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.
Thesis
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Jones Lang LaSalle: Positive Signs Of Recovery In Real Estate Make This A Buy