$JLL

JLL reported Q3 2026 earnings with diluted EPS up 50% to $6.85, revenue up 12% to $7.3B. Growth driven by Advisory (22%) and Resilient (9%) revenues. Company plans $500M share repurchase, raising full-year Adjusted EPS target. CEO cites strong pipelines and margin expansion.

JLL has sued former broker Molly Heath for allegedly violating a non-compete agreement after moving to CBRE, claiming loss of clients and confidential data. Heath received $3M from JLL in 2021 for the covenants. The lawsuit seeks damages and an injunction to enforce the agreement. Heath denies wrongdoing, according to her attorney.

JLL reports AI data center projects, especially near Dallas/Fort Worth and Washington, DC, are increasing warehouse demand and rents. Average asking rents rose to $10.55 per square foot, up 3.2% year-over-year. Companies like Alphabet, Microsoft, Meta, and Amazon are driving this demand, according to JLL's Q3 industrial real estate market report.

JLL reports global construction costs have settled at a 3%-6% annual growth baseline, up from 2%-3% pre-2020. Higher labor and material costs, driven by AI demand and skilled worker shortages, are reshaping real estate viability. Industrial and data center sectors absorb costs better than office and retail, according to JLL's 2026 report.

Jones Lang LaSalle Incorporated (JLL) has appointed Mark Gibson as Country CEO for the U.S. This executive change may indicate potential strategic or operational shifts in JLL's U.S. business, according to AI Analyst.

JLL arranged a $463M floating-rate loan for Thompson Thrift's 2,412-unit multifamily portfolio across 7 U.S. markets. Barings provided the loan, retiring existing construction debt. Properties feature luxury amenities and are located near key employment and transportation hubs.

JLL hired a six-person brokerage team from CBRE, with over 75 years of combined experience. The team has completed over 75M SF of transactions valued at more than $50B, according to JLL. The move was driven by JLL's AI investment and global platform, the team said.

JPMorgan cut JLL's price target to $434 from $442, citing rising interest rates slowing commercial property deals. The bank kept its Overweight rating, noting JLL's steady revenue from property management. Palantir's stock reached an all-time high, but an investor argues its valuation is too high, requiring significant earnings growth to justify its market cap.

Microsoft sued JLL in New York County Supreme Court, alleging JLL failed to cover legal costs from a 2023 forklift accident at Microsoft's NYC office project. Microsoft claims JLL breached its duty to provide insurance coverage. The accident led to a worker's lawsuit, which Microsoft was later added to. JLL disputes the claims, saying the worker was on a separate project.

JLL Income Property Trust declared monthly distributions for October 2026, payable around October 27 to shareholders of record by October 22. The annualized distribution rate is about 5.6%, varying by share type. The company, a daily NAV REIT, aims to provide reliable, growing income with a track record of nine dividend increases in 14 years. It manages a diversified portfolio of income-producing properties.