JLL Q1 2020 Earnings Report
Key Takeaways
JLL's operations were disrupted by the COVID-19 pandemic, with offices in China closing in January and over 90% of global office-based employees working remotely by the end of March. Despite this, the company achieved strong consolidated RES revenue and fee revenue growth, driven by the Americas segment. Net income attributable to common shareholders was $5.3 million, and adjusted EBITDA was $95.6 million.
Record consolidated revenue of $4.1 billion and fee revenue of $1.5 billion, increased 9% and 15%, respectively.
Americas Leasing extended impressive trend of quarterly growth.
Organic RES fee revenue growth of 5% despite COVID-19 challenges.
Capital Markets showed platform strength and reflected excellent progress on HFF integration.
JLL
JLL
JLL Revenue by Segment
Forward Guidance
Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and dividend payments may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income