05. Jones Lang LaSalle Incorporated (NYSE:JLL)
Upside Potential: 25%
Average Analyst Share Price Target: $295.75
Forward P/E Ratio: 11.94
Jones Lang LaSalle Incorporated (NYSE:JLL) is a heavyweight in the real estate services world, and right now, it's trading at an attractive forward P/E of 11.94 as of June 20. With a 25% upside potential based on analysts' average price target of $295.75, compared to its current share price of $237.44, JLL offers a compelling opportunity for investors looking to tap into a fundamentally strong and globally diversified real estate play.
Jones Lang LaSalle Incorporated (NYSE:JLL) is no newcomer. With deep roots and operations across major global markets, the company offers a comprehensive suite of services, from agency leasing and capital markets to workplace management and investment advisory. In Q1 2025, JLL beat Wall Street expectations, reporting $2.31 EPS, comfortably surpassing the $2.02 consensus.
Revenue was up across the board, with double digit growth in both resilient (recurring) and transactional businesses. The standout performer was the Capital Markets segment, which saw over 45% revenue growth in debt advisory and 15% in investment sales, signaling renewed investor confidence and increased transaction activity. Notably, U.S. investment sales were up 46%, outpacing the broader market growth.
Leasing Advisory also delivered strong results, with 18% growth in office leasing and 14% in industrial, driven by pent up demand, especially in key markets like the U.S., Canada, Greater China, and Germany. Encouragingly, U.S. office leasing surpassed pre pandemic levels in Q1, with JLL benefiting from a strong share of large scale transactions.
On the services side, Workplace Management revenue rose nearly 30% over two years, supported by new client wins and mandate expansions. The company’s strategic focus on outsourcing, data, and AI driven solutions is fueling this momentum. JLL is also globalizing its property management business, positioning it for further scalability and growth.
Financially, Jones Lang LaSalle Incorporated (NYSE:JLL) is on solid ground. Margins improved thanks to efficiency gains, while strategic investments in talent and tech continue to strengthen its long term outlook.
With a resilient business model, diversified revenue streams, and leadership in both services and transactions, Jones Lang LaSalle Incorporated (NYSE:JLL) is a smart bet for investors seeking a quality real estate stock with strong upside potential.