JLL Q4 2019 Earnings Report

Reported record fourth-quarter and full-year results driven by strong organic revenue gains and margin expansion, along with the successful integration of HFF.

Key Takeaways

JLL reported record fourth-quarter results, with consolidated revenue of $5.4 billion and fee revenue of $2.4 billion, representing double-digit increases over the prior year. Diluted EPS was $5.23, and adjusted diluted EPS was $6.35. Strong operating cash flows enabled over $600 million in debt repayment during the quarter.

Record consolidated revenue and fee revenue of $5.4 billion and $2.4 billion, respectively, representing double-digit increases over last year.

Excellent Americas performance for both the quarter and full year.

Continued progress on HFF integration led to strong Capital Markets results.

Real Estate Services margin rose 80 bps for the quarter.

Total Revenue

$2.38B

Previous year: $2.82B

-15.8%

EPS

$6.35

Previous year: $5.99

+6.0%

Adjusted EBITDA

$494M

Operating Margin

20.8%

Gross Profit

$3.18B

Previous year: $2.82B

+12.5%

Cash and Equivalents

$452M

Previous year: $481M

-6.0%

Total Assets

$13.7B

Previous year: $10B

+36.4%

JLL

JLL Revenue by Segment

JLL Revenue by Geographic Location

Forward Guidance

JLL enters 2020 with optimism and confidence in their ability to continue to take market share and capitalize on long-term growth opportunities.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View JLL