Jones Lang LaSalle (JLL) Tops Q1 EPS by 25c, Revenues Beat

Jones Lang LaSalle (NYSE: JLL) reported Q1 EPS of $0.89, $0.25 better than the analyst estimate of $0.64. Revenue for the quarter came in at $3.82 billion versus the consensus estimate of $1.33 billion.

• Real Estate Services revenue and fee revenue growth predominantly organic
  • Americas Leasing continued exceptional performance
  • Corporate Solutions double-digit revenue increase
  • Capital Markets decline most notable in EMEA
• Margin performance reflects expansion in Real Estate Services
• LaSalle assets under management reach record $64.3 billion; anticipated reduction in LaSalle incentive fees
• Dividend increase of 5 percent to $0.43 per share
• Executed agreement for transformative acquisition of HFF, a leading capital markets intermediary

"We recorded strong first quarter results," said Christian Ulbrich, JLL CEO. "In particular, our Americas business continues to enjoy fantastic momentum, driving our overall Real Estate Services business to record first-quarter performance. With healthy pipelines and resilient real estate fundamentals, we are positioned to deliver another very strong year."

For earnings history and earnings-related data on Jones Lang LaSalle (JLL) click here.

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