Jones Lang LaSalle Q1 revenue rises 11%, adjusted EPS up 48%; beat estimates

Jones Lang LaSalle Incorporated

30/04/2026 12:49

Overview

Commercial real estate services firm's Q1 revenue rose 11%, beating analyst expectations

Adjusted EPS for Q1 increased 48%, beating analyst expectations

Company repurchased $300 mln of shares, including $200 mln accelerated buyback

Outlook

JLL says its Accelerate 2030 strategy positions it for long-term sustainable growth

Result Drivers

CAPITAL MARKETS SERVICES - Growth driven by investment sales and debt advisory transactions across most sectors and geographies, with robust equity advisory activity

LEASING ADVISORY - Revenue increase led by continued momentum in office and acceleration in industrial, especially in the U.S. and UK, with larger deal sizes and higher volumes

REAL ESTATE MANAGEMENT SERVICES - Growth supported by Workplace Management and Project Management, reflecting new client wins and mandate expansions

Company press release: ID:nPnc77TYRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$6.39 bln
$6.02 bln (7 Analysts)
Q1 Adjusted EPS
Beat
$3.43
$3 (10 Analysts)
Q1 EPS
$3.33
Q1 Adjusted Net Income
Beat
$163.80 mln
$142.35 mln (7 Analysts)
Q1 Adjusted EBITDA
Beat
$273.60 mln
$257.82 mln (8 Analysts)
Q1 Free Cash Flow
-$819.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the real estate services peer group is "buy"

Wall Street's median 12-month price target for Jones Lang LaSalle Inc is $380.00, about 12.2% above its April 29 closing price of $338.66

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)