Why Jones Lang LaSalle's Resilience Makes It a Strong Choice for 2024

September 17, 2024 12:41 PM PDT | By Team Kalkine Media

Why Jones Lang LaSalle's Resilience Makes It a Strong Choice for 2024 — Image source: Shutterstock

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Headlines

Jones Lang LaSalle (JLL) is set to benefit from its diverse business model and cost-optimization strategies, with a projected increase in adjusted EBITDA for 2024.
The company expects to see fee revenues grow by 3.7% in 2024 and 8.1% in 2025, alongside improving adjusted EBITDA margins.
JLL’s investment in technology and innovation, coupled with its broad range of real estate services, positions it well for continued growth and market expansion.

Jones Lang LaSalle Incorporated (NYSE:JLL) is positioned to thrive due to its strong and adaptable business model. The company’s diversified operations and strategic cost-optimization measures are anticipated to bolster its adjusted EBITDAFor 2024, management forecasts adjusted EBITDA in the range of $1.0 to $1.2 billion, an increase from the previously estimated range of $950 million to $1.15 billionAdditionally, fee revenues are expected to rise by 3.7% in 2024 and 8.1% in 2025, with adjusted EBITDA margins projected to reach 13.7% in 2024, 15.6% in 2025, and 17.4% in 2026.

JLL benefits from its extensive portfolio of real estate products and services, combined with deep knowledge of both domestic and international marketsThis comprehensive expertise allows the company to serve as a single-source provider for real estate solutionsFurthermore, JLL’s commitment to superior client service and its focus on investing in technology and innovation are expected to drive growth and enhance market positionThese strategic investments help JLL navigate through various challenges and continue expanding its market presence.

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