The vicious cycle of chronic under-staffing puts significant cost pressure on healthcare systems, which are paying higher wages to attract and retain nurses. Corporate real estate leaders are thinking strategically about the long-term transformation of their real estate portfolios to succeed in a post-pandemic world. The Canada retail leasing market will see increased activity for the remainder of 2022 as it recovers from the slowdown in Q1. For the full year, consolidated RES revenue and fee revenue increased 15% and 31%, respectively, with broad-based growth across all geographic segments and service lines. LaSalle provides investment management services to institutional investors and high-net-worth individuals. Net income attributable to common shareholders was $961.6 million for the year ended December31, 2021, compared with $402.5 million last year, and Adjusted EBITDA was $1,496.5 million, compared with $859.6 million in 2020. MENA: Middle East and North Africa. Flore Pradre, Research Director, JLL Work Dynamics, reflects on the results of JLL's Regenerative Workplace survey. These factors, among others, put pressure on health system margins and provider performance, yet the industry continues to adapt and grow. Jones Lang LaSalle (JLL) delivered earnings and revenue surprises of -24.78% and 0.43%, respectively, for the quarter ended September 2022. Flore highlights the importance of employees' health and wellbeing, and the unique opportunity that employers now have to support their workers. The above activity is reported entirely within Revenue of the Capital Markets service line of the Americas segment. Systems are also following patient populations to retirement markets, and the Sunbelt markets are the biggest beneficiaries, with 19% population growth over the past decade. Welcome to the third quarter 2022 conference call for Jones Lang LaSalle Incorporated. Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 32.7% in USD (32.0% in local currency), compared with 26.8% last year. Watch Dr. Marie Puybaraud, Global Head of Research, JLL Work Dynamics, discuss the role of the office and employee expectations as we transition to the hybrid working world. JLL Healthcare provides a full range of real estate and facilities solutions for hospitals, physicians and other care providers as well as real estate investors that own and operate medical and seniors housing properties. For the fourth quarter, the company achieved consolidated Real Estate Services ("RES") revenue and fee revenue increases of 23% and 42%, respectively, with organic RES fee revenue exceeding Q4 2019. The table below shows restructuring and acquisition charges, including the portion related to the acquisition and integration of HFF (primarily expenses from retention awards granted upon acquisition as well as other integration expenses, such as early lease termination costs). Because the company's non-GAAP financial measures are not calculated in accordance with GAAP, they may not be comparable to similarly titled measures used by other companies. As of December 31, 2021, LaSalle had $76.6 billion of real estate assets under management (AUM), composed of $38.3 billion invested in separate accounts, $34.1 billion invested in fund management vehicles and $4.2 billion invested in public securities. About JLL -. Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. Adjustments to GAAP Financial Measures Used to Calculate non-GAAP Financial Measures. Leasing and Capital Markets also led full-year consolidated RES fee revenue growth with increases of 48% and 59%, respectively. Hotel investors expressed a strengthened appetite as fundamentals continue to recover with 20% of investors indicating they will deploy between $501 million to $1 billion+ worth of capital into the hospitality sector, up . Infosys presents key financial filings for its investors. If you experience any issues with this process, please contact us for further assistance. Percentage variances in the EMEA Performance Highlights below are calculated and presented on a local currency basis, unless otherwise noted. We have operations in over 80 countries and a workforce of over 98,000 individuals around the world who help real estate owners, occupiers and investors achieve their business ambitions. JLL Ireland | 5,700 followers on LinkedIn. In addition, all RES segments achieved fee revenue growth of at least 20% for the quarter. I am currently the Chief Operating Officer for JLL Asia Pacific. Revenue expansion in Capital Markets for Q4 and the full year was driven by a continued increase in large transactions across most asset classes, led by Australia (and also Singapore on a full-year basis), partially offset by Japan. * Oversaw the consolidation of four traditional office . JLL Healthcare provides a full range of real estate and facilities solutions for hospitals, physicians and other care providers as well as real estate investors that own and operate medical and seniors housing properties. View PDF View Form 10K (HTML) Jones Lang LaSalle Inc. does not currently have any hardcopy reports on AnnualReports.com. 3. Our investment-grade balance sheet and free cash flow allow us to make these investments while continuing to return capital to shareholders.. JLL surveyed global hotel investors to understand their evolving investment appetite, expectations around the industry's recovery timeline and industry outlook. Consolidated Statements of Operations (Unaudited), (in millions, except share and per share data), Income before income taxes and noncontrolling interest, Net (loss) income attributable to noncontrolling interest, Basic weighted average shares outstanding (in 000's), Diluted weighted average shares outstanding (in 000's). Any measure that eliminates components of a company's capital structure, cost of operations or investments, or other results has limitations as a performance measure. JLL Reports Financial Results for Third-Quarter 2022 Strong top-line performance by annuity-based businesses across the globe offset softness in Capital Markets October 28, 2022 JLL advises on sale of Seoul's Jongno Tower to SK REITs Despite rising interest rates, the transaction closed at KRW10.3 million (US$7.1 thousand) per square meter "During the past year, we made incremental investments in our business to drive future growth and also increased capital returns to shareholders. Class A cap rates declined 10 bps to 4.89%, the lowest level since CBRE's Cap Rate Survey began in H1 2009. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. T: 312-252-8943 JLLInvestorRelations@jll.com JLLs new Healthcare and Medical Office Perspective details key themes currently affecting U.S. healthcare systems and medical office owners and operators, including labor challenges, elevated costs and industry disruptions. CHICAGO, August 3, 2022 - Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2022 with diluted earnings per share of $3.90, up from $3.82 in the prior-year quarter, and adjusted diluted earnings per share 1 of $4.48, up from $4.20 last year. Greater Chicago Area. CHICAGO, November 2, 2022 - Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the third quarter of 2022 with diluted earnings per share of $2.88, compared with $4.57 in the prior-year quarter, and adjusted diluted earnings per share 1 of $3.40, compared with $4.56 last year. CHICAGO, February 28, 2022 - Jones Lang LaSalle Incorporated ( NYSE: JLL) today reported operating performance for 2021 with fourth quarter diluted earnings per share of $8.16 and adjusted diluted earnings per share 1 of $8.66, and full-year diluted earnings per share of $18.47 and adjusted diluted earnings per share 1 of $19.47. The increase in incentive fees for the fourth quarter and full year reflected the strong fund performance in the U.S. and real estate dispositions on behalf of clients in Asia Pacific (and also in continental Europe as it relates to the full year). Copyright2022 Jones Lang LaSalle IP, Inc. JLL reports financial results for second-quarter 2022, Contact us - Real Estate Industry Services | JLL, Top-line expansion was broad-based as most segments achieved 20% or greater growth, Higher deal volume in the Americas and EMEA led the 28% increase in Capital Markets fee revenue, Strong leasing performance continued across several asset classes, driving 23% growth in Markets Advisory fee revenue, Outsourcing wins and greater demand in Project Management contributed to the 19% increase in Work Dynamics fee revenue, Incremental headcount and investments to support existing and future growth more than offset higher revenue, Nearly $300 million of share repurchases this quarter, continuing the return of capital to shareholders. Medical office occupancy is relatively stronger than the commercial office sector and was significantly less disrupted by pandemic, with medical office asking rents averaging 2% growth year over year for the past five years and reaching an average $23 per square foot triple net by mid-year 2022. JLL's latest research explores this question in detail providing a host of residential forecasts for the period between 2022 and 2026. Top-line expansion was broad-based as most segments achieved 20% or greater growth Leveraging their physical assets in a more efficient way that enhances the patient experience will become more critical in a post-pandemic healthcare marketplace., Systemness continues as a key strategy to consolidate and manage costs. In 2021, $12.0 million of the activity related to a business disposition within Americas and $0.4 million related to a sold business within EMEA, while activity in 2020 related to the sale of property management businesses in continental Europe. In November 2021, JLL acquired Building Engines, a market-leading building operations platform that leverages cloud-based technology to transform how properties are run. * Managed annual P&L and ten senior leaders including Service, Finance and Customer Experience Managers. Equity earnings for the fourth quarter and full year were attributable to JLL Technologies' strategic investments, primarily driven by valuation increases as a result of subsequent rounds of funding at higher per-share valuations. Health and safety report We empower our people and stakeholders to put safety first and make our workplaces safer. The remaining $6.6 billion relates to Global Partner Solutions which is a global business line. JLLInvestorRelations@jll.com. At the 2022 Annual Meeting of Shareholders of Jones Lang LaSalle Incorporated (JLL or the Company), shareholders will be asked to vote on the following proposals: 1. Restructuring and acquisition charges are excluded from the company's measure of segment operating results, although they are included within consolidated Operating income calculated in accordance with GAAP. As we enter 2022, JLL is well-positioned to seize the significant opportunities across the commercial real estate sector and continue to generate long-term value for stakeholders. . Move into your first office, find a new one with room to grow, or develop a complete location strategy. Our Q3 2022 Central London office market report is now available. These measures are believed to be useful to investors and other external stakeholders as supplemental measures of core operating performance and include the following: (i) Fee revenue and Fee-based operating expenses, (ii) Adjusted EBITDA attributable to common shareholders ("Adjusted EBITDA") and Adjusted EBITDA margin,(iii) Adjusted net income attributable to common shareholders and Adjusted diluted earnings per share, and(iv) Percentage changes against prior periods, presented on a local currency basis. Move into your first office, find a new one with room to grow, or develop a complete location strategy. Visit us at us.jll.com/healthcareto learn more. For discussion of non-GAAP financial measures, see Note 1 following the Financial Statements in this news release. Capital Markets growth reflected investment sales nearly doubling versus Q4 2020 (up over 80% for the full year), continued momentum in debt and equity advisory, and a 34% increase in Q4 servicing revenue from the multi-housing business (up 28% for the year). JLL. We will then delete it safely and securely. A Fortune 200 company with annual revenue of $6.0 billion, JLL has more than 300 corporate offices, operates in more than 83 countries and has a global workforce of more than 91,000. "JLL delivered impressive fourth-quarter and full-year 2021 financial results, led by strength in Leasing and Capital Markets, as well as valuation increases on our strategic technology investments. Greater China: China, Hong Kong, Macau and Taiwan. . We are present in 15 countries with over 42,000 employees generating over USD$1b of annual revenue. . Investors completed 3bn in build-to-rent, student and healthcare transactions in Q3, bringing the year-to-date investment total to 10.3bn. 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