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News Release

Chicago

JLL Reports Strong Third Quarter 2016 Revenue Growth

Revenue up 14% to $1.7 billion; fee revenue up 12% to $1.4 billion


CHICAGO, November 2, 2016 -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported diversified revenue growth for the third quarter of 2016, resulting in earnings per share of $1.05 and adjusted earnings per share of $1.42.

  • Broad-based revenue growth across geographic segments and service lines

  • Margin performance reflects anticipated reduction of LaSalle incentive fees and equity earnings, the impact of UK transactional market decline and expansion of global annuity business

  • Corporate Solutions continues to win new business and enhance service capabilities with growth driven by the Integral facilities management acquisition

  • Accelerated investments in technology, data and acquisitions

  • LaSalle assets under management reach record high of $59.7 billion with strong annuity-based advisory fees and capital raise

  • Semi-annual dividend increases 6 percent to $0.33 per share


CEO Comment:

“We achieved record third-quarter revenue driven by recent acquisitions and strong organic growth in the Americas and Asia Pacific,” said Christian Ulbrich, JLL CEO. “We expect to deliver strong operating performance during the fourth quarter of 2016 and be well positioned for further growth in 2017,” Ulbrich added.


 

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