JLL - Jones Lang LaSalle Q4 beat helped by leasing capital markets

Jones Lang LaSalle (NYSE:JLL) fourth-quarter beat Monday highlighted strength in its leasing and capital markets segments. JLL stock edges higher by 0.5% in premarket trading. Q4 Leasing of $994.8M jumped from $602.9M in Q4 2020. Q4 Capital Markets of $849.7M vs. $565.8M in Q4 of last year. Q4 property and facility management was $2.84B compared with $2.54B in the same period a year ago. Fee revenue of $2.77B climbed from $1.96B in Q4 2020. Total revenues were $5.94B in Q4 topped the $3.44B consensus and rose from $4.84B in the year-ago quarter. Revenue before reimbursements were $1.94B compared with $1.35B in the same period of last year. Q4 adjusted EBITDA of $622.0M vs. $417.1M in Q4 a year ago. EBITDA margin on a fee-revenue basis of 22.4% in Q4 rose from 21.3% in Q4 2020, primarily due to higher equity earnings and an increase in revenue. Q4 operating expenses were $5.50B, up from

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Jones Lang LaSalle Q4 beat helped by leasing, capital markets