JLL reports financial results for first-quarter 2022 with new reporting segments

CHICAGO, May 9, 2022 – Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the first quarter of 2022. The company's reporting segments changed, effective this quarter, from geographic-centric Real Estate Services segments to global business line segments.

• Revenue up 21% to $4.8 billion and fee revenue up 36% to $1.9 billion; all segments achieved double-digit top-line growth
• Higher transaction activity across the globe drove 54% increase in Capital Markets fee revenue
• Strong leasing performance across asset classes led 36% growth in Markets Advisory fee revenue
• Advisory and Transaction fees contributed to 36% growth in LaSalle fee revenue
• Margin expansion reflected higher transaction-based revenue which more than offset incremental expenditures to drive future growth
• Continued return of capital to shareholders with $150 million of share repurchases this quarter

"JLL again delivered strong financial results this quarter. Robust performance in our Capital Markets and Markets Advisory businesses drove a healthy expansion in our Adjusted EBITDA margin," said Christian Ulbrich, JLL CEO. "Our 'One JLL' philosophy, diversified service offering and integrated technology platform, have allowed us to seamlessly support clients across business lines and geographies. During the first quarter, we generated significant top-line growth across all of our business lines while inflation, supply chain challenges and the war in Ukraine continue to cloud the economic backdrop. We are well positioned to help our clients navigate a more uncertain macro environment and our strong capital position allows us to take advantage of opportunities in the marketplace. Our thoughts and sympathies remain with everyone in Ukraine and elsewhere whose livelihoods are being impacted by this terrible conflict."

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