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News Release


JLL Reports Strong Third-Quarter 2017 Performance

Revenue increase of 14 percent and diluted EPS increase of 80 percent to $1.89

​CHICAGO, November 6, 2017 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported strong operating performance for the third quarter of 2017, resulting in diluted earnings per share of $1.89 and adjusted diluted earnings per share1 of $1.96.

  • Revenue up 14 percent to $1.9 billion; fee revenue1 up 12 percent to $​1.6 billion

    • Broad-based Real Estate Services and LaSalle revenue growth, primarily organic
    • Balanced expansion of annuity and transactional businesses
  • Margin improvement across all segments against solid market fundamentals

    • Accretive organic and M&A contributions, partially offset by Integral integration

    • Accelerated LaSalle incentive fees

  • ​Operating cash flows continue to strengthen; 20 percent reduction in net debt during the quarter

  • Semi-annual dividend of $0.37 per share; up 13 percent annually over 2016

CEO Comment:

“Solid organic growth and strong cash flows from operations contributed to our third-quarter performance,” said Christian Ulbrich, JLL CEO. “Continued healthy market fundamentals in the global economy and many real estate markets worldwide provide a good foundation through the end of the year and into 2018.”