07/04/2025 - Jones Lang LaSalle Inc.: JLL Reporting Segment Realignment

Aligning real estate management activities globally

Delivering client outcomes by unifying shared capabilities

• • As announced in September 2024, we are bringing together all building management groups under one segment to:

  • • capitalize on synergies across platform operations;

  • • drive further innovation; and

  • • improve client experience.

• • On January 1, 2025, Property Management shifted to join our Work Dynamics business and form the Real Estate Management Services segment.

• • With the realignment of Property Management, Markets Advisory became Leasing Advisory.

• • Concurrently, Capital Markets was renamed Capital Markets Services, LaSalle was renamed Investment Management and JLL Technologies was renamed Software and Technology Solutions.

Mapping to new reporting segments

Previous

Markets Advisory	Leasing
Property Management
Advisory, Consulting & Other

Capital Markets	Investment Sales, Debt/Equity Advisory and Other
Value and Risk Advisory
Loan Servicing

Work Dynamics	Workplace Management
Project Management
Portfolio Services and Other

JLL Technologies

LaSalle

New-effective January 1, 2025

Real Estate Management Services	Workplace Management
Project Management
Property Management
Portfolio Services and Other

Leasing Advisory	Leasing
Advisory, Consulting & Other

Resilient revenue and earnings base

Our global platform and diverse offerings service the full spectrum of our clients' real estate needs

FY 2024 Results ($M)

Revenue by Segment(1),(2)

Adjusted EBITDA by Segment

Capital Markets Management Services Investment

2%

Software and Technology Solutions

Real Estate Management

Services

77%

• (1) Revenue includes $15,391 million of Gross contract costs ("GCC"); the Real Estate Management Services segment represents 99% of total GCC.

  Investment Management

  • 21% Capital Markets Services

• (2) Included as a reduction to Revenue is Net non-cash MSR and mortgage banking derivative activity of $18 million for the year ended December 31, 2024 within Capital Markets Services.

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$1,186

• 34% Real Estate Management Services

• 39% Leasing Advisory

  Software and Technology Solutions

Real Estate Management Services

$17,993 million of Revenue, $399 million of Adjusted EBITDA (FY 2024)

Property Management Project Management

Portfolio Services and Other

3%

17%

Revenue for Real Estate Management Services included $15,266 million of Gross contract costs in FY 2024, 76% of which

• related to Workplace Management (1)

• (1) Gross contract costs ("GCC") represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. Within Real Estate Management Services, in addition to Workplace Management, the remaining share of segment GCC relates to Project Management

  (14%), Property Management (8%) and Portfolio Services and Other (2%).

• (2) Estimated based on the best available company data as of or for the year ended December 31, 2024.

• (3) Applies to Workplace Management and Property Management.

Leasing Advisory

$2,706 million of Revenue, $465 million of Adjusted EBITDA (FY 2024)

Advisory, Consulting and Other

4%

Leasing

96%

• (1) Revenue includes $33 million of Gross contract costs ("GCC"), which represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. Within Leasing Advisory, the share of segment GCC relates to Leasing (62%) and Advisory, Consulting and Other (38%).

• (2) Estimated based on the best available company data as of or for the year ended December 31, 2024.

• 8 | © 2025 Jones Lang LaSalle IP, Inc. All rights reserved.

Capital Markets Services

$2,040 million of Revenue, $244 million of Adjusted EBITDA (FY 2024)

Loan Servicing

8%

• (1) Revenue includes $49 million of Gross contract costs ("GCC"), which represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. Within Capital Markets Services, the share of segment GCC relates to Investment Sales, Debt/Equity Advisory and Other (73%) and Value and Risk Advisory (27%).

• (2) Included as a reduction to Revenue is Net non-cash MSR and mortgage banking derivative activity of $18 million within Investment Sales Debt/Equity Advisory and Other.

• (3) Estimated based on the best available company data as of or for the year ended December 31, 2024.

• 9 | © 2025 Jones Lang LaSalle IP, Inc. All rights reserved.

Investment Management

$468 million of Revenue, $100 million of Adjusted EBITDA (FY 2024)

Incentive Fees

13%

• (1) Revenue includes $37 million of Gross contract costs ("GCC") , which represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive.

• (2) AUM as of December 31, 2024, reported on a one quarter lag.

• (3) Estimated based on the best available company data as of December 31, 2024.

• 10 | © 2025 Jones Lang LaSalle IP, Inc. All rights reserved.

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Jones Lang LaSalle Inc. published this content on April 07, 2025, and is solely responsible for the information contained herein. Distributed via , unedited and unaltered, on April 07, 2025 at 13:14 UTC.