JLL Q2 2021 Earnings Report

JLL reported exceptional top and bottom-line results, driven by a strong recovery in transaction-based businesses and continued investments in platform, people, and technology.

Key Takeaways

JLL reported outstanding operating performance for the second quarter of 2021, with consolidated revenue of $4.5 billion, a 22% increase from the prior year. Diluted earnings per share increased to $3.82, and adjusted diluted earnings per share rose to $4.20. The company is increasing its 2021 Adjusted EBITDA margin target range to 16% to 19%.

Consolidated revenue increased by 22% to $4.5 billion, and fee revenue increased by 46% to $1.8 billion.

Leasing and Capital Markets strongly rebounded, nearly doubling prior-year fee revenue.

Net income attributable to common shareholders was $200.0 million, up from $15.2 million in the prior-year quarter.

Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 18.3%.

Total Revenue

$1.82B

Previous year: $1.25B