Jones Lang LaSalle (JLL) in Ariel Small Cap Value Strategy 2024 Q3

Real Estate Rebound Drives Strong Performance

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May 16, 2025
Summary
  • Quarterly earnings beat and raised full-year guidance.
  • Rebound in transaction, leasing, and capital markets activity.
  • Optimism for near-term recovery post-Fed interest rate cut.
  • Focus on streamlining operations and increasing efficiencies.

In the Ariel Small Cap Value Strategy 2024 Q3 letter, Jones Lang LaSalle (JLL, Financial) was highlighted for its strong performance following a quarterly earnings beat and an increase in full-year guidance. The company benefited from a rebound in transaction, leasing, and capital markets activity, alongside solid fee revenues from client wins and contract expansions.

"Company leadership is optimistic for a near-term recovery following the Fed’s interest rate cut and remains confident in the medium- and longer-term revenue outlook for both transactional and recurring revenue streams." — Ariel Small Cap Value Strategy 2024 Q3 Fund Letter

Read full letter at gurufocus Ariel Small Cap Value Strategy 2024 Q3 page.