Jones Lang Lasalle Earnings Cheat Sheet: Momentum is Building in Real Estate
Jones Lang Lasalle Inc.’s (NASDAQ:JLL) profit rose in the latest quarter. Jones Lang LaSalle, Inc. provides integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients.
Jones Lang Lasalle Earnings Cheat Sheet for the First Quarter
Results: Net income for Jones Lang Lasalle Inc. rose to $1.5 million (3 cents/share) vs. $246,000 (one cent/share) in the same quarter a year earlier. A substantial increase from the year earlier quarter.
Revenue: Rose 19.7% to $688 million YoY.
Quoting Management: “Positive year-over-year revenue performance continued in the first quarter with good momentum building in our businesses,” said Colin Dyer, President and Chief Executive Officer of Jones Lang LaSalle. “Our healthy new business pipelines across the globe make us optimistic about our revenue and profit prospects as we move into the seasonally stronger quarters of the year,” Dyer added.
Key Stats: The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. Over that span, the company has averaged growth of 20.6%, with the biggest boost coming in the first quarter of the last fiscal year when revenue rose 24.3% from the year earlier quarter.
Competitors to Watch: CB Richard Ellis Group, Inc. (NYSE:CBG), Grubb & Ellis Company (NYSE:GBE), Kennedy-Wilson Hldgs., Inc. (NYSE:KW), FirstService Corp. (NASDAQ:FSRV), E-House (NASDAQ:CHINA) Hldgs. Ltd. (NYSE:EJ), ZipRealty, Inc. (NASDAQ:ZIPR), HFF, Inc. (NYSE:HF), EMCOR Group, Inc. (NYSE:EME), Terreno Realty Corporation (NYSE:TRNO), and IFM Investments Ltd. (NYSE:CTC).
Today’s Performance: Shares of JLL are unchanged in after hours trading.