JLL Reports Solid First-Quarter 2020 Results

CHICAGO, May 5, 2020 — Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2020 with diluted earnings per share of $0.10 and adjusted diluted earnings per share¹ of $0.49.

• Record consolidated revenue of $4.1 billion and fee revenue¹ of $1.5 billion, increased 9% and 15%, respectively
  • Americas Leasing extended impressive trend of quarterly growth
  • Organic RES fee revenue growth of 5% despite COVID-19 challenges
  • Double-digit increase in facilities management fueled Corporate Solutions
• Non-cash charges related to COVID-19 significantly impact otherwise healthy margin development
• Capital Markets showed platform strength and reflected excellent progress on HFF integration
• LaSalle double-digit advisory fee growth reflected strong capital raising momentum

“We entered 2020 with significant momentum, which produced solid first quarter results,” said Christian Ulbrich, JLL CEO. “Once again, our Americas business had another strong quarter while our EMEA and Asia Pacific segments showed impressive resilience as the impact of the COVID-19 pandemic increased throughout the quarter. We are marshalling JLL's considerable capabilities to keep our employees safe and productive, support our communities and serve our clients in this uncertain environment.”