Jones Lang Lasalle Inc Stock Price, News & Analysis

JLL (NYSE: JLL) reported strong financial results for Q4 and full-year 2024, with significant growth in both revenue and earnings. Q4 revenue reached $6.8 billion, up 16% in local currency, with Transactional revenues up 22% and Resilient revenues up 13%. Full-year revenue increased to $23.4 billion, up 13% from 2023.

Q4 diluted earnings per share were $4.97, up $1.40 from prior year, while adjusted diluted EPS was $6.15, up $0.79. For the full year, diluted EPS reached $11.30, up $6.63 from 2023, with adjusted diluted EPS at $14.01, up $3.62.

Capital Markets achieved 32% growth with strong momentum in investment sales and debt advisory. Work Dynamics delivered its fourth consecutive quarter of double-digit growth. The company generated $785 million in operating cash flows in 2024, an increase of $210 million over 2023.

JLL Capital Markets has arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million square-foot trophy office tower in Midtown Manhattan. The refinancing was led by Wells Fargo, Bank of America, and Bank of Montreal for owner Ivanhoé Cambridge and asset manager Hines.

The 42-story tower is currently 97.2% leased with prominent tenants including Salesforce, Stifel, and Dechert LLP. The property features premium amenities including direct Bryant Park access, on-site Whole Foods, Equinox-anchored retail, and a 16,000-square-foot public plaza.

Located in one of New York City's strongest submarkets, the Bryant Park area maintains a 0.8% vacancy rate for trophy office assets and commands rents approximately 50% higher than average Midtown Class A properties. JLL reports a 30% increase in lender quotes for large debt advisory transactions exceeding $100 million in H2 2024 compared to H2 2023.

JLL (NYSE: JLL) has been named to Fortune magazine's World's Most Admired Companies list for the ninth consecutive year in 2025. The recognition is based on Fortune's evaluation of companies across nine attributes related to corporate performance, determined through surveys of global executives, directors, and analysts.

CEO Christian Ulbrich attributes this achievement to the company's dedicated workforce and robust global platform. He emphasizes that JLL's combination of innovative solutions and data intelligence with expert professionals enables the delivery of exceptional client outcomes, distinguishing the firm as an industry leader.

The company continues to demonstrate its commitment to shaping the future of real estate through technological innovation, sustainability initiatives, and ethical business practices, working towards creating a better world through its real estate services.

JLL Capital Markets has arranged a $170 million financing for the SkyREM Industrial Portfolio, comprising 10 buildings of industrial and warehouse distribution assets across multiple U.S. regions. The portfolio, totaling 2.5 million square feet, is located in South Carolina, North Carolina, New Jersey, Wisconsin, Georgia, Iowa, and Pennsylvania.

The fixed-rate, five-year loan was secured through Apollo. The properties boast a 99% occupancy rate with 15 diverse tenants from various industries including technology, manufacturing, warehousing, logistics, aerospace, and government. Tenants have an average tenure of approximately 8 years, with histories ranging from 1 to 20+ years.

Despite a national slowdown in industrial leasing post-pandemic, the Logistics & Parcel Delivery sector showed strong performance, particularly in New Jersey, where Q3 2024 recorded the second-highest leasing volume ever at 14 million square feet.

JLL Capital Markets has successfully arranged over $1.2 billion in construction financing throughout 2024 for The BlackChamber Group's data center development projects in Northern Virginia. The financing will support the development of four hyperscale powered shell campuses with a combined capacity of over 740 megawatts.

BlackChamber's Northern Virginia portfolio includes eight campuses with potential to reach 1.5 GW of gross power capacity across more than six million square feet. Northern Virginia, the world's largest data center market, has over 4.6 GWs of power capacity as of 1H 2024, with more than 1.3 GWs absorbed in 2024 and a remarkably low vacancy rate of 0.4%. The region currently has over 5.8 GWs of planned data center development.

The financing arrangements involved various capital sources, including bank balance sheets, commercial real estate and infrastructure verticals, and private credit vehicles funded with insurance company capital.

JLL (NYSE: JLL) has announced its upcoming fourth quarter 2024 earnings conference call and webcast, scheduled for Wednesday, February 19, 2025, at 9 a.m. Eastern time. Participants can join via phone by dialing (888) 660-6392 with conference ID 5398158, and are advised to dial in 10 minutes before the start time.

The event will also be accessible through a live webcast on the company's Investor Relations website at ir.jll.com. Presentation slides will be made available in the Events & Presentations section prior to the webcast. A replay of the webcast will remain accessible for 12 months following the event.

JLL Capital Markets has arranged a $300 million refinancing for the Omni Nashville Hotel, an 800-key luxury property in downtown Nashville. The deal involves a fixed-rate, seven-year loan secured through a U.S.-based insurance company and AllianceBernstein Commercial Real Estate Debt for borrower TRT Holdings.

The 21-story hotel, opened in 2013, features over 80,000 square feet of meeting space, including Nashville's largest hotel ballroom. The LEED Silver certified property includes multiple dining options, a Mokara spa, rooftop pool, and is integrated with the Country Music Hall of Fame and Museum. Located opposite the Music City Center convention facility, the hotel benefits from Nashville's tourism sector, which attracts over 14 million annual visitors.

JLL Asia-Pacific (APAC) has been awarded the 2024 Asia-Pacific Company of the Year Award by Frost & Sullivan for excellence in facility management. The company stands out for its innovative approach to real estate management, incorporating advanced technologies and neuroscientific principles through initiatives like Work Science and JLL Future Labs.

The company's technological solutions include the AI-enhanced JLL Serve FM application, Smart Building Platform, and the industry's first large language model, JLL GPT. These solutions enable real-time asset monitoring, predictive maintenance, and data-driven decision-making. JLL APAC's customer-centric approach has resulted in a 100% global Net Promoter Score, setting a new regional record.

The award recognizes JLL APAC's leadership in growth strategy implementation, innovation in products and technologies, and superior customer value delivery across multiple industries including finance, government, IT, and manufacturing.

JLL Capital Markets has arranged $357.8 million in acquisition financing for MDH F3 Arctic Portfolio, a fully leased 5.5-million-square-foot industrial portfolio. The financing was secured through Wells Fargo Bank and Capital One for borrower MDH Partners. The portfolio comprises 12 state-of-the-art buildings across eight assets in South Carolina, Pennsylvania, Illinois, and Texas.

The properties, ranging from 140,300 to 1,034,200 square feet with an average clear height of 34 feet, are strategically located in key metros including Houston, Austin, Chicago, Greenville, and Middletown. All tenants are strongly credit-rated national household brands from diverse industries including automotive, e-commerce, food and beverage, and home goods.