The following is a summary of the Jones Lang LaSalle Incorporated (JLL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• JLL experienced robust growth in Q3 with key segments like Market Advisory, Capital Markets, and Work Dynamics all showing double-digit revenue growth.

• Adjusted EBITDA increased by 37%, and adjusted EPS grew by 60%.

• Gross revenue growth was particularly strong in the leasing sector, with the office sector leading at 34% growth.

Business Progress:

• Strategic acquisitions like Raise Commercial Real Estate enhance JLL's leasing technology, offering advanced digital real estate solutions.

• A planned reorganization in 2025 will consolidate building management groups under one segment to optimize synergies and improve client experiences.

• Continued investments in JLL's platform, particularly in technology and innovation, support long-term growth.

Opportunities:

• High demand for innovative products in LaSalle's US open-ended core fund for high-net-worth investors expects to propel growth in assets under management.

• Strategic acquisition of technology-powered brokerage raises to enhance digital capabilities and efficiency in leasing operations.

Risks:

• The dependency on macroeconomic and geopolitical stability, as well as the continuation of favorable interest rates, is crucial for maintaining transaction activity and overall growth.

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