Overview
- JLL posted diluted EPS of $3.33, up 192% year over year and above estimates, and repurchased $300 million of stock as part of a buyback program capped at $3 billion.
- Revenue gains were broad-based, with real estate management up 7%, leasing advisory up 16%, and capital markets up 21% led by investment sales.
- Leasing momentum strengthened in office and industrial, helped by AI startups and data-center projects, with notable activity in San Francisco and New York City.
- Leaders said tariffs add immediate costs and the prolonged Middle East conflict is pushing up energy prices, with limited impact so far in the U.S. but growing strain in Europe.
- Executives reported strong pipelines and capital-markets deal flow carrying into the second quarter, and guided to full-year adjusted EPS of $21.80 to $23.50 subject to macro uncertainty.