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Mar 31, 2023
JLL Q1 2023 Earnings Report
Resilient performance in annuity-based businesses was outpaced by a continued market-wide pullback in transactional revenues.
Key Takeaways
JLL reported first-quarter revenue of $4.7 billion, a 1% increase in local currency, but experienced a diluted loss per share of $0.19 and adjusted diluted earnings per share of $0.65 due to a market-wide transaction slowdown impacting Capital Markets and Leasing activities.
First-quarter revenue was $4.7 billion, up 1% in local currency, and fee revenue was $1.6 billion, down 15% in local currency.
Market-wide transaction slowdown continued to impact Capital Markets activity.
Muted Leasing activity across asset classes and most geographies drove the Markets Advisory decline.
Strong demand continued for Project Management, driving double-digit growth in Work Dynamics.
Revenue by Segment
Forward Guidance
No specific forward guidance provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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