Jones Lang Lasalle INC: directors' dealings · United States · SEC (Form 4)

About Jones Lang Lasalle INC

Jones Lang LaSalle Incorporated (JLL) is a global leader in professional real estate services and real estate investment management. The company is listed on the NYSE under the ticker JLL, is based in the United States, and has its headquarters in Chicago. Its roots date back to 1783 through Jones Lang Wootton in England, while the modern company was shaped by the 1999 merger with LaSalle Partners, a U.S.-founded business established in 1968. That Anglo-American heritage helped JLL build a broad international platform with operations in more than 80 countries, serving a wide client base that includes corporations, public-sector entities and institutional investors. As of year-end 2024, JLL reported annual revenue of $23.4 billion and a global workforce of more than 112,000, underscoring its scale in the commercial real estate sector. JLL’s business model is diversified across five reporting segments: Leasing Advisory, Capital Markets Services, Real Estate Management Services, Software and Technology Solutions, and Investment Management. In practical terms, this means the company advises landlords and occupiers on leasing, provides tenant representation and property management, executes investment sales and debt/equity advisory work, delivers workplace and project management services, and manages capital through LaSalle Investment Management. This structure is strategically important because it blends cyclical transaction revenues with more recurring, resilient service revenues. For equity investors, that mix tends to improve earnings quality and helps smooth performance through different real estate market conditions. From a competitive standpoint, JLL is one of the global “big three” names in commercial real estate services, alongside CBRE and Cushman & Wakefield. Its competitive advantages lie in its international coverage, deep local-market execution, and integrated offering across advisory, management, investment and technology. JLL has also emphasized investments in AI and digital capabilities, which should support productivity and differentiation in a sector that continues to consolidate. The technology angle is increasingly relevant as clients look for better data, automation and portfolio optimization. Recent developments suggest improving operating momentum. In its fourth-quarter and full-year 2025 results released in February 2026, JLL reported a seventh consecutive quarter of double-digit revenue growth, supported by both transactional and resilient revenue streams, while also generating nearly $1.0 billion in free cash flow for the year. In first-quarter 2025 results, the company posted revenue growth and a strong increase in adjusted EPS, despite a more volatile market backdrop. JLL also changed its reporting structure effective January 1, 2025, renaming several segments and moving property management into Real Estate Management Services to better reflect its operating model. For investors in French-speaking Europe, JLL offers exposure to the global commercial property cycle with a well-balanced profile across leasing, capital markets, recurring management services and investment management.