JLL Q2 2021 Earnings Report
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%.
JLL
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JLL Revenue by Segment
Forward Guidance
JLL is increasing its 2021 Adjusted EBITDA margin target range to 16% to 19%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income