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Jones Lang LaSalle: Can 11% Revenue Growth Withstand Asia Pacific Contract Churn?

Jones Lang LaSalle Incorporated reported strong financial results for the first quarter of 2026, driven largely by growth across its advisory businesses and a resilient revenue base. The company saw an 11% increase in revenue, predominately organic, supported by momentum in office and industrial leasing, capital markets activity, and outsourcing demand. Adjusted EBITDA rose 24% and adjusted earnings per share increased 56%, reflecting strong operating leverage and margin expansion. The Real Estate Management Services segment benefited from growth in Workplace Management and Project Management, particularly in the U.S., despite ongoing elevated contract turnover in Property Management in the Asia Pacific region where nearly 60% of targeted contracts have been exited or repositioned. While contract churn created a revenue headwind, core growth and new client wins partially offset these impacts. Software and Technology Solutions posted high single-digit growth, despite some pullbacks in discretionary tech spending by large clients.