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.