Overview

* JLL Q2 revenue rises 10%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q2 up 29%, surpassing consensus estimates, per LSEG data

* Co doubled share repurchases in Q2, reflecting confidence in performance

Outlook

* JLL raises mid-point of full-year Adjusted EBITDA target range

* Company cites strong performance in resilient businesses for outlook

* Investments in platform and people to drive sustainable growth

Result Drivers

* REVENUE GROWTH - JLL reports 10% increase in Q2 revenue, driven by Real Estate Management Services and Capital Markets Services

* RESILIENT SEGMENTS - Workplace Management and Project Management within Real Estate Management Services saw significant growth, contributing to overall performance

* CAPITAL MARKETS - Strong performance in debt advisory and investment sales led to 12% growth in Capital Markets Services

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $6.25 $6.21

Revenue bln bln (7

Analysts

)

Q2 Beat $3.3 $3.2 (8

Adjusted Analysts

EPS )

Q2 EPS $2.32

Q2 Beat $159.40 $154.40

Adjusted mln mln (6

Net Analysts

Income )

Q2 Beat $291.70 $277.30

Adjusted mln mln (7

EBITDA Analysts

)

Q2 Free $288.40

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "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 ( JLL ) is $338.00, about 19.2% above its August 5 closing price of $273.02

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

(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.)