Recent Updates — JLL
On October 29, 2026, Jones Lang LaSalle entered into a confirmation with Wells Fargo Bank for an accelerated share repurchase transaction to buy back $500 million of its common stock. This purchase is being executed under the company's previously announced share repurchase program. Jones Lang LaSalle operates in the commercial real estate services industry.
Jones Lang LaSalle reported third-quarter 2026 results with diluted earnings per share of $6.85, a 50% increase in local currency compared to the prior-year period. Revenue reached $7.3 billion, up 12%, driven by strong growth in Leasing Advisory and Capital Markets Services. Adjusted EBITDA rose 33% to $460.2 million, reflecting margin expansion and platform leverage. The company intends to execute a new $500 million accelerated share repurchase imminently, bringing full-year buybacks to over $1 billion. JLL is a leading global commercial real estate services and investment management firm.
Jones Lang LaSalle announced that Mihir Shah, currently CEO of Jones Lang LaSalle Technologies and a member of the Global Executive Board, will depart effective April 1, 2027. Under the separation agreement, Shah receives severance equal to 54 weeks of base salary ($675,000), a pro-rated Annual Incentive Plan payment ($590,000), and an additional payment equal to one times his target annual incentive ($2,360,000). He is also eligible for a 2026 bonus payable in March 2027 and COBRA premium reimbursement. Unvested equity awards are forfeited as of the separation date subject to pro-rated vesting terms based on service. The company operates in the commercial real estate services industry.
Jones Lang LaSalle Incorporated announced the immediate appointment of Paul Morgan as Chief Operating Officer, a newly created role on the Global Executive Board. Dr. Morgan reports to CEO Christian Ulbrich and will centralize enterprise-wide operational expertise to execute the 'Accelerate 2030' strategy focused on platform excellence. Prior to this, he served as COO of Real Estate Management Services and CEO of Workplace Management globally at JLL since 2016, previously holding executive roles at Johnson Controls for 18 years. Jones Lang LaSalle is a leading global commercial real estate services and investment management company.
Jones Lang LaSalle Incorporated reported financial results for the second quarter ended June 30, 2026, achieving record diluted earnings per share of $4.59, a 100% increase in local currency compared to the prior-year period. Revenue reached $6.9 billion, up 11% year-over-year, driven by strong growth in Advisory services and resilient management operations. Adjusted diluted EPS rose 61% to $5.26, while Adjusted EBITDA increased 33% to $386.3 million. The company completed a $200 million accelerated share repurchase program initiated in March 2026, bringing total H1 2026 buybacks to $410 million, with $2.6 billion remaining authorized. Management raised its full-year Adjusted EPS target range, reflecting expected 34% year-over-year growth at the midpoint. Jones Lang LaSalle is a leading global commercial real estate services and investment management company.