Overview

• JLL Q2 revenue rises 10%, beating analyst expectations, per LSEG data

• Adjusted EPS for Q2 up 29%, surpassing consensus estimates, per LSEG data

• Co doubled share repurchases in Q2, reflecting confidence in performance

Outlook

• JLL raises mid-point of full-year Adjusted EBITDA target range

• Company cites strong performance in resilient businesses for outlook

• Investments in platform and people to drive sustainable growth

Result Drivers

• REVENUE GROWTH - JLL reports 10% increase in Q2 revenue, driven by Real Estate Management Services and Capital Markets Services

• RESILIENT SEGMENTS - Workplace Management and Project Management within Real Estate Management Services saw significant growth, contributing to overall performance

• CAPITAL MARKETS - Strong performance in debt advisory and investment sales led to 12% growth in Capital Markets Services

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the real estate services peer group is "buy"

• Wall Street's median 12-month price target for Jones Lang LaSalle Inc is $338.00, about 19.2% above its August 5 closing price of $273.02

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPnvVQVQa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)