Loading...
•
Dec 31, 2022
JLL Q4 2022 Earnings Report
JLL's Q4 performance reflected the industry-wide slowdown in investment sales and leasing volumes, with annuity businesses showing resilience and diversification.
Key Takeaways
JLL's Q4 2022 revenue was $5.6 billion, a 2% decrease in local currency. Diluted earnings per share were $3.62, and adjusted diluted earnings per share were $4.36. The company's performance was impacted by a slowdown in investment sales and leasing volumes, but supported by growth in annuity-based businesses.
Fourth-quarter revenue was $5.6 billion, down 2% in local currency.
Fee revenue was $2.2 billion, down 16% in local currency, compared to a record 2021.
Work Dynamics saw increased revenue due to outsourcing wins and strong project management.
Capital Markets experienced a sharp decline due to lower market volumes and elongated deal cycles.
JLL
JLL
JLL Revenue by Segment
Revenue by Segment
Capital Markets Services Revenue
CapyFin.com Forward Guidance
JLL expects market conditions to recover across much of the world in the second half of 2023 and is confident in its ability to gain share, generate long-term profitable growth, and achieve its 2025 financial targets.