Jones Lang Lasalle (4J2) AI Stock Analysis

Company Guidance

JLL continues to target mid to high single digit full year revenue growth for the real estate management services segment, high teens full year revenue growth for leasing advisory, and mid teens revenue growth for Capital Markets Services for the full year 2026; investment management targets low single digit advisory fee growth for the year, with full year incentive and fees expected to be around the low end of our historical range. Free cash flow conversion is trending well above our long term average of over 80% for the full year, while the 2026 adjusted EPS target range is $25.20 to $26.30, reflecting 37% growth at the midpoint. Platform enhancement is expected to contribute more than 20-basis points of annual margin expansion on average, increasing as years progress, or roughly 1/3 of the annual expansion embedded in Accelerate 30 targets; for 2027, JLL generally expects 50 basis points of margin expansion, give or take, in resilient business lines, 30% incremental margins in leasing, and mid-30s in capital markets, while tracking to adjusted EPS growth in line with its long term through cycle average adjusted EPS growth.