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CWK - Jones Lang LaSalle: Positive Signs Of Recovery In Real Estate Make This A Buy
Cushman & Wakefield plc
2024-06-29 23:42:51 ET
Summary
JLL is navigating commercial real estate headwinds due to rising interest rates and work-from-home trends, with recovery expected as rates decrease later in 2024.
JLL offers a broad range of real estate services globally, increasing its workforce by 17% since 2019, showing resilience despite industry turmoil.
Q1 2024 saw a 9% revenue increase to $5.1 billion and a 150% rise in adjusted EPS, amid strong performance across business segments.
JLL is focusing on PropTech through JLL Spark, expanding in debt origination, and capitalizing on the growing data center sector with comprehensive client support.