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Dec 31, 2024
JLL Q4 2024 Earnings Report
JLL reported strong Q4 2024 performance with double-digit revenue growth and improved margins.
Key Takeaways
Jones Lang LaSalle (JLL) achieved strong financial performance in Q4 2024, with revenue increasing by 16% year-over-year to $6.81 billion. Net income rose 40% to $241.2 million, driven by robust transactional growth in Capital Markets (+32%) and Leasing (+14%). The company maintained cost discipline, improving margins and generating higher free cash flow.
Revenue grew 16% YoY to $6.81 billion, driven by strong transactional growth.
Net income increased 40% YoY to $241.2 million.
Capital Markets revenue surged 32% YoY, reflecting higher investment sales and debt advisory activity.
Free cash flow improved by 28% YoY to $868.1 million.
Revenue by Segment
Forward Guidance
JLL expects continued revenue growth in 2025, supported by transactional activity, workplace management expansion, and cost efficiencies.
Positive Outlook
- Continued strength in investment sales and debt advisory.
- Leasing growth across asset classes.
- Expansion in Workplace Management within Work Dynamics.
- Improved operational efficiencies and cost control.
- Strong free cash flow generation.
Challenges Ahead
- Potential market volatility impacting real estate transactions.
- Continued weakness in JLL Technologies revenue.
- Higher interest rates affecting debt advisory demand.
- Fluctuations in LaSalle advisory fees.
- Macroeconomic uncertainty impacting investment decisions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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