Jones Lang Lasalle Inc Stock Price, News & Analysis

JLL Capital Markets has facilitated a joint venture between Urban Visions and Mitsui Fudosan America to develop 'The Net', a 36-story, 812,000 rentable square feet Class A office tower in Seattle's Central Business District. Scheduled for completion in 2024, it will include street-level retail, extensive parking, and a focus on health and productivity with modern architectural design. Its prime location near key Seattle attractions and a perfect Transit Score of 100 enhances its appeal to potential tenants. This development is expected to redefine office standards, amid Seattle's growing demand for office spaces.

JLL has appointed Travis McCready as Executive Director and National Practice Leader for its Life Sciences sector. McCready will enhance JLL's strategy across the U.S., leveraging his extensive experience to drive growth in life sciences real estate. His prior roles include leadership at the Massachusetts Life Sciences Center and TMA Precision Health. The global prescription drug market is predicted to exceed $1 trillion by 2022, indicating strong demand for life sciences properties amid ongoing developments in vaccine research. This position aligns with JLL's commitment to optimizing real estate solutions in the life sciences sector.

JLL (NYSE: JLL) has committed to achieving net zero carbon emissions across all occupied buildings by 2030, marking a significant step in its sustainability program. The announcement coincided with Climate Week NYC and follows JLL's previous commitment as the first UK property consultancy to the World Green Building Council's Net Zero Carbon Buildings Commitment. Key metrics include managing 460 buildings and reducing 27,761 tonnes of CO2e emissions. JLL aims to improve energy efficiency and promote renewable energy usage to meet its science-based targets.

On September 17, 2020, JLL announced the provision of over 1 million meals to Feeding America, the largest hunger-relief organization in the U.S. This achievement resulted from a collaboration with ezCater, which converts catering sales into cash donations for food banks. The initiative is part of Hunger Action Month and aims to address rising food insecurity, exacerbated by the COVID-19 pandemic, affecting an estimated 54 million Americans. JLL's efforts not only help combat hunger but also support businesses returning to office environments.

Jones Lang LaSalle (NYSE: JLL) announced participation in the JP Morgan U.S. All Stars Conference on September 16, 2020, at 1 p.m. ET. CFO Karen Brennan and Executive MD Chris Stent will represent the company. A live audio webcast can be accessed via the Investor Relations section of their website, with a replay available for 30 days post-event. JLL, a leader in real estate and investment management, reported annual revenue of $18 billion in 2019 and operates in over 80 countries.

On August 25, 2020, Corrigo, a JLL company, announced the launch of a new partner program to enhance its facilities management platform. This program allows indirect channel access to Corrigo's computerized maintenance management system (CMMS) through partnerships with Acumatica and Sage Intacct. With over 4.3 million users across 122 countries, Corrigo aims to help businesses manage their facilities more effectively, particularly in light of challenges posed by the COVID-19 pandemic. The program promotes better integration of technology stacks, providing valuable insights into cost and performance.

On August 10, 2020, JLL (NYSE: JLL) announced that Christian Ulbrich, the CEO, will participate in the UBS Financial Services Virtual Conference on August 12, 2020, at 8:20 a.m. Eastern time. A live audio webcast will be available on JLL's Investor Relations website, with a replay accessible for 30 days post-event. JLL is a prominent real estate and investment management firm, generating $18.0 billion in revenue in 2019 and operating in over 80 countries with a workforce of nearly 93,000.

Jones Lang LaSalle (NYSE: JLL) reported a significant financial impact from the COVID-19 pandemic in Q2 2020, with consolidated revenue at $3.7 billion, down 13% year-over-year. Diluted EPS dropped to $0.29 from $2.40, and adjusted diluted EPS fell to $0.71. Fee revenue decreased by 24%, largely due to declines in transaction-based services. Despite challenges, the company achieved a $450 million reduction in net debt, highlighting financial resilience. Cash flows improved, with operating cash inflows at $501.4 million. JLL's diversified platform supported business continuity and client service during the ongoing crisis.

Jones Lang LaSalle (NYSE: JLL) will release its Q2 2020 results on August 6, 2020, at 7:30 a.m. Eastern time, followed by a live webcast at 9:00 a.m. The call will feature CEO Christian Ulbrich and newly appointed CFO Karen Brennan, alongside Capital Markets CEO Richard Bloxam and Corporate Solutions CEO Neil Murray. Investors can register for the call via the provided link, with a replay available on JLL's Investor Relations website.
As of March 31, 2020, JLL reported annual revenue of $18 billion and operates in over 80 countries with more than 94,000 employees.