JLL · NYSE · Real Estate - Services

Jones Lang LaSalle (JLL)

Managing properties and workplaces while advising on leases, transactions, capital and real-estate investment.

$327.92
vs last close−7.44 (−2.22%)
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Jones Lang LaSalle IncorporatedJLL
Real Estate

Provides property and workplace management, leasing advice, capital-markets services, investment management and real-estate technology across a global platform. Contract-based management and advisory fees sit alongside cyclical transaction income, making results dependent on outsourcing demand, workplace decisions, property activity, financing availability and asset values.

Provides commercial real estate management, leasing advice, capital markets services, investment management and property technology. Real Estate Management Services spans workplace, project, property and portfolio management, while Leasing Advisory and Capital Markets Services earn fees from leases, property transactions, financing and valuation work.

Operates across more than 80 countries, with most revenue generated in the United States and the rest spread internationally. LaSalle manages real estate capital for institutional and private clients, while technology products support building operations, analytics and workplace decisions.

Combines contract-based management, advisory fees and loan servicing with more cyclical transaction income. Execution depends on coordinating a large global workforce and integrating acquired capabilities. Results also depend on outsourcing demand, workplace and occupancy decisions, property transaction volumes, financing availability, asset values and technology execution.

Company facts

CEOChristian Ulbrich
ListedJul 17, 1997
ExchangeNYSE
HeadquartersChicago, IL
CountryUnited States
Employees113,200
CIK0001037976
ISINUS48020Q1076

Market cap$15.43B
EPS (ttm)$20.86
P/E (ttm)16.08
ROE13.6%
P/B2.07
P/S0.5624
Dividend yieldDiv yield
Beta0.97vs XLRE 0.67

Price target$450.50+34.3%Average of 12 analysts
ConsensusBuy7 of 12 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026BarclaysReiterate
Rating: Target: $368
Rating: Equal WeightTarget: $401
Jul 30, 2026Raymond JamesReiterate
Rating: Target: $268
Rating: Strong BuyTarget: $500
Jul 28, 2026BarclaysReiterate
Rating: Target: $366
Rating: Equal WeightTarget: $368
May 13, 2026BarclaysReiterate
Rating: Target: $348
Rating: Equal WeightTarget: $366
Apr 14, 2026BarclaysReiterate
Rating: Target: $360
Rating: Equal WeightTarget: $348

Next report
Nov 4, 26
in 42 days
EPS estimate
$6.11
Revenue estimate
$7.24B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$6.15$2.31$3.30$4.50$8.71$3.43$5.26Pending
Estimate$6.01$2.18$3.20$4.23$7.25$3.01$4.56$6.11
Surprise+2.3%+6.0%+3.1%+6.4%+20.1%+14.0%+15.4%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26Apr '26Jul '26Nov '26
Reported$6.81B$5.75B$6.25B$6.51B$7.61B$6.39B$6.93BPending
Estimate$6.67B$5.51B$6.23B$6.49B$7.44B$6.00B$6.88B$7.24B
Surprise+2.0%+4.3%+0.3%+0.4%+2.2%+6.5%+0.7%
Estimate$6.11
ReportedDue Nov 4, 2026
Estimate$7.24B
ReportedDue Nov 4, 2026
View details

Debt to equity33.70%
Current ratio112.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$5.87B$6.81B$5.75B$6.25B$6.51B$7.61B$6.39B$6.93B
Net income$155.1M$241.2M$55.3M$112.3M$222.8M$401.7M$159.0M$215.6M
Net margin2.6%3.5%1.0%1.8%3.4%5.3%2.5%3.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$228.3M$373.2M$139.7M$218.7M$285.4M$529.5M$209.9M$290.9M
YoY growth+91.7%+28.5%+22.3%+43.5%+25.0%+41.9%+50.3%+33.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $458.2M · Total debt $2.52B · Total assets $17.46B · Shareholders' equity $7.46B

Revenue
$6.93B
Operating income
$290.9M
Net income
$215.6M
View details

No dividends on record.

Institutions95.08%43.75M shares
678 holders · as of Jun 30, 2026
Insiders0.98%452.6K shares
22 holders · as of Aug 21, 2026
Other3.94%1.81M shares
remainder

46.01M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
10.14%4.67Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
9.43%4.34Mas of Jun 30, 2026
FMR LLCInstitution
6.78%3.12Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.56%2.10Mas of Jun 30, 2026
Edgepoint Investment Group Inc.Institution
3.97%1.83Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 21, 2026Christian Ulbrichdirector, officer: CEO & President−2,000$386.99
Aug 20, 2026Christian Ulbrichdirector, officer: CEO & President−2,000$385.53
Aug 19, 2026Christian Ulbrichdirector, officer: CEO & President−2,000$375.16
Aug 18, 2026Christian Ulbrichdirector, officer: CEO & President−2,000$375.00
Aug 14, 2026Christian Ulbrichdirector, officer: CEO & President−2,000$375.00
View details

  • CBRE Group

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  • Cushman & Wakefield

    Global contest in occupier services, leasing, capital markets, and valuation

  • Colliers International Group

    Global overlap in commercial real estate and investment management

  • Newmark Group

    Transaction-led rival spanning leasing, capital markets, and managed services

Compare

CompanyPriceChange
Jones Lang LaSalle$327.92−2.22%$15.43B16.112.50.6+10.8%
CBRE Group$136.89−2.95%$40.86B32.417.00.9+15.1%
Cushman & Wakefield$12.53−2.57%$3.01B44.18.10.3+11.2%
Colliers International Group$91.01−1.56%$4.60B43.011.50.8+13.3%
Newmark Group$13.50−3.19%$2.18B17.56.50.6+17.0%
Median37.79.80.7+14.2%