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JLL raises 2026 adjusted EPS guidance on strong first-half momentum
The company also projected full-year revenue growth in leasing and capital markets services in the mid-to-high teens range.
Jones Lang LaSalle (JLL) reported that its Q2 performance was supported by its “One JLL” approach, which the company said integrates intelligence across the real estate life cycle to win complex mandates. It also highlighted resilient business lines that make up nearly 80% of revenue, benefiting from long-term outsourcing trends among occupiers seeking scale and efficiency, according to the firm’s earnings call summary on Yahoo Finance.
Yahoo Finance said JLL attributed advisory revenue growth of 21% to a broad pickup in U.S. activity, particularly tied to technology sector and AI-related companies. Management also pointed to market share gains from multi-year investments in data and AI that increased broker productivity and enabled higher transaction volumes without adding headcount.
The company noted a persistent bifurcation in office markets, with record rents for Grade A spaces alongside high vacancy in legacy buildings, and said its Workplace Management segment has continued growth runway because most corporate real estate is still managed in-house globally, per the Yahoo Finance summary. JLL also described free cash flow conversion trending above its long-term average of 80%, giving it flexibility for share repurchases and disciplined M and A, while expecting headwinds from strategic contract exits in Property Management to largely dissipate over coming quarters.
Looking ahead, JLL raised its full-year 2026 adjusted EPS guidance to $24.60 to $25.90, reflecting 34% growth at the midpoint based on strong first-half momentum and healthy pipelines. The firm targeted mid-to-high teens revenue growth for leasing and mid-teens growth for Capital Market Services for the full year, while cautioning that year-over-year comparisons may become more difficult in Q4, according to the Yahoo Finance summary.