Jones Lang LaSalle unveils $7.28 billion revenue
Share
Key points
- Jones Lang LaSalle reported a 12% third-quarter revenue increase to $7.28 billion.
- Net income jumped 44% to $319.8 million following strong leasing and capital markets performance.
- The company intends to execute a $500 million accelerated share repurchase and raised its full-year earnings target.
Jones Lang LaSalle (NYSE:JLL) reported a 12% third-quarter revenue increase to $7.28 billion.
Net income attributable to common shareholders jumped 44% year-over-year to $319.8 million.
The company recorded a 50% increase in adjusted earnings per share to $6.76.
Leasing advisory revenue grew 27% in local currency, offsetting a 7% drop in investment management
The firm lowered its net debt to $858.7 million from $1.19 billion in June.
Jones Lang LaSalle stated it expects to execute a $500 million accelerated share repurchase program shortly.
