Jones Lang LaSalle (JLL) Tops Q4 EPS by 115c

Jones Lang LaSalle (NYSE: JLL) reported Q4 EPS of $5.99, $1.15 better than the analyst estimate of $4.84. Revenue for the quarter came in at $2.82 billion versus the consensus estimate of $2.7 billion.

• Consolidated revenue and fee revenue1 both up 13 percent to $4.9 billion and $2.1 billion, respectively, for the quarter
• Diversified double-digit organic Real Estate Services revenue growth led by Leasing and Corporate Solutions demonstrates platform strength
• Outstanding Americas performance and LaSalle incentive fees coupled with EMEA improvement drive margin expansion
• LaSalle private equity capital raise brings assets under management to record $60.5 billion
• Continued progress on digital strategy and platform transformation
• Strong 2018 operating cash flow generation

"2018 was an exceptionally successful year for JLL. We made great progress in executing our Beyond strategy while achieving outstanding financial results," said Christian Ulbrich, JLL CEO. "We entered 2019 with strong business momentum that positions JLL for continued top-line and earnings growth in our Real Estate Services business."

For earnings history and earnings-related data on Jones Lang LaSalle (JLL) click here.

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