsourcing and facilities business that makes up most of JLL's revenue, grew 9% to $5.5 billion. Workplace Management rose 10% to $3.75 billion and Project Management 14% to $1.1 billion, led by the U.S. and India. Property Management revenue was roughly flat at $464.4 million. Investment Management, home to LaSalle Investment Management, was the one decliner. Revenue fell 9% to $105.2 million as incentive and transaction fees dropped 44% to $12.6 million. Assets under management ended the quarter at $88.4 billion, up from $86.8 billion at the end of June. Profit, cash and buybacks. Net income attributable to common shareholders rose 44% to $319.8 million. Adjusted diluted EPS was $6.76, up 50%, and Adjusted EBITDA rose 33% to $460.2 million. For the first nine months, diluted EPS was $14.73, up from $8.07. "JLL's record third quarter at the top and bottom line reflected our track record of converting growth into margin-accretive profit," chief executive Christian Ulbrich said. He said the company had "raised our full-year Adjusted EPS target range, reflecting 37% growth at the midpoint," and that the "imminent $500 million accelerated share repurchase underscores our conviction in our long-term strategy." The release did not restate the new range itself. JLL bought back $141.7 million of stock in the third quarter and $551.7 million through September. It said the new accelerated repurchase will bring full-year buybacks to more than $1 billion, and $2.5 billion remained authorized at Sept. 30. Net debt fell to $858.7 million from $1.19 billion at the end of June, for a net leverage ratio of 0.5 times, and corporate liquidity was $3.57 billion. Quarterly operating cash flow was $609.7 million, slightly below a year earlier, and free cash flow was $556 million. For the nine months, free cash flow rose to $174.2 million from $43.9 million. The quarter also follows an organizational change in JLL's largest market: earlier this month the company created a U.S. country CEO role and named Mark Gibson to it. More earnings coverage is in its Commercial Real Estate section.

Jones Lang LaSalle (NYSE:JLL) releases earnings results, beats expectations by $0.61 EPS. October 28, 2026 Key points. * JLL beat quarterly expectations, reporting $6.76 in EPS versus the $6.15 consensus and $7.28 billion in revenue versus $7.24 billion expected. Revenue rose 11.8% year over year, while EPS increased from $4.50 a year earlier. * Management reported record third-quarter results and raised its full-year 2026 adjusted EPS outlook to $25.20-$26.30. Leasing Advisory and Capital Markets delivered strong growth, though higher bond yields are slowing some deal decisions. * JLL plans a $500 million accelerated share repurchase and expects AI, automation, and platform initiatives to support ongoing margin expansion. Analysts maintain a "Moderate Buy" consensus with an average price target of $427.60. * Interested in Jones Lang LaSalle? Here are five stocks we like better. Jones Lang LaSalle (NYSE:JLL - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $6.76 earnings per share for the quarter, topping analysts' consensus estimates of $6.15 by $0.61, FiscalAI reports. The business had revenue of $7.28 billion during the quarter, compared to analysts' expectations of $7.24 billion. During the same quarter in the previous year, the business earned $4.50 EPS. The business's revenue for the quarter was up 11.8% on a year-over-year basis. Here are the key takeaways from Jones Lang LaSalle's conference call: * JLL reported record third-quarter results, with revenue up 12%, adjusted EBITDA up 33%, and adjusted EPS up 52%. Management raised its full-year 2026 adjusted EPS outlook to $25.20-$26.30, implying 37% growth at the midpoint. * Leasing Advisory growth accelerated to 27%, supported by broad-based strength in U.S. industrial, office, and data-center activity. JLL raised its full-year Leasing Advisory revenue-growth target to the high teens and cited strong pipelines and forward economic indicators. * Capital Markets revenue increased 33%, but higher bond yields are causing some repricing, longer decision timelines, and a modest slowdown in pipeline conversion. JLL maintained its mid-teens full-year growth target while noting that fourth-quarter comparisons are particularly challenging. * Real Estate Management Services benefited from Workplace Management growth, improved terms on retained Asia-Pacific contracts, and platform leverage. Management expects to complete the remaining contract exits by year-end, with related growth headwinds dissipating through 2027. * JLL plans to begin a $500 million accelerated share repurchase, which management expects to complete by year-end, while retaining substantial liquidity and an active M&A pipeline. The company also expects AI, automation, and platform initiatives to contribute more than 20 basis points of annual margin expansion on average. Jones Lang LaSalle stock performance. JLL stock traded up $30.50 during mid-day trading on Wednesday, reaching $330.44. The company had a trading volume of 287,551 shares, compared to its average volume of 435,151. Jones Lang LaSalle has a fifty-two week low of $259.83 and a fifty-two week high of $393.84. The firm has a fifty day simple moving average of $333.42 and a 200 day simple moving average of $324.52. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30. Wall Street analyst weigh in. A number of equities research analysts have recently weighed in on JLL shares. Keefe, Bruyette & Woods dropped their price objective on shares of Jones Lang LaSalle from $415.00 to $385.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. Weiss Ratings raised Jones Lang LaSalle from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 18th. Raymond James Financial reissued a "strong-buy" rating and set a $500.00 price objective on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. Citigroup reiterated a "market perform" rating on shares of Jones Lang LaSalle in a research report on Thursday, September 17th. Finally, Barclays boosted their price target on shares of Jones Lang LaSalle from $368.00 to $401.00 and gave the company an "equal weight" rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $427.60. Discover more Stock Market News Stock Market Holidays Track Stock Market Insider buying and selling. In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer owned 138,418 shares in the company, valued at $53,364,291.54. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $2,271,060 in the last 90 days. Corporate insiders own 0.91% of the company's stock. Jones Lang LaSalle company profile. Jones Lang LaSalle Incorporated, doing business as JLL, is a global commercial real estate services and investment management company. It serves property owners, occupiers, investors and developers across a broad range of real estate sectors, including office, industrial, retail, residential, hospitality and specialized properties. JLL's services include leasing, capital markets and investment sales, property and facilities management, project and development management, valuation and advisory services, workplace strategy, sustainability consulting and real estate technology solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Jones Lang LaSalle, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jones Lang LaSalle wasn't on the list. While Jones Lang LaSalle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation. Inside this report, you'll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America. Continue following MarketBeat

JLL strengthens Leeds Office Agency team. 27th October 2026 Updated: 27th October 2026 Real estate firm JLL has strengthened its Leeds Office Agency team with the appointment of Robyn Garforth as an associate, supporting the team's continued investment in its Yorkshire and North East services. Robyn joins from Bruntwood in Manchester, where she was most recently senior account and asset manager. She brings nine years of experience spanning asset management and office agency, and previously held roles at Compton, Savills and Knight Frank in London. In her new role, Robyn will work alongside the wider Office Agency team on leasing and tenant representation instructions. She will advise landlords, developers and occupiers across Yorkshire and the North East, helping clients with disposal strategies, asset repositioning and the identification and acquisition of new office space. Sam Jamieson, director - Office Agency, Yorkshire and North East at JLL, said: "Robyn's appointment is an important addition to our Leeds Office Agency team and further strengthens the support we can offer clients across Yorkshire and the North East. "Her combination of asset management and agency experience gives her a valuable perspective on the needs of landlords, developers and occupiers. We're look forward to Robyn complementing the team and growing our regional offering." Robyn Garforth, associate in JLL's Leeds Office Agency team, said: "JLL has a strong reputation across Yorkshire and the North East, and I am excited to join the team at a time when businesses are continuing to reassess what they need from their workplaces. "My experience across both asset management and agency has given me insight into the priorities of property owners and occupiers, and I am looking forward to using that experience to support clients across the region."