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

Real Estate Rebound Drives Strong Performance

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.

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