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JLL Reports 24% Revenue Hike in Q2

CHICAGO-Jones Lang LaSalle, buoyed by the $319 million King Sturge takeover, is poised to take advantage of the global markets.

By Robert Carr | Updated on July 28, 2011

CHICAGO-Jones Lang LaSalle had a strong second quarter, according to executives reporting Q2 results on a conference call Wednesday. Revenue rose 24% to $845 million compared to second quarter 2010, and net income rose to $44 million compared with $32 million a year ago.

However, the executives reported that various market fundamentals competed during the quarter to produce unusual results. Emerging markets are stronger than advanced countries, Europe and Asia volumes were down while the Americas rebounded, and the firm’s public institution business line is experiencing softening revenue, while revenue in the capital markets and hotel business doubled to $32 million in Q2.

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