Jll reports financial results for third-quarter 2022

Strong top-line performance by annuity-based businesses across the globe offset softness in capital markets chicago , nov. 2, 2022 /prnewswire/ -- jones lang lasalle incorporated (nyse: jll) today reported operating performance for the third quarter of 2022 with diluted earnings per share of $2.88, compared with $4.57 in the prior-year quarter, and adjusted diluted earnings per share1 of $3.40, compared with $4.56 last year. revenue was $5.2 billion, up 10% in local currency, and fee revenue1 was $2.0 billion, up 4% in local currency outsourcing wins and continued project management demand drove 14% increase in work dynamics fee revenue stable markets advisory fee revenue highlighted by property management in the americas and growth in office leasing industry-wide lower market volumes and elongated deal cycles across the globe contributed to the 5% decline in capital markets margin contraction was due to higher compensation expense and incremental t&e and marketing costs increased borrowing capacity of credit facility to $3.35 billion and redeemed $275 million of senior notes "during the latter half of the quarter, the commercial real estate industry experienced a more rapid slowdown in capital markets volumes than was expected three months ago," said christian ulbrich, jll ceo.
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