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JLL·Jones Lang LaSalle Incorporated

$336.37
-0.47 (-0.14%)
Market Closed (Overnight)$336.38+0.01 (+0.00%)
High
$337.77
Open
$335.32
Market Cap
15.48B
52W High
$393.84
Low
$332.47
P. Close
$336.37
P/E
15.49
52W Low
$259.83
Fwd P/E
11.84
DailyIQ Est.
$440.54
Inst. Ownership
48.0%
Short Interest
1.61%
Days to Cover
2.3
Technical Score (1D)
32
SELL
News Sentiment
61
BULLISH
The most recent JLL update shows that only 1 % of North American data‑center space is vacant, a clear sign that the market remains extremely tight. This scarcity has driven tenants to secure a record 25 GW of electric generation in the first half of 2026, roughly 5 % of U.S. annual electricity output, underscoring the rapid pace of demand growth. The shift toward frontier markets, where traditional sites are reaching capacity limits, signals that developers and operators will increasingly look to new regions for expansion, potentially spurring infrastructure investment and power‑generation projects. For the next 1–10 trading days, this tight supply environment should keep data‑center real‑estate values buoyant and could elevate lease rates as demand outpaces the limited inventory. Market participants should watch for any signs that local utilities or regulators are tightening capacity constraints, as this could dampen the ability to deliver the required power and affect project timelines. Additionally, keep an eye on any new data‑center announcements in frontier markets, which could accelerate the supply‑demand imbalance and push prices higher. Finally, monitor broader electricity market trends, because any spike in wholesale rates could increase operating costs for tenants and influence future lease negotiations.
Earnings Summary
Jones Lang LaSalle Incorporated (JLL) is a global leader in commercial real‑estate services and investment management, offering property management, leasing, and advisory across offices, industrial, and retail spaces. In the last two quarters, JLL posted EPS of $6.15 in Q4 2024 and $8.71 in Q4 2025, both beating estimates of $6.01 and $7.40 respectively, while revenue rose from $6.81 billion to $7.61 billion, exceeding the $7.53 billion estimate in Q4 2025. The Q2 2026 EPS of $5.26 surpassed the $4.57 estimate, but revenue of $6.93 billion fell slightly below the $6.95 billion forecast, indicating a modest slowdown in top‑line growth. Historically, JLL has maintained a YoY revenue growth trajectory of roughly 10–12% over the past four quarters, with EPS consistently beating analyst expectations in three of the last four periods, underscoring resilient profitability amid cyclical market swings. Recent news highlights a Zacks upgrade to strong buy, a $435 million sale of a Boston Seaport tower, and a year‑high Bid Intensity Index, all suggesting renewed investor demand and potential fee‑income expansion; however, the CEO’s routine share sale is unlikely to affect fundamentals. Investors should watch the upcoming Q3 2026 earnings for guidance revisions, particularly how the firm’s diversified service contracts and data‑center expansion translate into revenue momentum, and monitor leasing activity for signs of a broader commercial‑real‑estate recovery.

EPS

EstBeatMiss
$3.95$5.29$6.64$7.99$9.33Q4'24Q4'25Q2'26Q3'26
QtrEstActual+/−
Q3'26$6.17 - -
Q2'26$4.57$5.26+15.1%
Q4'25$7.40$8.71+17.7%
Q4'24$6.01$6.15+2.3%

Revenue

EstBeatMiss
$6.7B$7.0B$7.2B$7.5B$7.7BQ4'24Q4'25Q2'26Q3'26
QtrEstActual+/−
Q3'26$7.3B - -
Q2'26$6.9B$6.9B-0.3%
Q4'25$7.5B$7.6B+1.1%
Q4'24 - $6.8B -

Market Data

JLL Stock Snapshot

SELL32/100
$336.38+$0.01 (0.0%)
Market cap
15.48B
P/E ratio
15.5
Day range
$332.47 – $337.77
News sentiment
61/100 · Bullish
Analyst target
$425.30 (+26.4%)
Consensus
Buy · 18 analysts
52-week range+29.5% off low · -14.6% from high
$259.83$393.84
Price $336.38 DailyIQ Est. $440.54

Jones Lang LaSalle Incorporated is trading in the middle of its 52-week range with momentum still pointing lower. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What JLL's own history says about today's numbers

Realized volatility (21d)
26.5% 45th pct
Below its peak
-14.4%
vs 200-day average
+2.5%
Up days (1y)
50%

Jones Lang LaSalle Incorporated is currently running 26.5% annualised volatility over the last 21 sessions. Measured against JLL's own 13 years of daily returns rather than a market-wide average, that is the 45th percentile close to its own typical level, against a typical reading of 27.6%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

JLL is trading -14.4% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -26.9%, and the deepest was -54.0% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +2.5% from its 200-day moving average. Against every other day in its history, that gap ranks at the 45th percentile close to the gap it normally carries. Over the past year JLL closed higher on 50% of sessions, and it is currently 5 sessions into a falling streak.

On September specifically: over 13 years of records, JLL finished the month higher 4 of 13 times, with a median return of -1.9% and an average of -3.3%. Its strongest month historically has been July at +6.7% on average, its weakest March at -4.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: JLL has opened more than 2% away from the prior close in 173 of 3,267 sessions (5.3% of the time), with the largest gaps running +9.0% and -19.7%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-09-20 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against JLL's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of JLL's sector?

Jones Lang LaSalle Incorporated sits in the Financials sector, currently ranked 5th of 11 GICS sectors by relative-strength rotation score (lagging).

Sector rank
#5 of 11
Sector state
Lagging
Sector rotation score
50

Options Market

What is the options market pricing for JLL?

CallsPuts

For Jones Lang LaSalle Incorporated's nearest expiry (2026-10-16, 26 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.40), with at-the-money implied volatility around 45.0%. The options market is pricing roughly a ±11.9% move by that expiry — a range of about $341.26–$433.48.

Put/call ratio (2026-10-16)
0.40
ATM implied volatility
45.0%
Total open interest
328
Expected move by 2026-10-16
±11.9% ($341.26–$433.48)

Analyst Rating Changes

Are analysts turning bullish or bearish on JLL?

Barclays most recently reiterated its rating on Jones Lang LaSalle Incorporated to Equal-Weight on Aug 17, 2026 with a price target of $401 (from $368). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
BarclaysEqual-Weight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Aug 17, 2026BarclaysMaintainedEqual-Weight$368 → $401
Aug 3, 2026Keefe, Bruyette & WoodsMaintainedOutperform$375 → $415
Jul 28, 2026BarclaysMaintainedEqual-Weight$366 → $368
May 13, 2026BarclaysMaintainedEqual-Weight$348 → $366
Apr 22, 2026UBSMaintainedBuy$425 → $445
Apr 14, 2026BarclaysMaintainedEqual-Weight$355 → $348
Mar 13, 2026BarclaysMaintainedEqual-Weight$360 → $355
Feb 24, 2026Keefe, Bruyette & WoodsMaintainedOutperform$405 → $380
Feb 23, 2026UBSMaintainedBuy$410 → $425
Jan 28, 2026UBSMaintainedBuy$360 → $410
Jan 8, 2026Keefe, Bruyette & WoodsMaintainedOutperform$390 → $405
Dec 2, 2025BarclaysInitiatedEqual-Weight$351

JLL Competitive Positioning

Jones Lang LaSalle Incorporated (JLL) is tracked alongside these names in Real Estate Services on DailyIQ — ranked by market cap, with today's move alongside.